The Last Watchdog

MAY 24, 2021

As a leading global content delivery network (CDN), Akamai has a birdseye view of what is coursing through cyber space moment-by-moment. billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. Here are excerpts of our discussion, edited for clarity and length.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

The Last Watchdog

JUNE 7, 2021

All tech companies have data, of course, but the only data that’s truly valuable and provides insights—actionable data—isn’t as universal as it should be. Teeming with shared, actionable data is the financial services industry. Related: Credential stuffing soars due to Covid-19.

Cybersecurity 168

Cybersecurity Financial Services Privacy Insurance 168

The Last Watchdog

NOVEMBER 9, 2020

The breach of a CFO’s home smart speaker Through the course of 2020, IoT-enabled attacks have manifested new wrinkles. In one very recent caper, the attackers targeted the CFO of a financial services firm, as he worked from home, Sherman says. The attackers successfully got a foothold on the exec’s MacBook.

IoT 279

IoT Passwords Risk Artificial Intelligence 279

Krebs on Security

JULY 21, 2022

. “There are just horrifying stories that run the gamut in terms of victims, from young women early in their careers, to senior citizens and even to people working in the financial services industry.” Nolan’s mentor had her create an account website xtb-market[.]com

Marketing 335

Marketing Communications Mining Financial Services 335

The Last Watchdog

SEPTEMBER 18, 2024

Their contributions help drive progress in securing our digital environments.” The full list of 2024 SC Awards winners: [link] About INE Security: INE Security is the premier provider of online networking and cybersecurity training and certification.

Cybersecurity 130

Cybersecurity Education Financial Services Communications 130

Krebs on Security

OCTOBER 7, 2022

who in April 2022 opened an investigation into fraud tied to Zelle , the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. Elizabeth Warren (D-Mass.), Bank , and Wells Fargo. ” Sen. Warren’s report is available here (PDF).

Passwords 292

Passwords Financial Services IT Phishing 292

Data Protector

JANUARY 29, 2017

The potential fine for not informing individuals, as their personal data is being collected, about retention periods is of course significant. Does it really mean that in 481 days, European privacy regulators will be heralding the first megafine for non-compliance with one of the GDPR’s more obscure requirements? I think not.

GDPR 136

GDPR Privacy Compliance Personal data 136

Data Protector

AUGUST 19, 2017

The larger companies - and particularly those in the financial services sector - will of course strive every sinew to comply, and will commission scarce consulting resource to help them. Of course not. But will all he smaller organisations have the luxury of experienced support?

GDPR 120

GDPR Compliance Records Management Financial Services 120

Collibra

NOVEMBER 26, 2024

In the last decade, nine new regulations have been added for financial services, yet the old ones remain firmly in place. Of course, there were internal factors, such as insufficient board oversight and low prioritization, which have influenced these results.

Government 52

Government Compliance Risk Digital transformation 52

IT Governance

NOVEMBER 23, 2023

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 97

Risk Data breaches Authentication Financial Services 97

IT Governance

OCTOBER 13, 2023

EvilProxy phishing campaign targets Microsoft 365 accounts via indeed.com A phishing campaign identified by Menlo Security has been targeting senior executives in various industries – most notably banking and financial services, property management and real estate, and manufacturing – since July.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

IT Governance

FEBRUARY 28, 2018

Healthcare was the most affected industry (76%) and financial services the least (45%). Our Phishing and Ransomware – Human patch e-learning course explains the threats that ransomware presents to organisations, and gives details of the resources available to help you understand and combat those threats. Key findings.

Education 67

Education Ransomware Phishing Financial Services 67

IBM Big Data Hub

NOVEMBER 29, 2023

Financial Services clients are increasingly looking to modernize their applications. Moreover, many of these financial services applications support regulated workloads, which require strict levels of security and compliance, including Zero Trust protection of the workloads.

Cloud 89

Cloud Financial Services Security Compliance 89

John Battelle's Searchblog

OCTOBER 28, 2011

Of course, were such a hypothesis true, one might imagine that the over percentage of GDP represented by government workers would have gone *down* over the past few decades. Not to mention retirement (from Social Security to 401ks, etc.). But they also show a rise in percent of GDP by government, due in the main to state and local increases.

