Malaysian Authorities Urged to Act Over Spiraling BNPL Usage
The Malaysian central bank found that most of the country’s buy now, pay later (BNPL) users came from the lowest income brackets—workers earning less than $1,130 per month. According to the South China Post, one reason lower-income Malaysians rely on BNPL is its widespread acceptance among merchants, especially for smaller purchases. For example, fast-food chain […]
Phishing Attacks Shift to More Subtle Enticements
The days of receiving phishing emails with subject lines like “Payment Overdue!” may be coming to an end. As users grow desensitized to alarmist messages, malicious actors have shifted to more subtle approaches. “Request” was the most common word in phishing subject lines in 2024, according to research from Cisco. Threat actors have largely abandoned […]
Infostealers: The Latest Cyberthreat Facing Financial Institutions
Last year, a breach of cloud storage company Snowflake resulted in data stolen from more than 150 companies, with more than $2 million extorted from victims. The attack was carried out by an infostealer, a type of malware that didn’t directly infiltrate Snowflake but instead entered through a client with weak security measures. The growing […]