The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Cyber Risk 147

Cyber Risk Risk Financial Services Banking 147

Joseph Steinberg

JULY 8, 2021

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents.

Insurance 364

Insurance Cyber Insurance Cybersecurity Small Business 364

Security Affairs

FEBRUARY 9, 2020

The president of the European Central Bank (ECB), Christine L agarde, is warning that a cyber-attack on a major financial institution could trigger a liquidity crisis. The president of the European Central Bank (ECB), Christine Lagarde, has warned that a coordinated cyber-attack on major banks could trigger a liquidity crisis.

Cyber Attacks 118

Cyber Attacks Banking Marketing Penetration Testing 118

SecureWorld News

APRIL 12, 2021

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. Will we need that following the pandemic? The odds of that, are very, very low.

Cyber Risk 103

Cyber Risk Risk CISO Banking 103

CyberSecurity Insiders

APRIL 29, 2022

IT asset management mitigates the unidentified unpredictability associated with cyber attacks. For instance, an asset designed to store the bank details of its clients will involve a higher security level as compared to the firm’s attendance monitoring system. . .

Cyber Risk 122

Cyber Risk Software Risk IoT 122

CyberSecurity Insiders

APRIL 22, 2021

With cyber attacks against financial and banking institutions now a daily occurrence, cyber threats have become the biggest risk to the global financial system, according to Federal Reserve Chairman Jerome Powell. But the world changes, the world evolves, and the risks change as well.

Cyber threats 141

Cyber threats Risk Cyber Risk Banking 141

The Last Watchdog

JUNE 2, 2022

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. Cyber risks profiling. CyberGRX’s global cyber risk Exchange caught on quickly.

Cyber Risk 266

Cyber Risk Risk Digital transformation Insurance 266

Thales Cloud Protection & Licensing

OCTOBER 4, 2021

9 Considerations For Hong Kong Banks To Address The STDB Guidelines. Cyber incidents pose a threat to the stability of the global financial system. The digital transformation initiatives have shifted the technology landscape and introduced new threats and risks. Tue, 10/05/2021 - 06:55.

Banking 114

Banking Digital transformation Encryption Backups 114

Security Boulevard

JANUARY 17, 2024

In today’s hyper-connected world, where social media, online banking, and digital communications are integral to our daily routines, athletes, much like celebrities, are increasingly susceptible to cyber risks. The post Educating Athletes about Cyber Risks: A Guide for Sports Agents appeared first on Security Boulevard.

Cyber Risk 64

Cyber Risk Education Risk Banking 64

SecureWorld News

MAY 13, 2025

"The number of third-party relationships is ballooning, but most organizations still rely on manual, outdated tools to monitor risk," says Greg Smith, EY Global TPRM Leader. Third-party cyber risk is no longer confined to the IT function. Invest in AI-powered platforms that provide real-time risk scoring and threat intelligence.

Risk 74

Risk Cyber Risk Artificial Intelligence Technology 74

The Last Watchdog

MAY 10, 2021

Here are the key takeaways: The genesis of risk-profiles. It turns out there is a ton of third-party risk profiles sitting around not being put to any kind of high use. Back in the mid-1990s, big banks and insurance companies came up with something called “bespoke assessments” as the approach for assessing third party vendor risk.

Risk 195

Risk Cyber Risk Insurance Banking 195

Krebs on Security

JANUARY 3, 2019

Jody Westby is the CEO of Global Cyber Risk LLC , a security consulting firm based in Washington, D.C. If you want to reach your bank, for example, call the number on the back of your card. the day before, but she didn’t answer that call).

Scams 279

Scams Phishing Cyber Risk Engineering 279

The Last Watchdog

JANUARY 3, 2023

Since many people use the same passwords across social media platforms and for sites for banks or credit cards, a criminal needs access to just one account to gain access to every account. With the rise in social media, criminals have more platforms with which to target potential phishing victims.

