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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. 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.
Analyzing the Email Security Landscape and exploring Emerging Threats and Trends. In the ever-shifting digital arena, staying ahead of evolving threat trends is paramount for organizations aiming to safeguard their assets. Amidst this dynamic landscape, email stands as a primary battleground for cyber defense.
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. Q3-Q4 2024 highlights Compared to Q3Q4 2023, the number of DDoS attacks have risen by 56%, which highlights a steep long-term growth trend.
Rob Dartnall of Security Alliance Shares Insights on Current and Emerging TrendsFinancialservices firms in Africa are becoming bigger cyber targets as they expand into new mobile payment and financial inclusion products.
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.
Resecurity, a Los Angeles-based cybersecurity company protecting Fortune 100 and government agencies worldwide, has compiled a comprehensive forecast outlining the imminent threats and novel security challenges anticipated in the upcoming year. Recent U.S.
Security experts from Bitdefender recently discovered a new TrickBot variant that is targeting telecommunications organizations in the United States and Hong Kong. For example, in February 2019 Trend Micro detected a variant that includes a new module used for Remote App Credential-Grabbing. Pierluigi Paganini.
Google Threat Analysis Group (TAG) has published today its first TAG quarterly report that analyzes rising trends in nation-state and financially motivated attacks. The Google Threat Analysis Group (TAG) is a group inside the Google’s security team that tracks operations conducted by nation-state actors and cybercrime groups.
Researchers from security firms Profero and Security Joes linked a series of ransomware attacks to the China-linked APT27 group. Security researchers from security firms Profero and Security Joes investigated a series of ransomware attacks against multiple organizations and linked them to China-linked APT groups.
The Trickbot banking trojan continues to evolve, Trend Micro detected a new variant that includes a new module used for Remote App Credential-Grabbing. The infamous Trickbot banking trojan is back, experts at Trend Micro detected a new strain of the malware using an updated info-stealing module. Trend Micro experts explained.
A Pennsylvania credit union is suing financial industry technology giant Fiserv , alleging that “baffling” security vulnerabilities in the company’s software are “wreaking havoc” on its customers. Most alarmingly, this security control was purely illusory.
Security researchers at Proofpoint researchers discovered two strains of malware tracked as ServHelper and FlawedGrace distributed through phishing campaigns by the TA505 crime gang. “In November 2018, TA505 , a prolific actor that has been at the forefront of this trend, began distributing a new backdoor we named “ServHelper”.
One of the top findings from the 2018 Thales Data Threat Report, FinancialServices Edition was that data breaches in U.S. financialservices organizations are increasing at an alarming rate. Another “canary in the coal mine” episode showcasing this trend happened just last week, with a sizeable breach of HSBC U.S.
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 cloud services like Amazon Web Services, Microsoft Azure and Google Cloud. Security burden. Rising API exposures are another big security concern, by the way.
The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financialservices industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. This is something we’re likely to see more of this year.
The post 19-Year-Old man arrested for misusing leaked record from Optus Breach appeared first on Security Affairs. Follow me on Twitter: @securityaffairs and Facebook. Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini. SecurityAffairs – hacking, Optus).
Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financialservice and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.
Much more effective authentication is needed to help protect our digital environment – and make user sessions smoother and much more secure. Underscoring this trend, Uber was recently hacked — through its authentication system. Underscoring this trend, Uber was recently hacked — through its authentication system.
FinancialServices Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financialservices organizations need to adapt to a shifting global environment.
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. Related: How credential stuffing fuels account takeovers.
Those who fail to take a proactive approach to secure their data often learn the hard way how vulnerable – and valuable – that data can be. Data sovereignty plays a crucial role in a robust security strategy. When data is sovereign, an organization retains control and ownership over that data.
The scope of a records and information management (RIM) program in financialservices can seem overwhelming. Compared to other industries, the complexities of managing records and information in financialservices are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.
Over the past two years, this trend has greatly accelerated, and working practices have been transformed for many workers and organizations. Yet, with all these changes, the specter of security breaches remains high. Meanwhile, there has also been a shift to a Zero Trust security approach. Strategy reassessment needed.
That experiment conducted by a reporter for The Atlantic crystalizes the seemingly intractable security challenge businesses face today. This trend has greatly expanded the attack surface for malicious botnets to automatically probe and infiltrate company networks, at scale.
