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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.

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Octo Tempest cybercriminal group is "a growing concern"—Microsoft

Malwarebytes

In a security blog about Octo Tempest Microsoft states: “Octo Tempest monetized their intrusions in 2022 by selling SIM swaps to other criminals and performing account takeovers of high-net-worth individuals to steal their cryptocurrency.” Create offsite, offline backups. Don’t get attacked twice.

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Data Encryption for Cloud Backup Security

Spinone

In traditional on-site backup systems security is mainly a physical concern – ensuring data is backed up in more than one location in case of hardware loss or failure and restricting access to the physical backup media to only trusted employees. In cloud backup, security concerns are different. Amazon S3 guarantees 99.9%

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Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity

Thales Cloud Protection & Licensing

The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. For retailers, this poses a two-pronged challenge.

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Avoslocker ransomware gang targets US critical infrastructure

Security Affairs

. “AvosLocker is a Ransomware as a Service (RaaS) affiliate-based group that has targeted victims across multiple critical infrastructure sectors in the United States including, but not limited to, the Financial Services, Critical Manufacturing, and Government Facilities sectors. hard drive, storage device, the cloud).

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Cyber Attack news headlines trending on Google

CyberSecurity Insiders

The first news that is trending is associated with financial service provider PayPal. According to the official statement from the company, the leak took place on January 11th,2023 through a tool exploit related to Mailchimp Customer Support and Account Administration.

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What is a Cyberattack? Types and Defenses

eSecurity Planet

Also read: How to Recover From a Ransomware Attack Best Ransomware Removal Tools Best Ransomware Removal and Recovery Services Best Backup Solutions for Ransomware Protection. Capital markets, insurance, financial services, and banking are now online. The techniques used in digital financial crimes are varied.

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