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

Security Affairs

JULY 25, 2024

According to the latest risk assessment published by Resecurity, terrorist groups are increasingly using cyberspace and digital communication channels to plan and execute attacks, as well as to conduct recruitment and establish anonymous communication channels (using apps like Session and their alternatives).

Risk 348

Risk e-Delivery Communications Financial Services 348

Data Breach Today

AUGUST 3, 2022

Supply chain risk must be part of an enterprisewide risk management program framework, says information security manager Matt Marciniak of financial service firm Quantile. Reducing risk requires an agile approach to supplier management, he says.

Risk 225

Risk Financial Services Information Security Security 225

Data Breach Today

NOVEMBER 10, 2020

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 financial services industry that includes expanded information on third-party risk and cloud security.

Risk 205

Risk Financial Services Cloud Security 205

Thales Cloud Protection & Licensing

OCTOBER 14, 2024

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.

Financial Services 62

Financial Services Cloud Compliance Authentication 62

Data Breach Today

OCTOBER 16, 2019

How can financial services institutions better protect employee passwords? One of the most common threat vectors plaguing financial services institutions is the employee password.

Financial Services 127

Financial Services Passwords Risk 127

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

JUNE 13, 2024

Department Is Asking for Information About How AI Is Used in Financial Products The financial services industry is no stranger to artificial intelligence - leading the sector's U.S.

Risk 173

Risk Artificial Intelligence Financial Services 173

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams.

Risk 234

Risk IT Financial Services Cybersecurity 234

Collaboration 2.0

SEPTEMBER 18, 2024

The move comes amid growing phishing attacks targeting the financial services sector; most impacted by brand impersonation scams.

Authentication 189

Authentication Financial Services Risk Phishing 189

Security Affairs

MARCH 14, 2022

While the Russia-Ukraine cyber conflict goes on, nation-state actors, crooks, and hacktivists continue to pose critical infrastructure at risk. Critical infrastructure is a privileged target for almost any kind of threat actor, the ongoing Russia-Ukraine cyber conflict is posing them at risk. ” reported researchers from Cyble.

Risk 246

Risk Financial Services Manufacturing Communications 246

The Last Watchdog

MARCH 24, 2025

Its a question of how much risk your organization is willing to take, based on the data you must protect and its long-term value. We recommend using Dr. Michele Moscas theorem of quantum risk against an optimistic vs. pessimistic probability analysis. This is where the concern of harvest now, decrypt later attacks apply.

Encryption 130

Encryption Financial Services Risk Libraries 130

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

SEPTEMBER 4, 2019

Ted Augustinos of Locke Lord LLP Addresses the Challenges Defining the scope of third-party risk is challenging, says Ted Augustinos of Locke Lord LLP, who discusses compliance with the New York Department of Financial Services' cybersecurity regulation.

Compliance 149

Compliance Risk Financial Services Cybersecurity 149

KnowBe4

MARCH 3, 2023

Financial services businesses are already in the sights of cybercriminals, and understanding how cyberattacks impact this sector specifically can help establish the need for improved preventative measures.

Financial Services 98

Financial Services Risk Phishing Security 98

Data Breach Today

JUNE 9, 2022

Jeetu Patel of Cisco Discusses the Critical Ability to 'Bounce Back' From Incidents With rising threats facing critical infrastructure sectors, such as healthcare and financial services, "society as a whole, and the safety of society is completely dependent on cyber risk" - and being security resilient, says Jeetu Patel of Cisco.

Financial Services 245

Financial Services Security IT Risk 245

Data Breach Today

SEPTEMBER 24, 2018

Qadium's Matt Kraning on Lessons Learned From Review of Top Financial Networks Financial service organizations have networks that are larger and more dynamic than ever - and so are their network security risks. Matt Kraning of Qadium shares the results of a new review and how organizations can respond to it.

Risk 140

Risk Financial Services Security IT 140

Dark Reading

DECEMBER 8, 2020

Financial services companies' experience in risk management serves them well when it comes to minimizing their cyber-risk.

Financial Services 91

Financial Services Compliance Cybersecurity Risk 91

Security Affairs

NOVEMBER 23, 2024

Microsoft states that phishing heavily targets financial services, risking losses like life savings. Multiple threat actors purchased the kits developed by Nady and used them in widespread phishing campaigns to steal credentials of Microsoft customer accounts.

Phishing 178

Phishing Financial Services Risk Access 178

Krebs on Security

JUNE 18, 2021

Under First American’s documented vulnerability remediation policies, the data leak was classified as a security weakness with a “level 3” severity, which placed it in the “medium risk” category and required remediation within 45 days. “The [employee] did not request a waiver or risk acceptance from the CISO.”

