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

CyberSecurity Insiders

As the unsuccessful mayoral candidate was one victim of the data breach, the person is claiming $1 million as damages in the federal court. The incident took place when the suspected group of hackers took control of the servers of the company via a compromised employee account.

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Morgan Stanley discloses data breach after the hack of a third-party vendor

Security Affairs

The American multinational investment bank and financial services firm Morgan Stanley discloses a data breach caused by the hack of an Accellion FTA server of a third-party vendor. Guidehouse advised us that data that it maintained for Morgan Stanley had been accessed through the Accellion FTA vulnerability.”

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Cost of a Machine Identity Data Breach with Yahoo!

Security Boulevard

Cost of a Machine Identity Data Breach with Yahoo! Consequences from the Yahoo Data Breach. Though it’s easy to focus on the cost of a data breach, the ramifications of Yahoo!’s s breach were vast and equally as destructive. accounts and other important data were targeted, Yahoo!

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Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

The end result of these types of cyber attacks are often highly public and damaging data breaches. 1 in 4 Americans reported that they would stop doing business with a company following a data breach, and 67% of consumers reported a loss of trust in an organization following a breach. What Are Data Breaches?

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57,000 Bank of America Customers' Data Compromised in Breach

SecureWorld News

Bank of America is notifying customers that their personal information was compromised in a data breach impacting Infosys McCamish Systems (IMS), a third-party vendor. The breach reportedly occurred after IMS was hacked in November 2023. At least 57,028 Bank of America customers were directly impacted.

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The Clock is Ticking for PCI DSS 4.0 Compliance

Thales Cloud Protection & Licensing

Virtually every major financial institution, retailer, and scores of payment processors have been the victims of data breaches, incurring both financial and reputational damage. According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. Requirement 3.2 Requirements 3.4.1