Remove Accountability Remove Authentication Remove Financial Services
article thumbnail

Japan ’s FSA warns of unauthorized trades via stolen credentials from fake security firms’ sites

Security Affairs

Japan s Financial Services Agency (FSA) warns of hundreds of millions in unauthorized trades linked to hacked brokerage accounts. Japan s Financial Services Agency (FSA) reported that the damage caused by unauthorized access to and transactions on internet trading services is increasing.

article thumbnail

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. A lack of multifactor authentication (MFA) to protect privileged accounts was another culprit, at 10%, also 7 percentage points lower than average.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Solid Protocol Restores Digital Agency

Schneier on Security

Your personal information is scattered across hundreds of locations: social media companies, IoT companies, government agencies, websites you have accounts on, and data brokers you’ve never heard of. The current state of digital identity is a mess. It’s both redundant and inconsistent.

article thumbnail

African multinational telco giant MTN Group disclosed a data breach

Security Affairs

The company disclosed a data breach that exposed subscribers’ personal information, it added that the incident did not impact core network, billing system,s and financial services infrastructure. Our core network, billing systems and financial services infrastructure remain secure and fully operational.”

article thumbnail

SHARED INTEL Q&A: Forrester highlights why companies need to strive for ‘cryptoagility’– today

The Last Watchdog

Security domains where we anticipate the strongest impact, and ones where the technology vendors can be key partners for you in your migration efforts include certificate and key management, data encryption and digital signature, networking infrastructure, and authentication.

article thumbnail

AI-Driven Fraud and Impersonation: The New Face of Financial Crime

SecureWorld News

In early 2024, an employee at a Hong Kong firm joined what appeared to be a routine video meeting with her chief financial officer and colleagues. By the end of the call, she had authorized $25 million in transfers to overseas accounts. Financial transactions often involve urgency (e.g., Figure 1: Projected U.S.

article thumbnail

Luxury, Loyalty and Lateral Movement: Retail and Banking Attacks Surge

SecureWorld News

In a matter of days, three major cybersecurity incidents have hit the retail and financial services sectors, drawing renewed attention to supply chain vulnerabilities, credential-based attacks, and the increasing value of non-financial customer data. That's why MFA adoption remains low in many cases."