Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. mandates that account data storage is kept to a minimum by implementing data retention and disposal policies, procedures, and processes.

Financial Services 78

Financial Services Data breaches Accountability Encryption 78

CyberSecurity Insiders

JUNE 28, 2021

While previously all this personal and financial information was controlled by your bank, PSD2 required all banks in the EU to create application programming interfaces (APIs) – a technology infrastructure that provides a secure and effective way to expose this data – and then share them with officially approved third parties.

Banking 133

Banking Financial Services Authentication Technology 133

Krebs on Security

MAY 3, 2019

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. based Fiserv [ NASDAQ:FISV ] is a Fortune 500 company with 24,000 employees and $5.8

Banking 188

Banking Accountability Passwords Technology 188

Malwarebytes

DECEMBER 1, 2022

Like other ransomware groups, its threat actors use double extortion tactics, predominantly targeting organizations in the US in five critical infrastructure sectors: critical manufacturing, financial services, government facilities, healthcare and public health, and information technology.

Ransomware 90

Ransomware Financial Services Accountability Malware 90

Pen Test Partners

OCTOBER 2, 2023

TL;DR: Stop asking customers to verify themselves Reduce friction and annoyance Empower your staff to be more effective Develop an alternative model that works best for you I’m sure we’ve all experienced authenticating ourselves when calling a company. Technology and automation can help here. What about the other way round?

Authentication 52

Authentication Healthcare Financial Services Accountability 52

Adam Levin

NOVEMBER 17, 2020

Credit cards offer markedly better fraud protections than debit cards , which connect directly to your bank account. Virtual credit cards similarly allow online shoppers to mask their financial accounts. Many financial institutions offer free transaction alerts that notify you when charges hit your account.

Scams 243

Scams Retail Banking Passwords 243

Security Boulevard

JUNE 26, 2023

Data breaches caused by weak security measures and procedures result in severe monetary losses, erosion of clients’ trust, and irreversible reputation damage to organizations in the healthcare, financial services, technology, and retail industries, as well as government and public sector entities.

Data breaches 52

Data breaches Healthcare Telecommunications Financial Services 52

Duo's Security Blog

JUNE 28, 2022

And one of the few security technologies that is specifically called out by the FTC is multi-factor authentication (MFA). Multi-factor authentication helps security teams control access to sensitive data. For companies that are new to this technology, it can seem intimidating. What is the FTC’s Safeguards Rule?

Authentication 52

Authentication Financial Services Technology Information Security 52

Security Affairs

MARCH 29, 2022

Then, they enter those accounts for the purpose of abusing permissions, siphoning out data, or both. Also, with the massive push to remote work, XaaS technologies and the rush to the convenience of apps, companies are relying heavily on APIs which are often underprotected. How credential stuffing attacks work.

Passwords 73

Passwords Authentication Data privacy Accountability 73

The Last Watchdog

MAY 17, 2021

Related: How credential stuffing fuels account takeovers. 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. The summer of 2019 was a heady time for the financial services industry.

Cloud Migration 214

Cloud Migration Banking Firewall Software 214

Security Affairs

MARCH 8, 2022

. “As of January 2022, the FBI has identified at least 52 entities across 10 critical infrastructure sectors affected by RagnarLocker ransomware, including entities in the critical manufacturing, energy, financial services, government, and information technology sectors,” reads the FBI’s flash alert.

Ransomware 83

Ransomware Financial Services Passwords VPN 83

SC Magazine

JULY 2, 2021

and a payments network operator, the Federal Reserve is also tasked with supervising technology service providers, and researching the design and inherent risk of payment systems. “In Such discoveries would no doubt prove useful to the financial services community at large.

Financial Services 71

Financial Services Banking Identity Theft Media 71

CyberSecurity Insiders

NOVEMBER 1, 2022

The cybersecurity sector has the opportunity and means to alleviate fears and be at the forefront of the adoption of this revolutionary technology. APIs enable the efficient exchange of data between applications, services, and customers and can be safely used as long as security and access is properly secured.

