A Chinese-speaking hacker launched cyberattacks that rocked South Korea’s financial sector earlier this month using the ARTEX AI penetration testing suite and Claude agents. The perpetrator targeted several Korean banks, including Shinhan Bank, KB Kookmin Bank and Hana Bank, by exposing customers’ personal and credit card information and in some cases causing system failures. The … Read more
A community bank group has sued a US bank regulator, claiming that its decision to allow cryptocurrency companies to obtain limited national trust bank charters exceeded the authority the agency gave Congress. The Independent Community Bankers of America (ICBA) Filed a case Friday in the U.S. District Court for the District of Columbia. The group … Read more
Anyone who has sent a bank transfer overseas is familiar with the painful process of waiting for things like business hours, correspondent banks and settlement times. In many cases, strapping physical cash to a homing pigeon, or slapping it in an envelope and sending it via DHL will be faster, cheaper and more efficient. Stablecoins … Read more
US prosecutors allege that a payments business illegally transferred millions of dollars at the behest of EQIBank, where Tether holds some of the assets. Stablecoin issuer Tether said it had limited exposure through assets held by a bank that instructed a payments company to transfer millions of dollars on its behalf. In response to reports … Read more