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Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor

Thales Cloud Protection & Licensing

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Malware and ransomware attacks increase.

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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. News is out that social security numbers of nearly 35,000 users were leaked in a cyber attack that could have emerged from a credential stuffing campaign launched by a state funded actor.

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Banks in US and Europe put on high cyber attack alert

CyberSecurity Insiders

The Putin led nation also issued an informal alert to Europe and United States that if they support Ukraine, then they should be ready to face economic chaos as all of their financial institutions will be disrupted through a cyber attack within no time.

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Generative AI Changes Everything You Know About Email Cyber Attacks

CyberSecurity Insiders

The latest iteration of this is the collapse of Silicon Valley Bank (SVB) and the resulting banking crisis, which has presented an opportunity for attackers to spoof highly sensitive communication, for example seeking to intercept legitimate communication instructing recipients to update bank details for payroll.

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Mayor candidate slaps Latitude with $1 million lawsuit for data breach

CyberSecurity Insiders

Shahriar Sean Saffari is the person who launched a legal appeal against the financial services firm of Australia in the court and is seeking a financial compensation for the distress caused to him after the incident. To those uninitiated, Latitude experienced a cyber-attack in March, leading to data steal of its 7.9

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BianLian, White Rabbit, and Mario Ransomware Gangs Spotted in a Joint Campaign

Security Affairs

Resecurity’s HUNTER (HUMINT) unit spotted the BianLian , White Rabbit , and Mario ransomware gangs collaborating in a joint extortion campaign targeting publicly-traded financial services firms. The attack leveraged multiple Residential IP Proxies based in the APAC region.

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Tackling DORA Compliance With a Focus on PAM

IT Security Guru

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) was born from a realisation that businesses, particularly those in financial services, rely increasingly on Information and Communications Technology (ICT) and digital means to operate. DORA takes effect in January 2025.