Risk 203

Risk Cybersecurity Antivirus Phishing 203

Security Boulevard

NOVEMBER 10, 2022

Flagstar Bank, the seventh largest bank mortgage lender in the US, announced in June, 2022, that it had been hacked in December, 2021, and personal data on 1.5 The bank is offering two years of credit monitoring to clients. RiskLens is the leader in cyber risk quantification . million customers exfiltrated.

Cyber Risk 52

Cyber Risk Risk Banking Financial Services 52

Security Boulevard

APRIL 18, 2024

The challenges presented by cyber risk have always loomed large for IT and business leaders in financial services. The post Fixing a $12bn Challenge for Banks Through Data-Centric Security appeared first on Security Boulevard. But today they have arguably reached a tipping point.

Banking 64

Banking Financial Services Cyber Risk Risk 64

BH Consulting

JANUARY 30, 2025

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.

Cyber Risk 69

Cyber Risk Computers and Electronics Risk CISO 69

Centraleyes

NOVEMBER 14, 2024

Telecommunications, airlines, and utilities are now in the “highest cyber-risk” category, according to Moody’s latest cyber risk heat map. times more likely than banks to have unpatched vulnerabilities, amplifying their attractiveness to attackers. Moody’s analysts found that telecom companies are 2.5

Cyber Risk 52

Cyber Risk Risk Telecommunications Digital transformation 52

CyberSecurity Insiders

JANUARY 24, 2022

by Great American, a powerful cyber risk management platform that combines the National Institute of Standards and Technology (NIST) driven, inside-out review of an organization’s cyber security posture with insights from continuous, external vulnerability scans and best-in-class cyber security ratings from SecurityScorecard.

Cyber Risk 52

Cyber Risk Insurance Risk Cyber Insurance 52

SecureWorld News

FEBRUARY 14, 2025

Never share sensitive information like address, phone number, or banking details with someone you just met online. Protect your personal information Valentine's Day scammers take advantage of social engineering and people letting their guard down around February 14th. Someone genuine would not be asking for that information," Machin said.

Scams 71

Scams Cybercrime Phishing Social Engineering 71

IT Security Guru

MARCH 18, 2025

There are lots of areas where were already really good at preventing fraud, like online banking, for example, noted the panel. Deepfakes join classic phishing and spear phishing as significant cyber risks for online daters. This might include ID verification, image verification checks and AI and deepfake prevention measures.

Scams 96

Scams Education Artificial Intelligence Media 96

The Last Watchdog

MAY 2, 2019

Small and midsize businesses — so-called SMBs — face an acute risk of sustaining a crippling cyberattack. This appears to be even more true today than it was when I began writing about business cyber risks at USA TODAY more than a decade ago. I had the chance at RSA 2019 to discuss the SMB security landscape at length with Gill.

Risk 182

Risk Cyber Risk Cyber threats Banking 182

CyberSecurity Insiders

SEPTEMBER 30, 2022

Going forward on the same issue, the National Cyber Security Alliance and Cybsafe have released an annual security report in which it revealed that 1 in every 4 American citizens became a victim of identity theft between 2020-21. And sometimes, 23% of them experienced cyber-bullying and around 20% of them became a victim of a romance scam.

Identity Theft 117

Identity Theft Scams Passwords Password Management 117

Security Boulevard

JUNE 27, 2025

banks, defense contractors and oil industry companies since the military bombings, although no widespread disruptions have been caused yet. According to the article, “Two pro-Palestinian hacking groups claimed they targeted more than a dozen aviation firms, banks and oil companies following the U.S. strikes over the weekend.

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Dark Reading

JUNE 17, 2020

How systemic cyber-risk threatens US banks and financial services companies

Financial Services 68

Financial Services Cyber Risk Banking Risk 68

CyberSecurity Insiders

SEPTEMBER 28, 2021

Never reveal your private details on web – Google discourages web users from sharing their details on the internet and this includes information such as mother’s name, birthdays, bank details or your personal contact number that can put to a potential risk on the world wide web.

Cybersecurity 130

Cybersecurity Internet Internet Passwords 130

SecureWorld News

NOVEMBER 23, 2020

We hear it all the time from the virtual stage of regional SecureWorld conferences: Cyber risk is business risk. And they turned their reading into profits: the hackers acted like representatives of the company and authorized millions of dollars in transfers to foreign banks accounts. Yes, cyber risk is business risk.

