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Bank Sepah, one of Iran's oldest and most strategically essential banks, suffered major outages across its ATMs and online services on June 17th. The alerts urge CISOs to elevate monitoring and reinforce incident response protocols in light of heightened geopolitical risk. This is not just a Middle East issue.
As geopolitical instability, supply chain disruption, and cyber threats continue to escalate, third-party risk management (TPRM) is evolving from a compliance function to a strategic business imperative. According to the EY survey , 87% of organizations have experienced a third-party risk incident in the past three years.
Whether you’re a bank, a mining company, or an airline, this is a soft, underlying hygiene problem, says Tim Eades , CEO of Anetac. Eades explained how Anetacs founding team interviewed dozens of CISOs before launching a platform purpose-built to tackle this blind spot. On-premise was ugly and hard. The cloud is just a mess.
banks and financial firms are being targeted by scammers using deepfake videos, AI-generated voices, and advanced chatbots to deceive employees and customers. security leaders and bank executives, defending against this high-tech impostor has become a top priority in 2025. In 2025, U.S. In 2025, numerous U.S.
The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.
A healthcare CISO I mentored was frustrated by apparent lack of support for a medical device security program. This response acknowledges their point while introducing compelling evidence of the evolving risk. I worked with a bankCISO who was struggling to get approval for a cloud security program.
CISO and Operation Managers are increasingly attentive to the security and efficiency returns of frictionless onboarding and authentication for professionals working in dynamic, multi-user environments. Enhanced privacy and security : eliminate the need to store personal information, reducing risk and meeting global privacy standards.
And get the latest on exposure response strategies and on CISO compensation and job satisfaction. Embrace change: Stay attuned to emerging cyber risks and be ready to modify cybersecurity processes accordingly. million-plus annually, CISOs at large enterprises are making bank, but, ironically, job dissatisfaction among them is high.
Cyber risk remains top of mind for business leaders A regular January fixture, the World Economic Forums Global Risk Report 2025 features two technology-related threats among the top five risks for the year ahead and beyond. The report ranks risks by severity over two-year and 10-year timeframes.
Enacted in 2017, this regulation is all about minimizing risk in the financial services sector, which, lets face it, is prime real estate for cybercriminals. The program should be tailored to your specific business risks. Insight: Many businesses make the mistake of copying templates without understanding their unique risks.
Here is a quick summary of the most relevant regulations: Gramm-Leach-Bliley Act (GLBA) The GLBA mandates that a broad range of financial institutions based or operating in the United States, from banks and brokerage firms to payday and tax preparers, protect consumers personal financial information.
A recovering CISO, with more than 30 years' experience of both cybersecurity leadership and client consulting mostly in healthcare, Richard has lived in more than 30 countries and delivered innovative solutions to organizations in all of them.
Critical infrastructure is at risk, moreso thanks to AI. Kip Boyle, vCISO, Cyber Risk Opportunities LLC: The Challenge of Cultivating Buy-in from Leadership and Employees "Cybersecurity professionals will continue to face a critical challenge: cultivating genuine buy-in from both senior leaders and employees.
billion in financial crimes, with nearly 14% of investigations sparked by Bank Secrecy Act data. The AI-powered scam playbook From generative AI (GenAI) phishing emails to deepfake impersonations of IRS agents, attackers are raising the barand the risks. Identity theft and fraudulent refund schemes were major players.
30, 2024, CyberNewswire — The American Transaction Processors Coalition (ATPC) Cyber Council will convene “The Tie that Binds: A 21st Century Cybersecurity Dialogue,” on October 31, 2024, at the Bank of America Financial Center Tower’s Convention Hall in Atlanta. Atlanta, GA, Oct.
The movie starts on the outskirts of a jungle and the CISO (Arnie) with his team land in their helicopters. This is a perfect metaphor for how a CISO operates in day to day situations. This is a reminder to all security pros that they need to continually keep their skills up to date or risk becoming a dinosaur. Well read on.
Chief Information Security Officer (CISO) Luis Gonsalves, Head of Security for Portugal’s central bank, and founder of the Cloud Security Alliance’s Portugal Chapter, says Certified Cloud Security Professional (CCSP) stands out from other technical certifications. That’s the real differentiator ,” he says. Read the Full Article.
KrebsOnSecurity reviewed the Web sites for the global top 100 companies by market value, and found just five percent of top 100 firms listed a chief information security officer (CISO) or chief security officer (CSO). Nobody’s saying these companies don’t have CISOs and/or CSOs and CTOs in their employ.
Nassar: On a personal level, we use our mobile devices to access just about everything from our email, to our banking, to social media collaboration, to sharing photos with family, it’s all in a cloud-mobile environment. Some CISOs, at first, were reserved and said, ‘We’re not moving to the cloud.’
Hello, I am Helen Patton, and I am the newest Advisory CISO at Duo. While I was a CISO at Ohio State we partnered with Duo to implement MFA across our organization. Talk to a Higher Education CISO (note to security product engineers – if you ever want a testbed for your ideas, partner with a university). We don’t care.
The actual customers of the title insurance companies are principally the banks which back these mortgage transactions. “The [employee] did not request a waiver or risk acceptance from the CISO.” ” Rasch said First American’s first problem was labeling the weakness as a medium risk.
This is why CISOs everywhere should be concerned. CISOs should begin to familiarize themselves with these and evaluate their potential suitability for adoption. Once that ecosystem is understood and its supporting cryptology has been identified, CISOs should develop a plan that considers quantum-resistant technology.