Government 111

Government Education Military Financial Services 111

The Last Watchdog

NOVEMBER 13, 2018

Cybersecurity vendors, of course, have been responding. The new platform has been operating for some months in the production environments at 10 enterprises, including a Fortune 100 multinational financial services firm and a Fortune 500 cosmetics retailer. And the company was recently named a 2018 Gartner Cool Vendor.

Security 140

Security Digital transformation B2C Cloud 140

Rippleshot

JULY 17, 2020

This report underpins the impact COVID-19 is having on financial institution cloud technology investments and how advancements in machine learning-driven software will help them weather the storm. Of course, this will also open up the floodgates for another problem: New channels for fraudsters to exploit and monetize.

Artificial Intelligence 52

Artificial Intelligence Digital transformation Financial Services Cloud 52

Troy Hunt

SEPTEMBER 27, 2024

No, of course not; how could you? This isn't just a cat forum; it is a repository of credentials that will unlock social media, email, and financial services. Nothing else, just addresses and, of course, the association to the breached service. Is that likely to cause harm to people?

Data breaches 127

Data breaches GDPR Personal data Risk 127

Bill Schmarzo - Dell EMC

MARCH 5, 2018

I teach a “Solution Decomposition Process” course at the University of San Francisco as well as at other universities whenever I guest lecture (like I will be doing at NUI Galway, Ireland on March 16 from 6:00pm to 8:00pm ). Figure 3: PNC Financial Services Group 2015 Annual Report.

Artificial Intelligence 111

Artificial Intelligence Analytics Big data Mining 111

eSecurity Planet

SEPTEMBER 16, 2022

In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% Fraud.net offers specific solutions for a number of industries, including gaming, financial services, and eCommerce, as well as government organizations.

Analytics 115

Analytics Risk Authentication Financial Services 115

Hunton Privacy

FEBRUARY 22, 2024

It is interesting, but perhaps coincidental, that the filings seem limited to two broad industry groups: technology and financial services. Of course, the SEC filing is one piece of a much larger puzzle when a company is working through a cyber incident and related remediation. was necessary at the time of filing.

Cybersecurity 80

Cybersecurity Financial Services Marketing IT 80

erwin

NOVEMBER 14, 2019

Other highly regulated industries, like financial services, also face strict data privacy mandates, including those from the Basel Committee on Banking Supervision (BCBS) and the Financial Industry Regulatory Authority (FINRA). Of course, metadata management is at the heart of any data governance initiative.

Government 105

Government Data breaches Metadata GDPR 105

IT Governance

JULY 13, 2018

The report found that about 55% of social media attacks that impersonated customer-support accounts specifically targeted the customers of financial services companies. These simple techniques are used daily and continue to work in emails and on social media. Organisations need to educate their staff to be alert, vigilant and secure.

Phishing 57

Phishing Financial Services Education Risk 57

Rippleshot

SEPTEMBER 29, 2017

The Equifax breach that continues to make headlines is a game-changer for the financial services space. The biggest fear, of course, remains the unknown cost impact for banks and credit unions. Inevetiably, in a breach affecting roughly half the U.S. population, the scope of this incident will be long-lasting.

Financial Services 40

Financial Services Analytics 40

Reltio

DECEMBER 10, 2021

Reltio serves several retail, travel and hospitality, and financial services customers that experience significant seasonal spikes in their usage. Many customers, including those in financial services and healthcare, say using Reltio allowed them to adopt other cloud solutions more quickly and implement their “cloud-first” strategy.

MDM 98

MDM Analytics Digital transformation Cloud 98

IT Governance

DECEMBER 7, 2017

Organisations across many industries face the risk of data theft, but those in the financial services sector are particularly vulnerable to the loss of “propriety algorithms”, and recruitment agencies and estate agents risk losing highly valuable client databases.

Education 63

Education Information Security Financial Services Risk 63

eSecurity Planet

SEPTEMBER 21, 2024

Here’s a brief overview of industry-specific cybersecurity regulations: Financial Services Financial services firms are subject to stringent cybersecurity regulations to protect sensitive financial data. These regulations often include requirements for data encryption, access controls, and incident reporting.

