This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
2024 Thales Global Data Threat Report: Trends in FinancialServices madhav Tue, 10/15/2024 - 05:17 Financialservices (FinServ) firms are key players in the global economy. Nearly two-thirds (64%) of FinServ said it’s more complex to secure data in the cloud than on-prem, compared to 55% of general respondents.
The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financialservices firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.
In a matter of days, three major cybersecurity incidents have hit the retail and financialservices sectors, drawing renewed attention to supply chain vulnerabilities, credential-based attacks, and the increasing value of non-financial customer data. Follow SecureWorld News for more stories related to cybersecurity.
A born-in-the-cloud company, Mercury Financial upholds a competitive advantage in the financialservices industry through advanced technology tools that help its customers responsibly manage their credit and offer them credit as they’ve never had before. To read this article in full, please click here
Together, Axio and CRI’s combined talents will deliver the CRI Cyber Profile tool to CRI members and other interested financial institutions with the Axio360 platform. The CRI Profile is the benchmark for cyber security and resiliency in the financialservices industry. Learn more at [link].
But as financial institutions have had to adapt to an increasingly digital world, it is imperative they have security solutions in place that not only provide security for users and data, but also ensure compliance with policies and regulations. Addressing financialservices’ key pain points. Enabling the future of banking.
Zero Trust Architecture (ZTA) Expands The Zero Trust model, which focuses on verifying every person and device attempting to access a system, is gaining ground as a best practice in cybersecurity. This puts pressure on organizations to secure their systems and develop incident response and disaster recovery strategies to mitigate damage.
Organizations, such as financialservices or government, deal with sensitive information and prefer a private cloud model with greater control over the security of applications, users, and data. This puts tremendous pressure on IT professionals to rethink their architectures and IT strategies to meet the challenge.
The hackers also targeted non-governmental organizations and think tanks, as well as financialservices. Microsoft highlights the importance of best practices such as Zero-trust architecture and multi-factor authentication to prevent these attacks. In all, 36 countries were targeted.”
Researchers from Black Lotus Labs at Lumen Technologies, recently uncovered a multifunctional Go-based malware that was developed to target devices based on multiple architectures, including Windows and Linux. A new multifunctional Go-based malware dubbed Chaos is targeting both Windows and Linux systems, experts warn.
Cloud service providers have expanded their offerings into industry-specific domains. AWS FinancialServices and Azure for FinancialServices are good examples of how cloud players are trying to entice industries to move more essential business functions to cloud platforms for enhanced security and growth.
Cisco Secure Firewall Cisco Secure Firewall acts as the foundation of your security architecture. A financialservices company adopting generative AI tools for customer support, for instance, can enforce strict usage policies to ensure sensitive customer data isn’t mishandled.
Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-FinancialServices Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-FinancialServices Edition and tips for overcoming them.
The problem is some of those failures are architectural in nature, and they’re not easy to fix. Sethi “How this works is when you build software, you employ a whole series of automated, reactive processes to make sure that it’s secure. And if you find something, you go back and fix it,” Sethi told me.
Other high-risk industries, such as financialservices and healthcare, remain highly exposed, with the cost of DDoS attacks for financial organizations estimated at $1.8 This architectural flaw allows attackers to easily map backend IP addresses and exploit them, often bypassing security layers entirely.
As organizations embrace cloud-based services and microservices architectures, its vital to understand that the very features that make APIs essential can also leave them susceptible to risk of fraud and data breaches.
The Digital Operational Resilience Act (Regulation (EU) 2022/2554) was born from a realisation that businesses, particularly those in financialservices, rely increasingly on Information and Communications Technology (ICT) and digital means to operate. DORA takes effect in January 2025.
Security & Compliance for SAP Data in FinancialServices. Financialservices companies keep some of their most valuable data in SAP applications, triggering the need for both additional security and taking steps toward meeting compliance requirements. The need increases as they move workloads to the cloud.
It reaches deep into the inner architecture of applications and targets the entire function. In their white paper, Ransomware Defense in FinancialServices: Retreating from the Cloud , the Aite Group states that “Detecting and blocking rogue processes in memory is one of the most important ways to secure servers.
What industries do hackers primarily target for financial gain? Financialservices should come as no surprise, but the hospitality industry is up there too. Cisco Secure Endpoint is security that works for your secure remote worker, SASE, XDR, and Zero Trust architecture.
The sheer difficulty is one reason that vulnerability management as a service (VMaaS) and similar services have been gaining traction among security buyers. Google’s cloud security is well regarded (and the company has shared some documentation of its security architecture and practices too). Prepare Now.
