September 22 2025

Warning: Online Gang Has Stolen $1 Billion

Warning: Online Gang Has Stolen $1 Billion

Banks are being warned about an online gang using Carbanak malware that has stolen up to $1 billion from banks in 30 countries, including the US. A spear-phishing attack, using an infected Word document, downloads malware onto bank employees' computers. Hackers observe everything happening on screen, then use that information to steal funds. The attackers are highly sophisticated, using such techniques as inflating an account of $1,000 to $10,000, then stealing $9,000 so that the account holder would not suspect anything. [2/17/15]

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?

Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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