The UNC2891 hacking group, known as LightBasin, utilized a 4G-equipped Raspberry Pi to infiltrate a bank's network, aiming to commit ATM fraud. Although their attempt to deploy a sophisticated rootkit named Caketap was thwarted, the attack showcased advanced techniques for maintaining stealth and lateral movement within the bank's systems.

MainStreet Bancshares announced that customer data was stolen during a breach at a third-party vendor, affecting about 4.65% of its customer base. The bank confirmed that its own systems were not compromised and activated its incident response process immediately. Meanwhile, U.S. banking organizations are lobbying the SEC to repeal stringent reporting requirements for cybersecurity incidents introduced in late 2023, arguing they create unnecessary risks and complexities.

More than 31,000 banking passwords from Australian customers of major banks have been stolen and are being traded online, primarily due to malware infections on users' devices. Cybersecurity experts warn that these stolen credentials pose a significant risk of financial theft, as infostealer malware can capture a wide range of sensitive information. The rise in infostealer infections highlights the ongoing threat to personal security and the need for effective protective measures.

The rise of fintech has transformed the financial landscape, making money management more convenient through apps and digital services, but it has also introduced risks to the stability of banks due to decreased customer deposit stickiness. As easy transfers and competitive yields become the norm, traditional banking models face challenges, potentially leading to greater financial instability. Researchers emphasize the need for policymakers to understand these dynamics as fintech continues to evolve.