Director, Industry Solutions Americas Solutions Architecture & Customer Success. Amazon Web Services. Elizabeth has been with AWS for 5-1/2 years and leads Industry Solutions within the Americas Solutions Architecture and Customer Success organization. Elizabeth Moon. Source: [link].
ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financialservice companies, law firms, and real estate groups. When adopting cloud based corporate services, it is crucial to enforce 2FA authentication to mitigate risks of login credential theft.
XFS (extensions for financialservices) provides a client-server architecture for financial applications on the Microsoft Windows platform, especially peripheral devices such as EFTPOS terminals and ATMs which are unique to the financial industry. ” reads the analysis published by the experts.
In this milieu, there’s a “large question about the integrity, compliance and security” of the applications that are being developed on the fly, as well as the cloud architecture they reside on, Byron says.
They must harness all that data to compete in the rapidly evolving global financialservices ecosystem. However, InfoSec lacks visibility into data dispersed across a vast multi-generational architecture and struggles to mask it, so they must limit access to production data, curtailing innovation. .
” – Vice President of IT , Banking and FinancialServices Customer. Duo’s Passwordless Architecture. To top it off, Duo is connected to our SIEM and our InfoSec team is able to review detailed logs and setup alerts to be able to keep everything secure.”
The problem with SAST, DAST, IAST and RASP is they are not very good at catching vulnerabilities that are architectural in nature, i.e. the deep flaws that motivated cyber criminals actors are likely to subsequently discover and exploit.
The top five industries reporting a major security incident included the hospitality, architecture/engineering, education, business consulting, and financialservices sectors. Specifically, through this comparison, we found that certain verticals reported considerably more incidents than others.
With these digital initiatives, cloud migration projects, and API-first application architectures, API development and usage has proliferated. This API sprawl presents major security challenges for organisations.
This extensive hands-on experience, spanning financialservices, healthcare, government, and other sectors, provides us with unique insight into the current cybersecurity landscape facing enterprise mainframe environments.
Financial institutions could “clear” these by matching tokens with the original payment cards in highly secure back-end environments. This design was so secure and successful that it became, and remains, the gold standard of how the financialservices industry protects its most sensitive data.
The zero-trust data vault with an elegant API allows developers to quickly build financial applications and payments workflows without worrying about data security, privacy or data regulations. Zero-trust Architecture for All Your PII. Pre-built Integrations to Plaid and More.
The software has been heavily used in the healthcare industry as well as thousands of IT departments in financialservices and government sectors. The MOVEit encrypts files and uses secure File Transfer Protocols to transfer data with automation, analytics and failover options. aspx or _human2.aspx
He is a cybersecurity and M&A professional, focusing predominantly within financialservices, life sciences, health care and retail industries. Ashutosh Kapsé is the head of cybersecurity at IOOF Holdings Limited, one of the largest non-banking financialservices organizations in Australia.
As the pioneer in API security, Salt Security is widely recognized as the only enterprise-caliber solution in API security, with a patented approach to runtime protection, the only cloud-scale big data-based architecture, the most customers, and the deepest penetration among Fortune and Global 500 companies.
LogicGate’s flexible reporting options and cloud-based architecture make it an ideal solution for mid-to large-sized enterprises seeking an intuitive approach to managing supplier risk and compliance requirements.
Imperva works across a range of industries, including: eCommerce, energy, financialservices, gaming, healthcare, manufacturing and technology. A single stack architecture reduces latency and results in fast remediation of DDoS attacks and other web application threats. Key Differentiators. Stops Layer 3, 4 and 7 attacks.
Industries on High Alert FinancialServices : Transactions, trading algorithms, and high-value customer data. Accelerating Timelines Migrating to quantum-safe cryptography is a multi-year endeavor involving audits, architecture changes, and workforce training. Investing in Crypto-Agile Architectures 4. Why Act Now?
Keep in mind that zero trust cannot be achieved by purchasing a single product, and it takes time to implement a comprehensive architecture. Typically, a zero trust architecture gives IT teams hiccups because every blocked device or user, every set of failed credentials that possibly indicates a breach, must then be routed through them.
If an organization handles a high volume of financial transactions, for example a bank, there may well be specialist categories and procedures relating to the different groups of customers or financialservices, such as a legacy financial system.
Banking, financialservices, media, insurance, and e-commerce companies have the lead in transformational initiatives in India. They must apply security architectures across old infrastructures while simultaneously rolling out new cloud-based, digitally transformative technologies.
Cloud-delivered modern SaaS architecture. Cyber Risk Assessments powered by MyCyberScorecard also enable collaboration between business and system owners to bridge the gap between policies, controls and operations. Interactive reporting that is easy to export and effectively communicate to senior management. Roadmaps to cyber resilience.
We organize all of the trending information in your field so you don't have to. Join 28,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content