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Daily Crunch: Thousands of Google Play users download Android banking trojan

TechCrunch

And there was even more, of course: MyPlace raised nearly $6 million for a home-sharing social network, Apollo.io Yet more spyware is out there, stealing your data : Sadly, the name of the Android spyware that is sucking up folks’ information is called TeaBot, which is a super-cute moniker.

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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

India continues to debate the fate of cryptocurrencies : A nation’s regulatory and banking bodies debating blockchain technology and its related tokens is a daily occurrence. But when an official from India’s central bank compares cryptocurrencies to Ponzi schemes, we take note. The TechCrunch Top 3. The latest?

Banking 213
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Daily Crunch: After clinching $12.3B valuation, Brex hires Meta exec as chief product officer

TechCrunch

Today we have new venture funds, spyware news, Brex raising (again), and more. Cybersecurity matters to democracy : Spyware built by the infamous NSO Group was “used to spy on three critics of the Polish government,” according to Citizen Lab, TechCrunch reports. Hello and welcome to Daily Crunch for January 11, 2022!

UI/UX 236
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Disrupt kicks off tomorrow — check out the highlights

TechCrunch

How to Build Your Early VC Network — Turning Social Capital into Financial Capital: If you haven’t heard of Nik, Josh or Gefen, where have you been? They are founders who are not only building very interesting companies but have also taken a forward approach toward making noise on social media.

Spyware 221
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Even North Korea has an antivirus program—but it’s used for spying

The Parallax

Researchers announced on May 1 that when they inspected the ingredients of the North Korean antivirus software for Windows computers, they found a mix of spyware and old code stolen from an antivirus vendor. Jaku is a known spyware-botnet combination, spread over BitTorrent.

Spyware 187
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A Look at the 5 Most Common Types of Cyberattacks

Tenable

Malware: This catch-all term encompasses a number of different cybersecurity threats, including everything from viruses and worms to banking trojans, adware, spyware and ransomware. Banking and finance had the fourth-fewest breach incidents (108), but saw almost 101 million sensitive records exposed, far more than any other sector. .

Malware 101
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Forget the Rules, Listen to the Data

Hu's Place - HitachiVantara

This traditional approach of using rules or logic statement to query transactions is still used by many banks and payment gateways today and the bad guys are having a field day. In the past 10 years the incidents of fraud have escalated thanks to new technologies, like mobile, that have been adopted by banks to better serve their customers.

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