Security Boulevard

MARCH 14, 2025

and strong authentication mechanisms like OAuth 2.0 It mandates robust authentication methods, including mutual TLS (mTLS), and stringent access restrictions for APIs interacting with operational technology (OT) systems. Open Banking and PSD2: The growth of open banking has increased dependency on APIs for financial transactions.

Authentication 52

Authentication Threat Detection Government Data breaches 52

Thales Cloud Protection & Licensing

OCTOBER 14, 2024

A lack of multifactor authentication (MFA) to protect privileged accounts was another culprit, at 10%, also 7 percentage points lower than average. However, banks and financial institutions have realized the problems of increased operational complexity and are taking the required steps to consolidate their tech stack.

Financial Services 62

Financial Services Threat Reports Authentication Banking 62

Webroot

APRIL 22, 2025

Financial services industry: Banks, insurance companies and other financial organizations offer a wealth of opportunity for hackers who can use stolen bank account and credit card information for their own financial gain. They can rack up charges on your credit cards and even drain your bank accounts.

Data breaches 75

Data breaches Identity Theft Passwords eCommerce 75

Thales Cloud Protection & Licensing

JANUARY 16, 2025

Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.

Financial Services 62

Financial Services Insurance Encryption Government 62

Centraleyes

MARCH 13, 2025

Multi-factor authentication (MFA) and role-based access controls are your best friends here. Case in Point : In 2019, First American Title Insurance Company experienced a significant data exposure incident, revealing sensitive customer documents due to a vulnerability in their document-sharing application.

Cybersecurity 52

Cybersecurity Financial Services Risk Encryption 52

SecureWorld News

DECEMBER 27, 2024

While compliance enforces behavior through rules and consequenceslike being forced to exercisetrue buy-in reflects authentic understanding and commitment. Phishing-resistant authentication: Widespread use of passkeys, biometrics, and passwordless solutions to bolster security. Let me unpack what I mean.

Cybersecurity 123

Cybersecurity CISO Risk Government 123

Thales Cloud Protection & Licensing

MARCH 19, 2025

Sector Trust Rankings: Stability and Shifts Banking Retains Leadership Amid Generational Divides The banking sector maintained its position as the most trusted industry in both 2024 and 2025, though its dominance weakened among younger demographics. 72% in 2024). 72% in 2024).

Insurance 71

Insurance Banking Authentication Data privacy 71

Centraleyes

MAY 8, 2025

This new standard emphasizes continuous monitoring, advanced authentication methods (such as multi-factor authentication), and more frequent and rigorous penetration testing. Heres what organizations need to know about staying compliant without breaking the bank. Enhanced Requirements in PCI DSS 4.0

Penetration Testing 52

Penetration Testing Small Business Encryption Technology 52

Krebs on Security

MAY 24, 2019

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. No authentication was required to read the documents. First American Financial Corp. Image: Linkedin.

Insurance 280

Insurance Banking Identity Theft Scams 280

Adam Levin

APRIL 10, 2019

A security analysis of 30 major banking and financial apps has shown major security holes and a lax approach to protecting user data. Among the most alarming finding was the practice of embedding and hard-coding of private certificates and API keys into banking apps. Read more about their report’s findings here.

Banking 187

Banking Insurance Retail Mobile 187

Krebs on Security

NOVEMBER 19, 2021

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “Members don’t have to request to use Zelle.

Scams 363

Scams Banking Passwords Authentication 363

Krebs on Security

APRIL 27, 2023

A shocking number of organizations — including banks and healthcare providers — are leaking private and sensitive information from their public Salesforce Community websites, KrebsOnSecurity has learned. Huntington Bank has disabled the leaky TCF Bank Salesforce website. Washington, D.C.

Banking 356

Banking Government Information Security Authentication 356

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 361

Insurance Financial Services Penetration Testing Scams 361

Security Boulevard

SEPTEMBER 3, 2022

The financial services industry – from retail banking to insurance – is facing challenges from multiple different channels: from competitive pressure and regulation to the evolving security landscape. The post Authentication in the Finance Industry: Now and Next appeared first on Security Boulevard.