Mário João Fernandes, born and raised in Mozambique, has been working in the banking sector for 29 years and has been fulfilling dedicated security roles in the cybersecurity space for over 11 years. The post Hi-5 With A CISO <br><br> Mário Fernandes, Banco BPI appeared first on CybeReady.
17, 2023 — Cynomi , the leading AI-powered virtual Chief Information Security Officer (vCISO) platform vendor for Managed Service Providers (MSPs), Managed Security Service Providers (MSSPs) and consulting firms, has published the results of its first annual report, “ The State of the Virtual CISO 2023 ”. Tel Aviv, Israel, Aug.
When Steve Katz was named chief information security officer of Citibank in 1995, he was given two directives: build the best information security department in the world and limit the damage from the 1994 hack of the bank’s funds transfer system. Listen to episode 6 of CISO Stories, Your Job is to Make CyberSecurity Simple!
Many of the insights featured in the report come from the panel of CISOs in the webcast: Meredith Harper, vice president, chief information security officer, Eli Lilly and Company; Sydney Klein, chief information security officer, Bristol Myers Squibb; and Christopher Zell, vice president, head of information security, The Wendy’s Company.
Federal Reserve Chairman Statement on Cyber Risk. CBS News Anchor Scott Pelley asked the Fed Chairman about the odds of a systemic crisis like the one we saw in 2008, where banks and others needed bailouts. And then he continued: "But—the world changes, the world evolves, and the risks change as well. Very," replied Powell.
Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Cyber risks profiling. based CyberGRX. Cyber hygiene boost.
The data-reliance of digital banking means an AI-driven approach to cybersecurity and risk management is integral to success, UnionDigital BankCISO Dominic Grunden tells CSO. It was established in just five months, a timescale unheard of in the banking industry, Grunden says.
Chief Information Security Officers (CISO) have the luxury of being an incredibly hot commodity, so they can pretty much pick and choose where they work, as they are almost guaranteed to have a job waiting for them somewhere. And this is increasing cyber risk. In hopes of defending against attacks like these, Gov.
Although there’s no one magic solution to eliminating cyberattacks and cybercrime risks, there are steps you can take to reduce the chances of becoming a victim. Cybersecurity and Infrastructure Security Agency (CISA) has started a campaign to increase awareness of these risks to U.S. businesses called #ShieldsUp.
Craig Froelich, chief information security officer of Bank of America Merrill Lynch, described how cybersecurity is not just a technology risk during a 2017 annual meeting of the Securities Industry and Financial Markets Association. Craig Froelich, CISO at Bank of America. Certainly, that’s a positive development.
A few years ago, very few CISOs thought that storage & backups were important. This has driven CISOs to look again at potential holes in their safety nets, by reviewing their storage, backup and recovery strategies. “In So, storage houses critical high-risk data that feeds your applications and devices. Recommendations.
Prediction #2: Leaders will see APIs as representing both security and business risks. That’s because the lack of control, security, and governance around APIs doesn’t just increase risks, it is also operationally inefficient. Prediction #4: Organizations will right-size data storage to reduce risks.
4 interview, VCPI’s acting chief information security officer — Mark Schafer , CISO at Wisconsin-based SVA Consulting — confirmed that the company received a nearly identical message that same morning, and that the wording seemed “very similar” to the original extortion demand the company received. In our Dec.
Related: Kaseya hack worsens supply chain risk. This is the type of incident that could have been identified as a risk by a properly scoped penetration test and detected with the use of internal network monitoring tools. Once more, a heavily protected enterprise network has been pillaged by data thieves. We all know security is hard.
It's a common best practice among CISOs trying to get their employees invested in cybersecurity for the corporate network: make things personal. Department of Justice alert: rogue banking apps and trojans. If there's one thing we can all agree on, it's that a trip to the bank is one of the least exciting errands of all time.
A look ahead to 2023 we can expect to see changes in MFA, continued Hactivism from non-state actors, CISOs lean in on more proactive security and crypto-jackers will get more savvy. 5 – Recession requires CISOs to get frank with the board about proactive security. By Marcus Fowler, CEO of Darktrace Federal.
think tank focused on bipartisan solutions promoting health, security, and opportunity for all Americans has launched a working group with the aim of identifying the most pressing risks in cybersecurity. Craig Froelich , CISO, Bank of America. Phil Venables , CISO, Google Cloud. A Washington, D.C.,
Yet, despite these growing attacks, more than 25% of the financial services/insurance organizations surveyed lack a proper API strategy, putting them at a higher risk of API breaches. We looked at a few platforms, and Salt was the best solution for us.
Nowadays, organisations need digital leaders such as CIOs, CISOs, and CTOs who are strategists, visionaries, and know how to manage, effectively. The pressure for those in charge is immense as cyber risks have scaled, and can now bring businesses, economies, and communities to a halt. billion) is expected online.
Adaptive control, no trust, zero-trust, auto-remediation artificial intelligence, and content filter with multi-factor authentication aligning with your CASB deployment add in open-source technology, unpatched critical infrastructure, is your organization’s cybersecurity risks and compliance mandates protected? Banking on Next-Gen Everything.
He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider.
Passkeys and The Beginning of Stronger Authentication madhav Fri, 02/02/2024 - 05:23 How passkeys are rewriting the current threat landscape Lillian, an experienced CISO, surveyed the threat landscape. CISOs, like Lillian , can now redirect their focus to other critical aspects of cybersecurity. Fortunately, it didn’t have to.
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