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Payments Expert Troy Leach on Regulations, Cloud and AI in the Financial Sector In the latest weekly update, Troy Leach, chief strategy officer at Cloud Security Alliance, joins ISMG editors to discuss preparing for new regulations, new requirements for third-party cloud penetration testing, and the opportunities and risks of AI in the financial sector. (..)
The Role of Secrets Management in Securing FinancialServices madhav Tue, 11/05/2024 - 04:30 Secrets management is one of the top DevOps challenges. Among respondents who cited cloud/DevSecOps as a top source of emerging security concern, 61% identified secrets management as a top DevSecOps challenge. This is a sobering fact.
Researchers at Menlo Labs uncovered a malicious email campaign targeting employees of banks and financialservices companies abusing Google Cloud Storage. The campaign targeted organizations in the US and the UK, the attackers have been abusing Google Cloud Storage to deliver payload. ” Menlo Labs concludes.
Digital transformation (DX) continues to drive growth across financialservices firms, creating new opportunities to increase revenue and foster innovation. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity.
2024 Thales Global Data Threat Report: Trends in FinancialServices madhav Tue, 10/15/2024 - 05:17 Financialservices (FinServ) firms are key players in the global economy. Among these businesses, human error was cited as the leading cause of cloud-based data breaches at 41% (10 points higher than the global number).
Data breaches at Ticketmaster and financialservices company Santander have been linked to attacks against cloud provider Snowflake. Researchers fear more breaches will soon be uncovered.
Menlo Security's Mark Guntrip on How to Learn to 'Defend Differently' On one hand, rapid cloud migration has been a boon to financialservices organization. But it's also exposed some security weaknesses.
Digital transformation (DX) continues to drive growth across financialservices firms, creating new opportunities to increase revenue and foster innovation. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity.
Cloud Adoption in FinancialServices has Soared - as Has Security Risk Financialservices organizations face unique cloud security challenges, due to special regulatory, data security and privacy considerations that don't necessarily apply to other industries.
The paper problem Financialservices workflows have always been heavily paper-based. For example, in … The post Three use cases for cloud fax in financialservices appeared first on OpenText Blogs.
Cloud Adoption in FinancialServices has Soared - as Has Security Risk Financialservices organizations face unique cloud security challenges, due to special regulatory, data security and privacy considerations that don't necessarily apply to other industries.
Defending FinancialServices Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financialservices organizations face is crucial.
Financialservices organizations migrating applications to the cloud need to think about cloud governance, applying appropriate policies and oversight, and compliance and regulatory requirements.
50% of phishing attacks targeting financialservices intend on stealing corporate login credentials View this session to learn why mobile threat exposures continue to increase & best practices for mitigating the threats.
As customer and partner expectations shift towards seamless digital flows, financialservices organizations are stepping up and taking a keen look at the business value that APIs can create for them and their customers.
It’s rise in popularity has helped drive a new trend for start-ups to go “Cloud Native,” erecting their entire infrastructure, from the ground up, leveraging cloudservices like Amazon Web Services, Microsoft Azure and Google Cloud. Editor’s note: LW has provided consulting services to Threat Stack.).
IBM Cloud completed its 2023 independent review of IBM Cloudservices and processes. What is the IBM Cloud Framework for FinancialServices? What is the IBM Cloud Framework for FinancialServices? What is the Agreed-Upon Procedures report?
The financialservices industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? That’s why data pipeline observability is so important.
From changing customer behavior and expectations, rapid innovation in digital technology, burgeoning regulatory requirements, and the macroeconomic environment, the very definition of financialservices is changing.
Josh Magri of the Cyber Risk Institute Describes Enhancements to 'Cyber Profile' The Cyber Risk Institute this week is releasing a new version of its "Cyber Profile" risk assessment framework for the financialservices industry that includes expanded information on third-party risk and cloud security.
Key recommendations for FinancialServices to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financialservices sector.
11, 2025, CyberNewswire — Gcore , the global edge AI, cloud, network, and security solutions provider, today announced the findings of its Q3-Q4 2024 Radar report into DDoS attack trends. The sectors critical online services and susceptibility to ransom-based attacks make it a prime target. Luxembourg, Luxembourg, Feb.
