Data Breach Today

AUGUST 19, 2021

Menlo Security's Mark Guntrip on How to Learn to 'Defend Differently' On one hand, rapid cloud migration has been a boon to financial services organization. But it's also exposed some security weaknesses.

Financial Services 147

Financial Services Cloud Security IT 147

Data Breach Today

MAY 5, 2022

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Financial Services 236

Financial Services 236

Krebs on Security

JULY 23, 2020

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. The documents were available without authentication to anyone with a Web browser.

Insurance 327

Insurance Financial Services Mining Access 327

Data Breach Today

JULY 5, 2022

How can you leverage artificial intelligence and make sense of data from different industries to determine whether a customer is creditworthy or whether an account is a mule account? Guy Sheppard, general manager of financial services at Aboitiz Data Innovation, discusses a case study.

Artificial Intelligence 236

Artificial Intelligence Financial Services 236

Data Breach Today

MAY 28, 2020

Google: Hackers Using COVID-19 Phishing Themes to Target Businesses "Hack-for-hire" groups operating in India are spoofing World Health Organization emails to steal credentials from financial services and healthcare firms around the world, according to Google's Threat Analysis Group.

Financial Services 290

Financial Services Phishing 290

Krebs on Security

DECEMBER 10, 2020

Since then reams of data stolen from the company have been posted online, with the attackers promising to publish more in the coming days. But the company says the malware did not jeopardize card data, and that the incident was limited to administrative areas of its business. Total System Services Inc. NYSE:GPN ].

Ransomware 355

Ransomware Financial Services Access IT 355

Data Breach Today

MARCH 19, 2019

Key findings from a recent study that surveyed the state of adaptive authentication in FIs. In this webinar, OneSpan and ISMG summarize key findings from a recent study that surveyed the state of adaptive authentication.

Financial Services 182

Financial Services Authentication 182

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services 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? The answer is data lineage. Stakeholders?

Financial Services 90

Financial Services Cloud Metadata Digital transformation 90

Krebs on Security

JULY 1, 2021

Financial services giant Intuit this week informed 1.4 Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.

Financial Services 361

Financial Services Government Authentication IT 361

Data Breach Today

JULY 4, 2023

Cloud Adoption in Financial Services has Soared - as Has Security Risk Financial services organizations face unique cloud security challenges, due to special regulatory, data security and privacy considerations that don't necessarily apply to other industries.

Risk 270

Risk Financial Services Cloud Privacy 270

Data Breach Today

NOVEMBER 22, 2024

Also: Highlights from ISMG's Financial Services Summit and Key Insights on AI Adoption On the 200th episode of the ISMG Editors' Panel, the team discussed the major China-linked cyberespionage campaign targeting U.S.

Financial Services 264

Financial Services 264

Data Breach Today

AUGUST 25, 2023

Fresh Lawsuits Target Prudential, Plus Charles Schwab and Subsidiary TD Ameritrade Two financial services giants hit by the mass attack on MOVEit file-sharing software - Prudential and Schwab - are the latest victims to face lawsuits from affected individuals.

Data breaches 246

Data breaches Financial Services 246

Thales Cloud Protection & Licensing

NOVEMBER 13, 2023

Defending Financial Services 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 financial services organizations face is crucial.

Financial Services 104

Financial Services Blockchain Encryption Cloud 104

Data Breach Today

JULY 4, 2023

Cloud Adoption in Financial Services has Soared - as Has Security Risk Financial services organizations face unique cloud security challenges, due to special regulatory, data security and privacy considerations that don't necessarily apply to other industries.

Risk 243

Risk Financial Services Cloud Privacy 243

Data Breach Today

OCTOBER 16, 2021

TA505 APT Group delivers phishing email containing malicious links Researchers at Morphisec Labs have published fresh details about a new MirrorBlast campaign that they say is run by a Russia-based threat group TA505, targeting financial services organizations.

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Financial Services Phishing 345

Data Breach Today

JANUARY 10, 2024

Million Customers Notified of Breach; BlackCat Ransomware Group Claimed Credit Financial services giant Fidelity National Financial has confirmed that a November 2023 hack attack compromised personal information pertaining to 1.3 million customers of its LoanCare subsidiary.

Financial Services 308

Financial Services Ransomware IT 308

IBM Big Data Hub

MARCH 25, 2024

For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Across the financial sector, there are transition risks to consider as we move to a low-carbon economy. Financial services firms can use the tool for “what if?”

Financial Services 85

Financial Services Insurance Risk Agriculture 85

Data Breach Today

MAY 29, 2023

UK Financial Services Firms Record $1.5 Billion in Losses Last Year Due to Fraud Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance.

Financial Services 282

Financial Services 282

Data Breach Today

MAY 1, 2020

Top Victims Include Financial Services and Law Firms, Group-IB Warns A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB.

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Phishing Financial Services Security 334

Data Breach Today

MAY 10, 2021

50% of phishing attacks targeting financial services intend on stealing corporate login credentials View this session to learn why mobile threat exposures continue to increase & best practices for mitigating the threats.

Financial Services 218

Financial Services Cloud Phishing Security 218

Data Breach Today

APRIL 1, 2024

Prove's Mary Ann Miller on Strategies for Stronger ID Verification The banking and financial services industry will see a growth in scams and frauds perpetrated through fake businesses, incentivizing bad actors to continue creating these fraudulent entities, said Mary Ann Miller, a fraud and cybercrime executive advisor with Prove.

