Singapore Banks to Phase Out OTPs for Online Logins Within 3 Months

Retail banking institutions in Singapore have three months to phase out the use of one-time passwords (OTPs) for authentication purposes when signing into online accounts to mitigate the risk of phishing attacks. The decision was announced by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) on July 9, 2024.

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PingPull Linux Variant Used in Targeted Cyberattacks by Chinese Hackers

Alloy Taurus, a Chinese nation-state group notorious for attacking telecom companies since 2012, has been spotted using a Linux variation of the backdoor PingPull and a new unnamed tool called Sword2033. Palo Alto Networks Unit 42 discovered these malicious activities recently, targeting South Africa and Nepal. These attacks also include financial institutions and government entities. PingPull is