With most enterprises now adopting multi-cloud strategies to enhance flexibility, reduce vendor lock-in, and improve resilience, OpenText is dedicated to equipping our customers with the tools to excel in this dynamic, data-driven landscape. Today, at OpenText World 2024 in Las Vegas, we proudly unveil Cloud Editions (CE) 24.4.
In pulling off that milestone hack, Paige Thompson took advantage of CapOne’s lack of focus on cloud security as the banking giant rushed headlong into leveraging Amazon Web Services. A slew of new cloud-security frameworks have gained traction since the Capital One hack. Here are the key takeaways: Cloud migration risks.
ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financialservice companies, law firms, and real estate groups. Cloud based corporate services, such as MS Sway, introduce new challenges to traditional cyber risk management frameworks.
OpenText is presenting the FinancialServices Summit 2024 , which taking place on Oct. This exclusive in-person event focuses on harnessing AI to enhance trust and regulatory compliance in the financialservices industry. For more information and registration, visit OpenText FinancialServices Summit.
The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.
We met at Black Hat USA 2019 , where Baffin Bay touted its cloud-first, full-stack suite of threat protection services. million and grown to 42 employees, winning customers in leading media firms, financialservices companies and government agencies in the Nordics. Makes sense.
million unique email addresses, NordLocker found, for an array of different apps and services. These included logins for social media, online games, online marketplaces, job-search sites, consumer electronics, financialservices, email services, and more. The 26 million login credentials held 1.1 Pierluigi Paganini.
Embracing new ways of working in financialservices. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financialservices is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times.
Security researchers warn of three new zero-day vulnerabilities in the Kaseya Unitrends service. Kaseya Unitrends is a cloud-based enterprise solution that provides affordable, low-maintenance data protection offering to complement existing client backup and recovery solutions.
From the very beginning of the cloud computing era, security has been the biggest concern among enterprises considering the public cloud. In addition, 95 percent of survey respondents confirmed that they are extremely to moderately concerned about public cloud security. What is cloud security?
MyPayrollHR , a now defunct cloud-based payroll processing firm based in upstate New York, abruptly ceased operations this past week after stiffing employees at thousands of companies. The company that handled that process for MyPayrollHR is a California firm called Cachet FinancialServices.
New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of FinancialServices (NYDFS) is November 1, 2024.
Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financialservice and insurance industries. Mobius fits within these specifications as it is hosted in private, public or hybrid cloud environments and leverages AI to streamline workflows.
As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.
Cloud migration, obviously, is here to stay. But there’s no doubt that the exodus to a much greater dependency on hybrid cloud and multi-cloud resources – Infrastructure-as-a-Service ( IaaS ) and Platforms-as-a-Service ( PaaS ) – is in full swing. Those findings were eye-opening, yes.
The paper problem Financialservices workflows have always been heavily paper-based. For example, in … The post Three use cases for cloud fax in financialservices appeared first on OpenText Blogs.
The secret to mainstreaming the mainframe into today’s modern, cloud-centric IT environments is to make the experience of working with the mainframe like the experience of working off the mainframe—especially the developer experience (DX). The IBM Z and Cloud Modernization Stack runs on Red Hat OpenShift on AWS.
IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage. Here is how IBM Cloud Object Storage supports clients’ goals and addresses these new challenges.
New York City based Sisense has more than 1,000 customers across a range of industry verticals, including financialservices, telecommunications, healthcare and higher education. ” “We are taking this matter seriously and promptly commenced an investigation,” Dash continued.
Israeli man sentenced to 80 months in prison for providing hacker-for-hire services Russian APT Gamaredon uses USB worm LitterDrifter against Ukraine The board of directors of OpenAI fired Sam Altman Medusa ransomware gang claims the hack of Toyota FinancialServices CISA adds Sophos Web Appliance bug to its Known Exploited Vulnerabilities catalog (..)
FinancialServices clients are increasingly looking to modernize their applications. This may be in any of the environments that Hybrid Cloud supports (on premises, on a private cloud, on a public cloud or on the edge). IBM Cloud Satellite provides a true hybrid cloud experience.
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