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 77

Financial Services Data breaches Accountability Encryption 77

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

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. The security of our financial data is of paramount importance.

Retail 83

Retail Cybersecurity Financial Services Mobile 83

Adam Levin

NOVEMBER 30, 2018

“The company recently discovered that an unauthorized party had copied and encrypted information, and took steps towards removing it,” Marriott disclosed in a statement. Monitor your accounts. Check your credit report every day, keep track of your credit score, review major accounts daily if possible.

Identity Theft 165

Identity Theft Financial Services Password Management Media 165

Spinone

NOVEMBER 20, 2018

This is why data encryption is the most vital key to cloud security. Encrypted data cannot be accessed in a readable format, even if it is intercepted while in transfer online. 65% of those surveyed also recognize that encryption is the most effective security control for cloud data.

Backups 40

Backups Encryption Computers and Electronics Accountability 40

Malwarebytes

OCTOBER 27, 2023

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.” The service is used by criminal gangs called affiliates who actually carry out attacks.

Social Engineering 94

Social Engineering Engineering Ransomware Backups 94

CyberSecurity Insiders

JULY 15, 2021

Morgan Stanley, a leading company offering Financial Services in America, had made it official that some hackers infiltration into its database and accessed sensitive information related to its customers.

Financial Services 102

Financial Services Banking Accountability Media 102

Security Affairs

MARCH 19, 2022

. “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. Disable unused ports.

Ransomware 106

Ransomware DDOS Passwords Backups 106

CyberSecurity Insiders

JULY 11, 2022

A Financial service offering company to healthcare industry has admitted that a ransomware attack on its data firm could have led to a data breach affecting over 600 healthcare establishments. Information is out that cyber criminals stole details such as names, addresses, account balances and details related to payments.

Ransomware 114

Ransomware Healthcare Data breaches Financial Services 114

Security Affairs

JULY 8, 2021

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. The company pointed out that exposed files did not contain passwords that could be used to access financial accounts.

Data breaches 119

Data breaches Hacking Banking Financial Services 119

CSO Magazine

JANUARY 28, 2021

Health Insurance Portability and Accountability Act (HIPAA). Nevada Personal Information Data Privacy Encryption Law NRS 603A. New York State Department of Financial Services, Cybersecurity Requirements for Financial Services Companies (23 NYCRR 500). North American Electric Reliability Corp.

CSO 128

CSO Financial Services Consumer Protection Data privacy 128

CyberSecurity Insiders

JANUARY 19, 2023

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.

Cyber Attacks 106

Cyber Attacks Social Engineering Financial Services Encryption 106

Malwarebytes

NOVEMBER 16, 2021

According to the researchers, SharkBot demonstrates: “…how mobile malwares are quickly finding new ways to perform fraud, trying to bypass behavioural detection countermeasures put in place by multiple banks and financial services during the last years.” ” Type and source of the infection.

Banking 101

Banking Financial Services Encryption Malware 101

Thales Cloud Protection & Licensing

JANUARY 10, 2022

The financial services ecosystem has evolved tremendously over the past few years driven by a surge in the adoption of digital payments. Retailers and financial organizations need to understand what controls and mitigations they have to put in place to secure their customers’ transactions. Tue, 01/11/2022 - 06:35.

Retail 126

Retail Financial Services Banking Authentication 126

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

Thales Cloud Protection & Licensing

NOVEMBER 27, 2018

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. Leading up to that date, companies have had to meet several milestones including hiring a CISO, encrypting all its non-public consumer data and enabling multi-factor authentication.

Cybersecurity 71

Cybersecurity Financial Services Data privacy Encryption 71

Thales Cloud Protection & Licensing

MARCH 6, 2024

The report shows that almost half (46%) of all Account Takeover (ATO) attacks are aimed at API endpoints. Nearly one-third (28%) of all DDoS attacks on APIs focus on financial services organizations, the most targeted industry for this type of attack. Encryption Lebin Cheng | VP, API Security More About This Author > Schema

Risk 87

Risk Financial Services Authentication DDOS 87

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 84

Ransomware Financial Services Accountability Malware 84

Security Affairs

JUNE 11, 2021

Cookies are a precious source of intelligence about victims’ habits and could be abused to access the person’s online accounts of the victims. . million unique email addresses, NordLocker found, for an array of different apps and services. The database includes 6.6 The 26 million login credentials held 1.1 Pierluigi Paganini.

Malware 116

Malware Computers and Electronics Software Financial Services 116

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

To ensure data integrity and network security, businesses must adopt more sophisticated security protocols, including advanced encryption methods and AI-driven threat detection systems. Initially a driving force in financial services for secure transactions, blockchain now faces the challenge of reshaping its image and functionality.

Cybersecurity 83

Cybersecurity Technology Cyber threats Artificial Intelligence 83

SC Magazine

JULY 2, 2021

Supples spoke to SC Media in an interview alongside EBCS Director David Maimon, who said his research team would study the modus operandi of cybercriminals operating on the dark net and other encrypted channels, as well as the different types of fraud exist across various platforms – and how they evolve. “[We

Financial Services 71

Financial Services Banking Identity Theft Media 71

eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Healthcare Data Privacy Laws. Health data and patient data in the U.S.