Banking 119

Banking Authentication Risk Cybersecurity 119

Security Affairs

AUGUST 16, 2023

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” The content of the message attempt to trick the recipient into scanning the code to verify their account. ” continues the report.

Phishing 84

Phishing Energy and Utilities Insurance Manufacturing 84

CyberSecurity Insiders

JUNE 4, 2021

In addition to the above, the pandemic has permanently shifted the role of digital payment technology. So, how can we ride the digital wave for financial services and shape an innovative mobile experience that customers use in the long term? All this happens before the customer receives their physical card.

Mobile 64

Mobile Banking Digital transformation Technology 64

SiteLock

AUGUST 27, 2021

This could then be used to gain access to your website accounts. I want to reiterate that this bug was limited to Cloudflare’s technology, specifically in how it was using a Ragel -based parser and NGINX in its caching mechanisms — SiteLock TrueShield™ WAF/CDN does not use either of these technologies and is not impacted by this bug.

Passwords 52

Passwords Financial Services Engineering Technology 52

Security Boulevard

JUNE 16, 2021

Fast forward to 2021, the European Banking Authority passed the Strong Consumer Authentication (SCA)—a PSD2 requirement—for payment service providers to make online payments more secure and prevent financial fraud. banks have failed to provide a sandbox for third-party service providers by the deadline. The reason? .

Banking 122

Banking Marketing Financial Services Retail 122

McAfee

DECEMBER 23, 2019

It comes as no surprise that financial services, insurance, and healthcare were popular targets, given their proximity to sensitive, easily-monetizable data. Lack of Appropriate Authentication/Credentials for Sensitive Data. Application misconfigurations were responsible for two of 2019’s most prominent data breaches.

Healthcare 54

Healthcare Insurance Artificial Intelligence Authentication 54

LRQA Nettitude Labs

JULY 5, 2023

The exploding popularity of AI and its proliferation within the media has led to a rush to integrate this incredibly powerful technology into all sorts of different applications. In the initial stages of implementation, regulators might provide guidance on how to demonstrate accountability.

Artificial Intelligence 52

Artificial Intelligence Data privacy Social Engineering Risk 52

SecureWorld News

APRIL 4, 2022

The most frequent targets of leakware are hospitals, law firms, and financial services organizations. Adopt cloud services. Many companies in various industries have made digital transformations, as new and emerging technologies offer plenty of benefits. According to the U.S. Prioritize employee cybersecurity training.

Digital transformation 84

Digital transformation Ransomware Phishing Small Business 84

SecureWorld News

SEPTEMBER 15, 2020

Here is how cybercriminals carried out the attack: "A preliminary review indicates these unauthorized users gained access to the application to change financial information and divert payments from VA by using social engineering techniques and exploiting authentication protocols. How large was the VA data breach?

Data breaches 52

Data breaches Social Engineering Financial Services Government 52

Security Boulevard

OCTOBER 19, 2022

509 certificates to authenticate and secure communication between Kubernetes workloads, containers, clusters and microservices. million downloads per day across industries including financial services, technology, retail, healthcare and manufacturing. We’re excited to see how developers use cert-manager as it evolves.”.

Retail 69

Retail Software Marketing Engineering 69

The Last Watchdog

NOVEMBER 9, 2020

The good news is that we already possess the technology, as well as the best practices frameworks, to mitigate fast-rising IoT exposures. Hacking collectives are very proficient at “exploiting weak authentication schemes to gain persistence inside of a targeted network,” Sherman says. This surge can, and must, be blunted.

IoT 279

IoT Healthcare Internet Internet 279

SecureList

FEBRUARY 23, 2022

We look at phishing threats commonly encountered by users and companies as well as the prevalence of various Windows and Android-based financial malware. The term is also used to describe malware seeking access to financial organizations’ IT infrastructures. of those attacks were related to financial phishing.

