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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. The Dangers of Emerging Technology Trends When asked about emerging concerns, quantum computing threats came up unsurprisingly.
As we head into 2022, it’s clear that the FinancialServices industry overall has responded well to the impact of COVID-19 — but it hasn’t emerged unscathed. In fact, McKinsey’s Global Banking Review states that half of banks are not covering their cost of equity.
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.
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.
Google Threat Analysis Group (TAG) has published today its first TAG quarterly report that analyzes rising trends in nation-state and financially motivated attacks. A first scaring trend reported by Google is the rising of hack-for-fire companies currently operating out of India.
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.
Key trends: 1️ Increased Ransomware Activity Targeting Public Companies Ransomware groups are poised to intensify their focus on publicly-traded organizations. Recent U.S. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, 2024 Cyber Threat Landscape Forecast)
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.
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.
For example, in February 2019 Trend Micro detected a variant that includes a new module used for Remote App Credential-Grabbing. ” The module appears to be under development, but experts pointed out that threat actors already used it to target organizations, mostly in telecoms, education, and financialservices sectors.
“In November 2018, TA505 , a prolific actor that has been at the forefront of this trend, began distributing a new backdoor we named “ServHelper”. “On December 13, 2018, we observed another large ServHelper “downloader” campaign targeting retail and financialservices customers.” ” concluded Proofpoint.
defense contractors , financialservices firms, and a national data center in Central Asia. If APT27 focuses on cyberespionage, Winnti is known for its financial motivation. . The experts attribute the attacks to the Chinese cyberespionage group APT27 (aka Emissary Panda , TG-3390 , Bronze Union , and Lucky Mouse ).
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. Digital Transformation is More Than Scanning Paper Documents.
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.
Underscoring this trend, Uber was recently hacked — through its authentication system. It’s no surprise that passwordless authentication is at the core of Gartner’s report on emerging technologies and trends for 2022. Fortunately, there’s a growing trend towards passwordless, continuous authentication.
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.
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.
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. Start Free Demo.
Over the past two years, this trend has greatly accelerated, and working practices have been transformed for many workers and organizations. Organizations, such as financialservices or government, deal with sensitive information and prefer a private cloud model with greater control over the security of applications, users, and data.
DSARs: latest trends. Every financialservices organisation will have been subject to a DSAR in order to obtain information as a pre-cursor to a claim against them for mis-selling a service or breaching an agreement in some way.
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.
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.
FinancialServices. And, since financial institutions have extraordinary amounts of money on hand, it’s not surprising they’re prime targets for cybercriminals. There’s an emerging trend of banks hiring ethical hackers to find vulnerabilities and test existing safeguards.
. “MSF was the target of a suspected third-party attack,” the company said, noting that it was working with the FBI, the California Sheriff’s Office, and the Tribal Commission for Lake County, Calif. “Ultimately, MSF confirmed that these trends were part of an attack that originated outside of the company.”
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.
billion hitting financialservices organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financialservices. billion web attacks globally; 736 million in the financialservices sector. A: Everything.
These challenges are intensified in industries that handle large volumes of sensitive data under stringent regulations , such as financialservices, healthcare, and government sectors. About the Author : Stefanie Shank.
The push for greater digital transformation across the financialservices market isn't just changing the face of the front-end customer experience, it's rapidly-impacting how banks invest in back-end technologies that detect and mitigate emerging fraud threats.
“Banks should take this trend as a warning sign,” Schaus wrote. “Rather than delivering new innovations that banks and their customers crave, legacy vendors are looking to remain relevant by acquiring existing products and services that expand their portfolios into new areas of financialservices.
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. As the speed of innovation increases, there is also a correlated rise in security risks.
Boyle Boyle pointed out how companies across all industries — healthcare, financialservices, energy and consumer goods – could immediately leverage this new approach in way that would allow them to begin to extract much more useful insights from the data lakes of consumer data swelling somewhat randomly.
Staying current on the latest trends, emerging threats and industry best practices is crucial to security. He has over 25 years of global leadership experience within the financialservices industry, having spearheaded development across Electronic Trading, OMS, Risk, Compliance and Data.
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. But these accounts are not all about networking and games.
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. Start Free Demo.
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. Trends in Cloud Security: Key Findings from the 2022 Cloud Security Study. Thu, 01/12/2023 - 05:54.
Some of the user groups Collibra offers: Industry-specific groups: Financialservices, healthcare, life sciences, insurance, higher education and more Regional groups: Chicago, UK, Canada, Benelux and Nordics, DACH (and growing!)
By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financialservices are delivered. Founded in the UK in 2020, MySocialPulse has continued to scale its business by leveraging both cloud and AI technologies from IBM.
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. DDoS Attacks on the Rise. That prediction proved correct.
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