Financial Services 286

Financial Services 286

Data Breach Today

OCTOBER 17, 2024

Agency Details AI Cybersecurity Risks, Prevention, Mitigation Strategies Financial regulators with the state of New York on Wednesday published guidance to help organizations identify and mitigate cybersecurity threats related to artificial intelligence.

Artificial Intelligence 285

Artificial Intelligence Financial Services Cybersecurity Risk 285

Data Breach Today

JANUARY 4, 2024

Genpact VP of Payments Kristine Demareski on Harnessing Generative AI There are many potential uses for generative AI at financial services firms, but few are more promising than those in the areas of risk and fraud, said Kristine Demareski, vice president of payments at Genpact, which is already harnessing AI to increase efficiencies in analysts' (..)

Risk 289

Risk Financial Services 289

Data Breach Today

AUGUST 24, 2021

How Banks and Insurance Providers can Leverage Modern Solutions for Modern Fraud Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.

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Financial Services Insurance 130

Data Breach Today

MARCH 31, 2022

It also examines the invasion's impact on financial services and how to modernize security operations. This edition analyzes how hackers exploited a misconfigured VPN device, gained access to Viasat's satellite network and caused a massive outage in Europe as Russia's invasion of Ukraine began.

Financial Services 300

Financial Services Access Security IT 300

Thales Cloud Protection & Licensing

NOVEMBER 4, 2024

The Role of Secrets Management in Securing Financial Services madhav Tue, 11/05/2024 - 04:30 Secrets management is one of the top DevOps challenges. Let’s look at the role of secrets management for financial services. Secrets management for any business entails the safe handling, retrieval, and use of confidential data.

Financial Services 62

Financial Services Security Compliance Digital transformation 62

DLA Piper Privacy Matters

AUGUST 8, 2023

Authors: Carolyn Bigg, Amanda Ge and Venus Cheung On July 24, 2023, the People’s Bank of China (“ PBOC ”) released the Measures for the Management of Data Security in the Business Areas Falling into PBOC’s Jurisdiction (Draft for Comment) (“ Draft Measures” ) for public consultation, which closes on August 24, 2023.

Financial Services 98

Financial Services Personal data Compliance Data collection 98

Data Breach Today

AUGUST 23, 2021

million request-per-second (rps) distributed denial of service attack, almost three times larger than any previously reported HTTP DDoS attack. Million Request-Per-Second Attack Launched by 20,000 Bots, Cloudflare Says Security firm Cloudflare says it detected and mitigated a 17.2

Financial Services 130

Financial Services Security IT 130

Data Breach Today

MARCH 16, 2023

More Than 300,000 Customers Affected by Breach at Latitude Financial Services Australian personal lending provider Latitude Financial Services disclosed to regulators on Thursday hacking incidents affecting more than 300,000 consumers.

Financial Services 173

Financial Services 173

Data Breach Today

MAY 30, 2023

UK Financial Services Firms Record $1.5 Billion in Losses Last Year Due to Fraud Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance.

Financial Services 250

Financial Services 250

Data Breach Today

NOVEMBER 10, 2023

The LockBit Ransomware Operation May Have Exploited Citrix Bleed A ransomware attack affecting the New York financial services subsidiary of the Industrial and Commercial Bank of China resulted in disruptions to the U.S. Close observers of the criminal underground say ransomware-as-a-service group LockBit is responsible.

Ransomware 293

Ransomware Financial Services Marketing 293

Data Breach Today

JULY 23, 2020

Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.

Insurance 231

Insurance Financial Services Personal data Cybersecurity 231

WIRED Threat Level

JUNE 1, 2024

Data breaches at Ticketmaster and financial services company Santander have been linked to attacks against cloud provider Snowflake. Researchers fear more breaches will soon be uncovered.

Data breaches 145

Data breaches Financial Services Cloud Security 145

Data Breach Today

SEPTEMBER 22, 2022

$35 Million Fine From Securities and Exchange Commission Covers 5 Years of Mishaps Financial services giant Morgan Stanley will pay a $35 million fine to settle U.S. Securities and Exchange Commission charges that it failed to comply with rules requiring it to safeguard customer data as well as ensure it is disposed of properly.

Financial Services 231

Financial Services Security IT 231

Data Breach Today

AUGUST 7, 2023

Scammers Used Malware and Spoofed Domain Name to Trick UK Financial Services Firm A Nigerian national has pleaded guilty to participating in a business email compromise scheme that stole $1.25 million from a Boston investment firm.

Financial Services 246

Financial Services 246

OpenText Information Management

OCTOBER 1, 2024

OpenText is presenting the Financial Services Summit 2024 , which taking place on Oct. This exclusive in-person event focuses on harnessing AI to enhance trust and regulatory compliance in the financial services industry. For more information and registration, visit OpenText Financial Services Summit.

Financial Services 69

Financial Services Compliance Marketing Cloud 69

Data Breach Today

FEBRUARY 18, 2021

New York Warns of Theft of Consumers' Information Hackers are targeting vulnerabilities in websites offering instant quotes - especially those that provide auto insurance rates - to steal consumers' information, according to an alert from the New York State Department of Financial Services.

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Financial Services Insurance 264