The Future of Payments Security. The increasing trend of using mobile payments for in-store purchases (especially during the pandemic) is leading criminals to increasingly focus their efforts on defrauding people through online fraud and scams. during the transaction process without the knowledge of both customer and service provider.
The Most Popular Data Security Webinars of 2022: Sovereignty, Cloud Security and Compliance Top the List. Throughout 2022, Thales hosted more than 40 webinars on a wide variety of cybersecurity topics, including, cloud security, data sovereignty, compliance, data threat trends, and rethinking approaches to role-based authentication.
Related: Preserving the privacy of the elderly As more traders and investors engage in these investment avenues, it is crucial to adopt robust security measures to safeguard sensitive and regulated information. Continuous threat detection is a proactive approach to maintaining trading environment security.
On February 4, 2021, the New York Department of FinancialServices (NYDFS) issued Circular Letter No. The post New York Department of FinancialServices Issues First Guidance by a U.S. Issuance of the Framework is notable as it represents the first official guidance by a U.S. 1 See W.B.
With almost every aspect of business becoming more digital, enterprise network security software minimizes the impact of cyberattacks — especially as guarding against them protects a company’s operations and safeguards its competitiveness in a fast-moving marketplace. Top network security tools. Network Security Product.
Akamai, which happens to be the Hawaiian word for “smart,” recently released its annual State of the Internet security report. billion hitting financialservices organizations — an increase of more than 45 percent year-over-year in that sector. billion web attacks globally; 736 million in the financialservices sector.
The role of chief data officer (CDO) is becoming essential at forward-thinking organizations — especially those in financialservices — according to “ The Evolving Role of the CDO at Financial Organizations: 2021 Chief Data Officer (CDO) Study ” just released by FIMA and sponsored by erwin. Manual processes remain.
On July 21, 2020, the New York State Department of FinancialServices (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for FinancialServices Companies, 23 N.Y.C.R.R.
These trends, while not exhaustive, are top of mind for us as we work with our customers and partners to implement modern cloud-based master data management (MDM) solutions that make data-driven decisions, interactions, and operations possible. Cloud-based MDM solutions can help organizations maximize the value of their AI initiatives.
While digital transformation has been a trend for some years, emerging technologies have made this movement even more important. They face an ever-increasing cadre of startups and established organizations, all of whom are also trying to keep up to date on digital transformation trends to achieve a competitive edge.
I had the chance to visit with , senior scientist at NTT Research’s Cryptography & Information Security (CIS) Lab , to learn more about the progress being made on a promising concept called “privacy preserving aggregate statistics.” LW provides consulting services to the vendors we cover.) I’ll keep watch and keep reporting.
That’s why we’ve launched the 2024 CXO Insights Guide on Data & AI , a comprehensive resource packed with the latest research, industry trends, and real-world solutions to today’s most pressing data challenges. This is particularly troubling as businesses look to AI to unlock deeper insights and drive decision-making.
And innovation is percolating among newer entrants, like PerimeterX, Shape Security and Signal Sciences. This week a new entrant in this field, Cequence Security , formally launched what it describes as a “game-changing” application security platform. Shifting security challenge.
Financialservices, health, home security, governance and all other mission critical services are now provided online. Despite the reluctance to read long and complex privacy policies, recent trends show that users do care about online privacy of their data. Related: What happened to privacy in 2021.
The role of chief data officer (CDO) is becoming essential at forward-thinking organizations — especially those in financialservices — according to “ The Evolving Role of the CDO at Financial Organizations: 2021 Chief Data Officer (CDO) Study ” just released by FIMA and sponsored by erwin. Manual processes remain.
Cyberattacks are on the rise, with cyber criminal trends and techniques becoming increasingly sophisticated and creative. Also read: The Best Wi-Fi 6 Routers Secure and Fast Enough for Business. Ransomware is the fastest-growing trend. Capital markets, insurance, financialservices, and banking are now online.
Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financialservices space. That prediction proved correct. Mirai Still on the Loose.
By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financialservices are delivered. Furthermore, they should consider how they are keeping their data secure and compliant, especially given the evolving security-threat landscape and regulatory concerns.
Thales & Prime Factors’ 30 Year Collaboration Continues to Deliver Simplicity, Flexibility, and Security for Payment Applications madhav Thu, 09/14/2023 - 10:25 Thales recently announced the launch of the payShield Cloud HSM service , making it easier and more flexible for payment HSMs to migrate to the cloud.
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