Banking 95

Banking Phishing Cryptocurrency Malware 95

CyberSecurity Insiders

JUNE 16, 2021

With the average person now spending 2 hours and 51 minutes on their phone each day, service providers like ecommerce sites and entertainment channels have had to adapt their interfaces so that they also work on a smartphone. The financial services industry is no exception. Why is this possible?

Banking 84

Banking Authentication Mobile Financial Services 84

SecureWorld News

SEPTEMBER 10, 2020

The company says that ransomware accounted for 41% of cyber claims. These industries include consumer businesses, healthcare, and financial services. The broad adoption of technology by organizations across all sectors has created new opportunities for cybercriminals. "The And the most popular attack vector was phishing.

Cyber Insurance 56

Cyber Insurance Insurance Ransomware Cyber Attacks 56

SecureList

MARCH 29, 2023

Security solutions integrated into operating systems, two-factor authentication and other verification measures have helped reduce the number of vulnerable users. BlueNoroff developed an elaborate phishing campaign that targeted startups and distributed malware for stealing all crypto in the account tied to the device. of attacks.

Banking 72

Banking Phishing Cryptocurrency Mobile 72

Centraleyes

DECEMBER 17, 2023

Established by the main major credit card financial companies back in 2004 (American Express, Discover Financial Services, JCB International, Mastercard and Visa), the standard has evolved over the years and is currently at version 4.0. Important Note: PCI DSS current version, Version 3.2.1, Key Modifications PCI DSS 4.0

Passwords 52

Passwords Computers and Electronics Software Risk 52

Thales Cloud Protection & Licensing

JANUARY 22, 2024

Because while the goal – opening a bank account – remains the same, consumer expectations, the process itself, and the security measures involved have all been redefined. Passkeys, replacing passwords, emerge as the superior authentication choice. Device-bound passkeys are uniquely tied to a single device, ensuring SCA compliance.

Banking 78

Banking Authentication Identity Theft Mobile 78

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Cyberattack Statistics.

Backups 141

Backups Ransomware Firewall Malware 141

SecureList

MARCH 31, 2021

Traditionally, the study covers the common phishing threats encountered by users, along with Windows and Android-based financial malware. In this research, by financial malware we mean several types of malevolent software. of those were related to financial phishing – 14.2 The new financial threat market player.

Banking 119

Banking Phishing Malware Mobile 119

CyberSecurity Insiders

APRIL 30, 2021

Earlier this month , popular Hollywood actor Tom Cruise was trending on social media not because of a new film that he’s working on, but thanks t o TikTok videos that went viral , generating many reactions from users around the ir authenticity. . one business leader fell victim to a deepfake scam ?where

Technology 93

Technology Authentication Media Accountability 93

The Last Watchdog

MAY 24, 2021

Some instructive fresh intelligence about how cyber attacks continue to saturate the Internet comes to us from Akamai Technologies. billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. Financial services is, and always will be, a top target for criminals.

Financial Services 178

Financial Services Passwords Media Data breaches 178

ForAllSecure

JUNE 16, 2021

And in May of 2021 Researchers disclosed that the Peloton API authentication was broken. Wilde: Now, for me the storyline was interesting right so when it was reported I think in late January, it was completely open right like this is right no authentication at all because well we didn't tell anybody about it.

Hacking 52

Hacking Mobile Authentication Internet 52

ForAllSecure

JUNE 16, 2021

And in May of 2021 Researchers disclosed that the Peloton API authentication was broken. Wilde: Now, for me the storyline was interesting right so when it was reported I think in late January, it was completely open right like this is right no authentication at all because well we didn't tell anybody about it.

Hacking 52

Hacking Mobile Authentication Internet 52

eSecurity Planet

SEPTEMBER 16, 2022

In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% Fraud.net offers specific solutions for a number of industries, including gaming, financial services, and eCommerce, as well as government organizations.

eCommerce 109

eCommerce Risk Financial Services Authentication 109

NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Logins without multi-factor authentication. Attempt access to file and SQL servers with privileged accounts.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52