finance sector
Coverage of finance sector in the Nexus archive.
- AI push is putting banks at mercy of tech firms, warns Moody’s
Moody’s warns that the adoption of AI has left big banks vulnerable to a small group of Silicon Valley tech firms, posing risks such as outages and price gouging. However, the rating agency also stated that while integration requires substantial investment and creates risks, the financial sector's efforts will eventually increase revenues and cut costs across the City and Wall Street.
- Obsidian Plugin Abuse Delivers PHANTOMPULSE RAT in Targeted Finance, Crypto Attacks
A novel social engineering campaign is exploiting Obsidian, a note-taking app, to deliver PHANTOMPULSE RAT, a previously undocumented Windows remote access trojan targeting financial and cryptocurrency sector individuals. Elastic Security Labs has labeled the activity as REF6598, highlighting its use of Obsidian plugins as an initial access vector.