Remove Authentication Remove Financial Services Remove Phishing
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Japan ’s FSA warns of unauthorized trades via stolen credentials from fake security firms’ sites

Security Affairs

Japan s Financial Services Agency (FSA) warns of hundreds of millions in unauthorized trades linked to hacked brokerage accounts. Japan s Financial Services Agency (FSA) reported that the damage caused by unauthorized access to and transactions on internet trading services is increasing.

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2024 Thales Global Data Threat Report: Trends in Financial Services

Thales Cloud Protection & Licensing

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. A lack of multifactor authentication (MFA) to protect privileged accounts was another culprit, at 10%, also 7 percentage points lower than average.

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Luxury, Loyalty and Lateral Movement: Retail and Banking Attacks Surge

SecureWorld News

In a matter of days, three major cybersecurity incidents have hit the retail and financial services sectors, drawing renewed attention to supply chain vulnerabilities, credential-based attacks, and the increasing value of non-financial customer data. That's why MFA adoption remains low in many cases."

Retail 69
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AI-Driven Fraud and Impersonation: The New Face of Financial Crime

SecureWorld News

The result has been an alarming surge in fraud losses and a fundamental challenge to the trust-based interactions that financial services rely on. Voice-cloned phone scams: Rather than crude phishing emails, scammers use AI voice synthesis to call bankers or customers while mimicking a trusted person's voice.

Banking 110
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Top Cybersecurity Trends to Watch Out For in 2025

Centraleyes

By focusing on identity and access management (IAM), multi-factor authentication (MFA), and micro-segmentation, ZTA provides a robust defense against modern threats. Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals.

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A Deep Dive into the Last Vendor Breaches of 2024: What We Learned

Responsible Cyber

Financial services have also faced significant incidents, with many institutions relying heavily on third-party technology partners to deliver essential services. Many vendors failed to implement robust security protocols, such as advanced encryption techniques, multi-factor authentication, and continuous monitoring.

Risk 81
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Solid Data Security: The Foundation of a Safe Digital World

Thales Cloud Protection & Licensing

Individuals risk identity theft, financial loss, and privacy violations. Businesses, particularly those in financial services, healthcare, and retail sectors, suffer from operational disruptions and financial penalties. Employees play an integral role in the security of their organization.

DDOS 62