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CFPB’s Proposed Data Rules

Schneier on Security

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. Beyond these economic effects, the rules have important data security benefits.

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The Role of Threat Intelligence in Financial Data Protection

Security Boulevard

As the financial industry increasingly adopts digital processes, it faces a growing array of cybersecurity threats. These attacks, which include phishing, malware, […] The post The Role of Threat Intelligence in Financial Data Protection appeared first on Enzoic.

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GUEST ESSAY: Essential cyber hygiene practices all charities must embrace to protect their donors

The Last Watchdog

Charities and nonprofits are particularly vulnerable to cybersecurity threats, primarily because they maintain personal and financial data, which are highly valuable to criminals. These worrying statistics underscore the need to be more proactive in preventing security breaches. Keep software updated. Strengthen authentication.

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Defending Financial Services Against Fraud in a Shifting Cyber Landscape

Thales Cloud Protection & Licensing

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. billion annually.

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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

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. Headquartered in Columbus, Ga., Total System Services Inc.

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FFIEC API Security Guidance for Financial Services

Security Boulevard

In an era where technology is the cornerstone of the financial industry, safeguarding sensitive information and maintaining the integrity of data has become paramount. The Federal Financial Institutions […] The post FFIEC API Security Guidance for Financial Services appeared first on Cequence Security.

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US Treasury Warns of Cybersecurity Risks AI Poses to Financial Sector

SecureWorld News

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

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