Insurance 330

Insurance Risk Financial Services Mining 330

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. Longer-term local climate change risks might still devalue property that hasn’t suffered damage. Financial services firms can use the tool for “what if?”

Financial Services 85

Financial Services Insurance Risk Agriculture 85

Data Breach Today

OCTOBER 31, 2018

Banks have a new tool available for developing cyber risk management programs. In an interview, architects of the Financial Services Sector Cybersecurity Profile, Denyette DePierro and Josh Magri, describe how to use it. They'll offer more details at ISMG's Legal & Compliance Summit in New York on Nov.

Risk 133

Risk Financial Services Compliance Cybersecurity 133

Security Affairs

OCTOBER 14, 2020

The payment of ransoms demanded by these criminals can incentivize further malicious cyber activity; benefit malign actors and fund illicit activities; and present a risk of money laundering, terrorist financing, and proliferation financing (ML/TF/PF), and other illicit financial activity.” ” continues the statement.

Ransomware 335

Ransomware IT Financial Services Data Privacy 335

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

Risk 145

Risk Cybersecurity Encryption Access 145

Security Affairs

MARCH 17, 2020

. “Whatever the intended purpose of this database was, over 500,000 highly sensitive and private legal and financial documents were exposed, compromising numerous parties to the risk of fraud and theft.” ” reads the post published by vpnMentor. The researchers discovered the unsecured database in December 2019.

Financial Services 357

Financial Services Access Privacy Security 357

Security Affairs

OCTOBER 29, 2021

“The government and the people of Papua New Guinea can be assured that the government financial services will continue as usual,” Pundari said. The government was not able to pay cheques and ordinary operations were impacted. “The Department is conscious of the security and integrity of its data.

Ransomware 307

Ransomware Financial Services Government Data breaches 307

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 Basel Committee released BCBS 239 as far back as 2013.

Financial Services 90

Financial Services Cloud Metadata Digital transformation 90

Data Protection Report

NOVEMBER 8, 2023

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. Class A companies are specifically required to: – conduct independent audits of their cybersecurity program based on their risk assessment (500.2(c));

Financial Services 111

Financial Services Cybersecurity Compliance Government 111

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Communications 306

Communications Financial Services Big data Retail 306

Security Affairs

APRIL 5, 2021

The report also highlights the risks of hardware-based attacks like the ThunderSpy attack targeting Thunderbolt ports, which use direct memory access (DMA) feature to compromise devices accessing to the Thunderbolt controller. Fortunately the level of awareness on firmware risk is increasing driving more invest in this area.

Cybersecurity 362

Cybersecurity Encryption Financial Services Risk 362

Collibra

JANUARY 9, 2025

The Basel Committee on Banking Supervision Principles for effective risk data aggregation and risk reporting (BCBS 239) outlines fourteen key principles to which banks need to adhere to for compliance. These risk data aggregation capabilities should meet all principles below simultaneously in accordance with BCBS 239 requirements.

Compliance 52

Compliance Risk Financial Services Access 52

Security Affairs

DECEMBER 26, 2023

The absence of robust identity protection programs will result in substantial economic losses for businesses (especially, financial services) and pose privacy risks for consumers.

Energy and Utilities 342

Energy and Utilities Artificial Intelligence Ransomware Data breaches 342

Data Breach Today

SEPTEMBER 23, 2021

CyberEdBoard Executive Member, Charmaine Valmonte, guest speaks at ISMG Virtual Cybersecurity Summit Asia: Financial Services Volmonte is VP, IT security and IT infrastructure, Aboitiz Group of Companies. She has more than 30 years of experience in the U.S. military and the private sector.

Security 173

Security Financial Services Military Risk 173

Security Affairs

APRIL 10, 2019

SAP April 2019 Security Patch Day addressed a High risk information disclosure issue in Crystal Reports tracked as CVE-2019-0285 (CVSS Base Score: 7.5). Another High risk vulnerability fixed by SAP is a spoofing attack flaw affecting NetWeaver Java Application Server.

Security 250

Security Financial Services Risk Access 250

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. On top of the time it requires, it can also expose organizations to security and compliance risks and increase the likelihood of human error.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Krebs on Security

APRIL 28, 2020

Fraud prevention company Next Caller said this week it has tracked “massive increases in call volumes and high-risk calls across Fortune 500 companies as a result of COVID-19.” “Particularly worrisome is the activity taking place in the financial services sector, where call traffic topped previous highs by 800%.”

Financial Services 363

Financial Services Sales Authentication Risk 363

Security Affairs

FEBRUARY 14, 2022

ECB warned that the rising risk from cyber attacks begun in 2020. “We In January, the New York Department of Financial Services warned financial institutions of retaliatory cyber attacks in response to US sanctions following the invasion of Ukraine. ” reported Reuters.

Financial Services 246

Financial Services Cybersecurity Risk Security 246