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Account Takeover Fraud Declines in Financial Services

Data Breach Today

Tighter Security Controls Help Stop Fraud, But Fake IDs and Web Scraping Are Rising Account takeover fraud in the financial services industry is declining in contrast with other industries such as retail and hospitality.

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ICICI Bank exposed credit card data of 17000 customers

Security Affairs

ICICI Bank, a major private bank in India, mistakenly exposed the sensitive data of thousands of new credit cards to unintended recipients. ICICI Bank, one of the leading private banks in India, accidentally exposed data of thousands of new credit cards to customers who were not the intended recipients.

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Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity

Thales Cloud Protection & Licensing

Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity sparsh Tue, 11/21/2023 - 05:01 As global consumers gear up for the much-anticipated shopping bonanza that is Black Friday and Cyber Weekend, retailers brace themselves for the frenzied onslaught of shoppers and the deluge of cyber threats lurking in the shadows.

Retail 83
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2024 Thales Global Data Threat Report: Trends in Financial Services

Thales Cloud Protection & Licensing

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Nearly two-thirds (64%) of FinServ said it’s more complex to secure data in the cloud than on-prem, compared to 55% of general respondents.

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How Can We Secure The Future of Digital Payments?

Thales Cloud Protection & Licensing

The financial services ecosystem has evolved tremendously over the past few years driven by a surge in the adoption of digital payments. Our data shows us that in the first quarter of 2020, there was a larger shift to digital payment forms in 10 weeks than we had seen in the preceding five years. Tue, 01/11/2022 - 06:35.

Retail 126
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Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor

Thales Cloud Protection & Licensing

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Thu, 09/01/2022 - 05:15.

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New York Department of Financial Services Issues Guidance Regarding Life Insurers’ Use of External Consumer Data in Underwriting

Data Matters

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.