Data privacy 138

Data privacy Encryption Data breaches Insurance 138

CyberSecurity Insiders

AUGUST 24, 2021

Each client environment is required to adhere to strict security policies ensuring that all the data will be safe, secure, and fully encrypted from end to end. “We In the Bank, Financial Services, and Insurance industries, accessing, storing, and transferring customer data requires strict adherence to US Data Protection and Privacy Laws.

Financial Services 40

Financial Services Artificial Intelligence Insurance Encryption 40

Security Affairs

OCTOBER 15, 2019

Pitney Bowes is a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data and financial services. “Pitney Bowes was affected by a malware attack that encrypted information on some systems and disrupted customer access to some of our services.

Ransomware 80

Ransomware eCommerce Financial Services Advertising 80

Security Affairs

FEBRUARY 21, 2024

In wider action coordinated by Europol, two LockBit actors have been arrested this morning in Poland and Ukraine, over 200 cryptocurrency accounts linked to the group have been frozen.” The NCA will reach out to victims based in the UK in the coming days and weeks, providing support to help them recover encrypted data.

Energy and Utilities 97

Energy and Utilities Ransomware Manufacturing Financial Services 97

Thales Cloud Protection & Licensing

JANUARY 26, 2021

For example, compromised card details are used to make unauthorized purchases online and personal details are used to take over an account or apply for a credit card in someone else’s name. Criminals use personal and financial data to impersonate customers and add apparent authenticity to a scam. Encryption. Online skimming.

Retail 143

Retail Banking Big data Computers and Electronics 143

Security Boulevard

SEPTEMBER 26, 2022

accounts and other important data were targeted, Yahoo! s external site were not recently reissued, allowing cyber attackers to have ongoing access to encrypted communications. Top Financial Services Encryption Threats and Insight from a Former Hacker! Encryption Digest #65]. After nearly 500 million Yahoo!

Data breaches 67

Data breaches Digital transformation Cyber Attacks Encryption 67

Security Boulevard

MARCH 6, 2024

The report shows that almost half (46%) of all Account Takeover (ATO) attacks are aimed at API endpoints. Nearly one-third (28%) of all DDoS attacks on APIs focus on financial services organizations, the most targeted industry for this type of attack.

Risk 62

Risk Financial Services Authentication DDOS 62

Thales Cloud Protection & Licensing

FEBRUARY 27, 2023

This is especially useful for those who do not have a bank account, as they can still participate in digital financial transactions through peer-to-peer payments with CBDCs. According to the World Bank account ownership rates vary across the world. More than 130 Central Banks have been exploring CBDCs since 2014.

Banking 71

Banking Cryptocurrency Financial Services Accountability 71

Security Affairs

MAY 10, 2022

“Frappo” grants cybercriminals the ability to work with stolen data anonymously and in an encrypted format. Frappo” was initially designed to be an anonymous cryptocurrency wallet based on a fork of Metamask and is completely anonymous, it doesn’t require a threat actor to register an account.

Phishing 82

Phishing Banking Retail Financial Services 82

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

Security Boulevard

AUGUST 3, 2021

We also can’t forget standing administrative privileges and service accounts used by systems, services, and things. Once we spotlight these accounts, we can decide whether the risk they create is worth the value they provide. Next, we need to do a better job of securing the accounts we do need.

Ransomware 104

Ransomware Financial Services Accountability Retail 104

CyberSecurity Insiders

APRIL 12, 2021

Personally Identifiable Information (PII), Protected Health Information (PHI), private financial records, and a selection of other sensitive data hold all the required elements to perpetrate crimes such as blackmail, impersonation, and identity theft, or a combinations of these. It is an all-or-nothing proposition.

Identity Theft 87

Identity Theft Encryption Big data Financial Services 87

Security Affairs

FEBRUARY 20, 2024

In wider action coordinated by Europol, two LockBit actors have been arrested this morning in Poland and Ukraine, over 200 cryptocurrency accounts linked to the group have been frozen.” The NCA will reach out to victims based in the UK in the coming days and weeks, providing support to help them recover encrypted data.

Energy and Utilities 109

Energy and Utilities Ransomware Manufacturing Financial Services 109

Security Affairs

MARCH 24, 2021

Forex trading may be dominated by banks and global financial services but, thanks to the Internet, the average person can today dabble directly in forex, securities and commodities trading. Despite containing very sensitive financial data, the server was left open without any password protection or encryption.

Passwords 125

Passwords Accountability Media Identity Theft 125

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

Backups 137

Backups Ransomware Firewall Malware 137

Thales Cloud Protection & Licensing

JULY 9, 2018

Tokens are increasingly being used to secure other types of sensitive personally identifiable information (PII), including social security numbers, telephone numbers, email addresses, account numbers, as well as protected heathcare information (PHI). Financial Services. Encryption and Tokenization. Human Resources.

Digital transformation 75

Digital transformation Financial Services Healthcare Encryption 75

SecureWorld News

APRIL 4, 2022

It's slightly different from a standard ransomware attack—encrypting a user's files is a secondary concern. Essentially, leakware attacks demand victims pay a ransom to accomplish two things: recover their encrypted data and prevent confidential, sensitive information from being disseminated. What is leakware? According to the U.S.

Digital transformation 75

Digital transformation Ransomware Phishing Small Business 75