Thales Cloud Protection & Licensing

NOVEMBER 13, 2023

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.

Financial Services

Security Affairs

JULY 27, 2021

Kaseya Unitrends is a cloud-based enterprise solution that provides affordable, low-maintenance data protection offering to complement existing client backup and recovery solutions. The advisory recommends customers using the flawed solution to avoid exposing the service online running on default ports. ” reads the advisory.

Backups

Security Affairs

AUGUST 20, 2024

.” BleepingComputer researchers noticed that the stolen archive was created on December 25, 2022, which suggests that the attackers may have compromised a backup server where the data was stored. Toyota Financial Services (TFS) is the finance arm of the Toyota Motor Corporation.

Data breaches

eSecurity Planet

NOVEMBER 17, 2022

Also read : Is the Answer to Vulnerabilities Patch Management as a Service? Backup Is Hard. That double threat — exfiltration and destruction/encryption — makes backup and encryption of data critically important for recovery and to avoid extortion when hackers threaten to release sensitive data. Really Hard. Prepare Now.

Backups

Security Affairs

OCTOBER 29, 2021

Pundari also added that the government didn’t pay a ransom to the threat actors and the system was recovered from backups. “The government and the people of Papua New Guinea can be assured that the government financial services will continue as usual,” Pundari said.

Ransomware

Security Affairs

JANUARY 17, 2022

” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Financial Services

Security Affairs

AUGUST 26, 2021

Kaseya Unitrends is a cloud-based enterprise solution that provides affordable, low-maintenance data protection offering to complement existing client backup and recovery solutions. The advisory recommends customers using the flawed solution to avoid exposing the service online running on default ports. “A reads the advisory. “Do

Backups

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. hard drive, storage device, the cloud).

Ransomware

Security Boulevard

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Financial Services

eSecurity Planet

JUNE 16, 2022

Also read: How to Recover From a Ransomware Attack Best Ransomware Removal Tools Best Ransomware Removal and Recovery Services Best Backup Solutions for Ransomware Protection. Capital markets, insurance, financial services, and banking are now online. Backup and encryption. Mobile attacks. Other methods.

Backups

Malwarebytes

OCTOBER 27, 2023

Microsoft reports that in doing so, Octo Tempest progressively broadened the number of industries it targeted for extortion, including natural resources, gaming, hospitality, consumer products, retail, managed service providers, manufacturing, law, technology, and financial services. Create offsite, offline backups.

Social Engineering

Dark Reading

JULY 5, 2018

Financial services firms in Britain have three months to explain how they would stay up and running in the event of an attack or service disruption.

Backups

CyberSecurity Insiders

MARCH 27, 2021

Depending on the criticality of the vendor, you may opt to have a backup vendor in place to ensure business continuity. This is common practice for financial institutions. This is particularly important for financial services, healthcare and government organizations as well as their business partners.

Risk

Krebs on Security

OCTOBER 24, 2019

If you need a backup processor, please contact us. But on Oct. 23 — less than 24 hours before another weekly payroll rush — Pasadena, Calif. All collections that were processed prior to today will be reviewed by the bank and disbursements will be released once the funds are cleared. Credit trans. Deadline for wires is 1 P.M.

Banking

Spinone

NOVEMBER 20, 2018

In traditional on-site backup systems security is mainly a physical concern – ensuring data is backed up in more than one location in case of hardware loss or failure and restricting access to the physical backup media to only trusted employees. In cloud backup, security concerns are different.

Backups

CyberSecurity Insiders

DECEMBER 17, 2021

It is one thing to maintain a failed piece of equipment, or to acknowledge a backup job notification, but it is quite another to respond to an attack that could threaten the future of the company. According to reports in the health care field , and financial professions , burnout increased during the pandemic.

Cybersecurity

CyberSecurity Insiders

MARCH 2, 2021

Cloud service providers have expanded their offerings into industry-specific domains. AWS Financial Services and Azure for Financial Services 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.

Financial Services

CyberSecurity Insiders

JANUARY 19, 2023

The first news that is trending is associated with financial service provider PayPal. However, payment refusal also means that the targeted victims could recover their encrypted data by other means, like via backups or free decryption keys offered by many security firms these days.

Cyber Attacks

Troy Hunt

SEPTEMBER 27, 2024

Let me give you an example from smack bang in the middle of GDPR territory: Deezer, the French streaming media service that went into HIBP early January last year: New breach: Deezer had 229M unique email addresses breached from a 2019 backup and shared online in late 2022. Data included names, IPs, DoBs, genders and customer location.

Data breaches

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. For retailers, this poses a two-pronged challenge.

Retail

Malwarebytes

JUNE 16, 2023

Among the probably hundreds of victims are Payroll provider Zellis who serves British Airways and the BBC , oil giant Shell , several financial services organizations, insurance companies, and many others. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers.