Authentication 138

Authentication Financial Services Insurance Retail 138

Krebs on Security

MAY 31, 2019

On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many of them with Social Security and bank account numbers — going back at least 16 years. No authentication was needed to access the digitized records. ”

Financial Services 274

Financial Services Insurance Banking Authentication 274

Krebs on Security

AUGUST 6, 2020

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

Accountability 363

Accountability Identity Theft Hacking Insurance 363

The Last Watchdog

SEPTEMBER 24, 2024

Credit monitoring services provide ongoing tracking of credit reports for suspicious activity, and some even offer insurance for identity theft-related losses. The growing threat of cybercrime, including ransomware attacks and large-scale data leaks, is also pushing individuals to take more control of their personal data.

Authentication 216

Authentication Identity Theft Banking Data breaches 216

Krebs on Security

JUNE 4, 2019

. “AMCA’s affected system also included credit card or bank account information that was provided by the consumer to AMCA (for those who sought to pay their balance),” the filing reads. AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.”

Insurance 276

Insurance Banking Accountability Data privacy 276

CyberSecurity Insiders

JUNE 28, 2021

If you have seen the latest banking news, you may have seen that the Competition and Markets Authority in the UK recently launched a consultation on the future of open banking to set out the principal features for open banking in its next phase of implementation. The role of Open Banking. billion people across the world.

Banking 133

Banking Financial Services Authentication Technology 133

CyberSecurity Insiders

AUGUST 1, 2022

While verification and authentication are terms that are often used interchangeably, they are in fact two separate operations. Digital verification and authentication play a critical role in preventing fraud and cyberattacks. However, if an insurance company uses a legacy system (see “ What is a legacy system in insurance?

Authentication 121

Authentication Passwords Insurance Technology 121

The Last Watchdog

JUNE 9, 2022

Phishing emails and messages may appear from a company you’re familiar with or trust, and they can appear to be from a credit card company or a bank. Phishing emails may ask for personal information like a log-in or Social Security number to authenticate your account, or they may urge you to share your credit card payment details.

Identity Theft 274

Identity Theft Scams Insurance Internet 274

Krebs on Security

APRIL 26, 2021

Last week, KrebsOnSecurity heard from a reader who had his freeze thawed without authorization through Experian’s website, and it reminded me of how truly broken authentication and security remains in the credit bureau space. Banks can check your file if you apply for credit or loans. and $24.99 ” Sounds scary, right?

Authentication 358

Authentication Accountability Identity Theft Account Security 358

Krebs on Security

AUGUST 12, 2019

Securities and Exchange Commissio n (SEC) is investigating a security failure on the Web site of real estate title insurance giant First American Financial Corp. No authentication was required to view the documents. First American Financial Corp. In May, KrebsOnSecurity broke the news that the Web site for Santa Ana, Calif.

Insurance 277

Insurance Banking Authentication Accountability 277

CyberSecurity Insiders

MAY 10, 2023

This is especially alarming for industries that conduct high-value transactions online, such as banking, healthcare, government, etc., Applicants must virtually verify their identity through ID Verification and Knowledge-based Authentication (KBA) and then execute the e-signature before being affixed by the notary.

Authentication 109

Authentication Insurance Identity Theft Digital transformation 109

eSecurity Planet

OCTOBER 5, 2021

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

Authentication 104

Authentication Passwords Mobile Accountability 104

Krebs on Security

FEBRUARY 25, 2021

Labor Department’s inspector general said this week that roughly $100 million in fraudulent unemployment insurance claims were paid in 2020 to criminals who are already in jail. Many states also lacked the ability to tell when multiple payments were going to the same bank accounts. are using it. 77,000 NEW (AB)USERS EACH DAY.