Cybersecurity 121

Cybersecurity Computer and Electronics Compliance Privacy 121

IBM Big Data Hub

MAY 13, 2024

Financial services Employees in finance increasingly have enhanced tools to help them make better investments on behalf of their clients. Nearly 70% of financial services leaders believe at least half of their workforce requires upskilling in 2024.

Digital transformation 83

Digital transformation Education Financial Services Artificial Intelligence 83

erwin

MAY 16, 2019

Today there’s an unprecedented, rapid rate of change across all industry sectors, even those that have been historically slow to innovate like healthcare and financial services. Of course, focusing on future state (desired business outcome) first, helps to reduce the scope of current-state analysis and speed up the delivery of value.

Marketing 87

Marketing Financial Services Access IT 87

Info Source

SEPTEMBER 14, 2023

Of course, we had our own analysts, who discussed their recently completed research on the size and dynamics of the Capture & IDP market in 2022, as well as where it is heading over the next five years. We had a great line-up of speakers who discussed AI’s infusion into the market from a number of angles.

Marketing 52

Marketing CMS Financial Services Cloud 52

Data Matters

FEBRUARY 12, 2019

While it’s of course still too early to tell how the AG’s regulations will ultimately shake out, these forums nonetheless are valuable indications of what may be to come as businesses wrestle with several key questions for CCPA compliance. Verification of Consumer Requests – Clear Rules and Exempt Weak Identifiers.

Sales 73

Sales Privacy Data Privacy Compliance 73

eSecurity Planet

JANUARY 24, 2024

For teams in industries like financial services, healthcare, and government, the more specific the access rule, the better. For example, a private network for a hospital, financial services provider, or government agency will need highly restrictive rules, such as thorough blocklists and limited allowlists.

Access 110

Access Financial Services Security Compliance 110

eSecurity Planet

AUGUST 22, 2023

Of course, any damage isn’t ideal, but at what point would the business be in trouble? A CRM at a large financial services company might have an RTO of 15 minutes, while a storage archive for cold data may have an RTO of 12-24 hours. This varies between organizations.

Data breaches 98

Data breaches Big data Security Cybersecurity 98

Adam Levin

AUGUST 21, 2019

all the ways that can become manifest–is of course also complex. There may be modules to go through for employees, or PowerPoint courses, or quizzes. Transaction alerts from financial services institutions and credit card companies can help. Equifax settled recently on a penalty of more than $700 million.

Cybersecurity 55

Cybersecurity Phishing Passwords Financial Services 55

Data Matters

JANUARY 25, 2018

United Shore Financial Services, LLC , the plaintiff filed a putative class action against United Shore Financial Services (United Shore) and Xerox Mortgage Services, Inc. The Sixth Circuit’s decision has important implications for how forensic investigation findings and conclusions should be handled.

Data breaches 60

Data breaches Communications Financial Services Privacy 60

eSecurity Planet

OCTOBER 5, 2021

Banking, financial services, and insurance industries constitute the largest share of adopters, with North America leading adoption, according to Orbis Research. MFA for services. VPNs and traditional log-ins aren’t the only way hackers can access corporate data, of course.

Authentication 105

Authentication Passwords Access Computer and Electronics 105

AIIM

OCTOBER 22, 2019

Wider and more profitable opportunities exist for organizations to bridge the gap between paper and digital media, especially in traditionally paper-intensive fields such as financial services, healthcare, or government. What are the common issues with Scanning? Scanning is important, but it is not easy to do correctly.

Paper 123

Paper Computer and Electronics Access Archiving 123

Hunton Privacy

NOVEMBER 8, 2012

On October 29, 2012, the UK Information Commissioner’s Office (“ICO”) served private sector financial services company The Prudential Assurance Company Limited (“Prudential”) with a monetary penalty of £50,000 in connection with a serious violation of the Data Protection Act 1998 (“DPA”).

Financial Services 40

Financial Services Personal data IT Privacy 40