Energy and Utilities

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Offline Backups. Screenshot example. Ransomware facts. Version restores.

Ransomware

Security Boulevard

SEPTEMBER 29, 2021

Recovery becomes costly as businesses suffer the majority of their losses through lost productivity, and backups don’t preclude expensive recovery. Backups Only Address a Small Part of Ransomware Recovery . For more than 50 years, backup software has proven reliable to restore data after application failures or data corruption issues.

Ransomware

Responsible Cyber

NOVEMBER 17, 2024

Image Source: AI Generated Recent data breaches have exposed sensitive information from millions of customers across healthcare, financial services, and technology sectors. The impact extends beyond immediate financial losses. Bank of America confirmed that 57,028 of its customers were directly affected by the incident.

Data breaches

SecureWorld News

APRIL 4, 2022

The most frequent targets of leakware are hospitals, law firms, and financial services organizations. These practices will prevent leakware attacks, but they can also help enterprises avoid other common cybersecurity issues, such as distributed denial of service (DDoS), man in the middle (MitM), SQL, and password hacks.

Ransomware

Security Boulevard

OCTOBER 15, 2024

Oracle Product Family Number of Patches Remote Exploit without Authentication Oracle Commerce 100 81 Oracle Hyperion 45 12 Oracle Financial Services Applications 32 25 Oracle E-Business Suite 20 15 Oracle Communications Applications 18 1 Oracle SQL Developer 13 10 Oracle Food and Beverage Applications 12 7 Oracle Java SE 12 2 Oracle Secure Backup 9 (..)

Financial Services

The Last Watchdog

JULY 21, 2020

For example, this could be adding protection to servers where it might have been absent in the past, or implementing multi-factor authentication for all your externally facing accounts and services. When companies build better security foundations it puts much of the proverbial low hanging fruit out of reach to cybercriminals.

Cloud Migration

SecureWorld News

SEPTEMBER 10, 2020

These industries include consumer businesses, healthcare, and financial services. No-cost and low-cost controls, such as multi-factor authentication (MFA) and routine out-of-band backups would have eliminated a majority of losses experienced.". Attacker targeted certain industries more frequently.

Cyber Insurance

Spinone

JULY 21, 2020

Read our article dedicated to CCPA: CCPA compliance checklist PCI-DSS Payment processors and other financial services providers may need to comply with the Payment Card Industry Data Security Standard (PCI-DSS). This standard helps to prevent credit card fraud and ensures that financial information is protected. success rate.

Backups

CyberSecurity Insiders

JUNE 25, 2022

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 financial services industry protects its most sensitive data.

Ransomware

CyberSecurity Insiders

JANUARY 16, 2022

More than 1,500 organizations worldwide spanning Financial Services, Defense, Manufacturing, Energy, Aerospace, and Transportation Systems trust OPSWAT to secure their files and devices; ensure compliance with industry and government-driven policies and regulations, and protect their reputation, finances,?

Engineering

NetSpi Executives

APRIL 27, 2024

Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Protect your backup systems. Does backup protect against ransomware? That’s why off-site backups are critically important for recovery. Be sure to segment and isolate access to your backup management interfaces.

Ransomware

SecureList

SEPTEMBER 11, 2023

The gang has scored a series of resonant attacks on oil companies, financial services , government agencies and healthcare providers. As with most cyberextortionists lately, the Cuba gang encrypts victims’ files and demands a ransom in exchange for a decryption key.

Ransomware

Spinone

DECEMBER 26, 2018

I’m not exaggerating: A s ecure cloud backup solution can save hours, days, months and years of your team’s work. That said, empower your employees with an effective and simple Data Loss Protection solution , allowing Automated backup and restore, deletion control , smooth migration, version control , activity reports, etc.,

Security Awareness

Spinone

JANUARY 27, 2019

This includes such critical capabilities as backing up mission critical data, controlling data locality of both production and backup data. Security and Data Leak Security and specifically data leak are tremendously concerning for financial institutions. Financial data is perhaps one of the most sensitive types of data.

Banking

Centraleyes

MAY 23, 2024

Benefits of Data Access and Governance Strong data access governance benefits firms in various industries, including financial services, retail, and healthcare. Data Backup and Recovery: Implement frequent data backup practices to protect crucial information in the case of data loss or corruption.

Government

Spinone

MAY 22, 2020

Read also: The Cost of Data Breach: Calculate the ROI of Backup How Much Does Cybersecurity Cost? An example is found in the report “ Pursuing Cybersecurity Maturity at Financial Institutions ” by Deloitte and the Financial Services Information Sharing and Analysis Center.

Cybersecurity