Scams 351

Scams Insurance DDOS Authentication 351

Adam Levin

NOVEMBER 17, 2020

Credit cards offer markedly better fraud protections than debit cards , which connect directly to your bank account. No matter your payment of choice, check bank and credit card statements daily for suspicious or erroneous charges. Enable two-factor authentication. Consider alternate payment methods. Set up transaction alerts.

Scams 243

Scams Retail Banking Passwords 243

The Last Watchdog

AUGUST 19, 2021

The attacker claims to have compromised an end-of-lifed GPRS system that was exposed to the internet and was able to pivot from it to the internal network, where they were able to launch a brute force authentication attack against internal systems. Most immediately is the ubiquity of 2-factor authentication.

Data breaches 235

Data breaches Mobile Authentication Accountability 235

Malwarebytes

DECEMBER 23, 2021

On December 1, 2021, the Tokyo police arrested an employee of Sony Life Insurance on suspicion of fraudulently obtaining 17 billion yen through an illegal money transfer from an overseas unit. He then quickly converted the funds to bitcoins, as criminals do.

Banking 142

Banking Insurance Cryptocurrency Accountability 142

Webroot

FEBRUARY 15, 2024

With access to your personal information, bad actors can drain your bank account and damage your credit—or worse. Check out the nine tips below to discover how you can enable family protection and help prevent identity theft and credit and bank fraud. But that doesn’t mean you and your family have to become victims. Discover Webroot.

Identity Theft 97

Identity Theft Banking Scams Passwords 97

Security Affairs

MAY 13, 2024

Firstmac Limited, one of the largest non-bank lenders in Australia, disclosed a data breach. They have a range of market insurance products backed by international company, Allianz Group. Firstmac Limited disclosed a data breach after the new Embargo extortion group leaked over 500GB of data allegedly stolen from the company.

Data breaches 134

Data breaches Cyber Attacks Identity Theft Banking 134

Krebs on Security

JANUARY 6, 2020

“The authentication for that was entirely separate, so the lateral movement [of the intruders] didn’t allow them to touch that,” Schafer said. Multiple personal and business banking portals; -Microsoft Office365 accounts. Cloud-based health insurance management portals. Cloud-based payroll management services.

Passwords 292

Passwords Ransomware Password Management Malware 292

Malwarebytes

APRIL 9, 2024

He was convicted of one count of making a false statement to a National Credit Union Administration insured institution and one count of aggravated identity theft. He used the ID to get a job at a fast-food restaurant and to get a Colorado bank account. It wasn’t the first time Keirans had committed car theft.

Identity Theft 123

Identity Theft Banking Insurance Accountability 123

Krebs on Security

SEPTEMBER 21, 2018

Enacted in May 2018, the Economic Growth, Regulatory Relief and Consumer Protection Act rolls back some of the restrictions placed on banks in the wake of the Great Recession of the last decade. Spouses may request freezes for each other by phone as long as they pass authentication. But it also includes a silver lining.

Identity Theft 280

Identity Theft Banking Insurance Marketing 280

The Last Watchdog

MAY 30, 2024

From MFA to biometrics, a lot has been done to reinforce user ID and password authentication — for human users. We spoke to major banks, insurance companies, and even small businesses,” Nicholas says. The idea for Anetac derived from asking companies about their pain points. “We

Accountability 130

Accountability Small Business Insurance Authentication 130

Krebs on Security

JUNE 15, 2023

The directive applies to any networking devices — such as firewalls, routers and load balancers — that allow remote authentication or administration. “This is reachable pre-authentication, on every SSL VPN appliance,” French vulnerability researcher Charles Fol tweeted. “Patch your #Fortigate.”

Risk 296

Risk VPN Internet Internet 296

Cisco Security

MAY 12, 2022

A fact the Banking, Finance, Securities, and Insurance (BFSI) sector knows all too well, with the Securities and Exchange Board of India (SEBI) issuing a SaaS Circular on ‘data localization requirements for financial sector organizations using cloud services’ just two years ago.

Data privacy 133

Data privacy Authentication Insurance VPN 133