Cyber Attacks 117

Cyber Attacks Banking Cyber Risk Accountability 117

SecureWorld News

APRIL 13, 2025

For example, a Gulf-based bank struggled with high false positive alerts. American Express Bank is a significant example; it uses AI to monitor consumer transactions in real-time to detect suspicious fraud. AI's capacity to interpret data and grasp normal behavior patterns helps differentiate between serious dangers and false alarms.

Cybersecurity 87

Cybersecurity Artificial Intelligence Threat Detection Cyber threats 87

Security Boulevard

MARCH 7, 2025

Check out best practices for shoring up data security and reducing cyber risk. And get the latest on cyber scams; zero-day vulnerabilities; and critical infrastructure security. 1 - CSA: How to boost data security and reduce cyber risk Risk assessment gaps. Siloed cyber tools. Misaligned priorities.

Cybersecurity 64

Cybersecurity Scams CSO Risk 64

CyberSecurity Insiders

FEBRUARY 3, 2023

Cybersecurity Insiders has learnt from its sources that the threat actors accessed details such as tax file numbers, bank account details, superannuation data, in the attack that could lead to identity theft attacks in the coming weeks.

Cyber Attacks 117

Cyber Attacks Identity Theft Artificial Intelligence Cyber Risk 117

The Last Watchdog

OCTOBER 10, 2019

Related: Implications of huge Capital One breach CASBs supplied a comprehensive set of tools to monitor and manage the multitude of fresh cyber risks spinning out of the rise in in corporate reliance on cloud services. In doing so, CASBs became the fastest growing security category ever , as declared by Gartner.

Risk 200

Risk Cloud Migration Engineering Cyber Risk 200

Jane Frankland

MAY 3, 2025

It’s the May Bank Holiday, and as I sit at my desk, working, unanswered questions continue to swirl around the recent cyberattacks on Marks & Spencer (M&S) , the Co-op , and Harrods , leaving the full scope and implications of these breaches uncertain.

Cyber Attacks 100

Cyber Attacks Retail Cyber threats Backups 100

Security Affairs

FEBRUARY 4, 2024

The opportunity to acquire them in bulk will be extremely attractive for actors involved in spam, online banking theft, scam, business email compromise (BEC), and account takeover (ATO) activities. Dark Web actors have expressed a strong interest in AnyDesk customer credentials.

Scams 143

Scams Passwords Phishing Accountability 143

NopSec

AUGUST 30, 2013

If you are responsible for IT security in the financial services industry, you may have been asked by a regulator to disclose details on your company’s preparedness for cyber-attacks. NopSec has received requests for help from customers at banks, credit unions, and insurance.

Insurance 40

Insurance Cyber threats Banking Financial Services 40

The Last Watchdog

OCTOBER 7, 2019

Triaging cyber risks It struck me that a service like this is needed because companies are increasingly replacing legacy on-prem systems with third party services, ranging from cloud hosting and cloud storage to the modularized software development movement known as DevOps.

Cyber Risk 138

Cyber Risk Artificial Intelligence Big data DDOS 138

SecureWorld News

NOVEMBER 2, 2022

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.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Cyber Risk 98

Security Affairs

JUNE 11, 2023

Gox exchange and operating BTC-e Japanese Pharmaceutical giant Eisai hit by a ransomware attack Clop ransomware gang was testing MOVEit Transfer bug since 2021 Stealth Soldier backdoor used is targeted espionage attacks in Libya Researchers published PoC exploit code for actively exploited Windows elevation of privilege issue Experts detail a new Kimsuky (..)

Social Engineering 98

Social Engineering Data breaches Ransomware Cybercrime 98

SecureWorld News

FEBRUARY 20, 2025

As quantum computers grow, current encryption methods like RSA and ECC may soon become vulnerable," said Kip Boyle , vCISO, Cyber Risk Opportunities LLC. "Large enterprises should put testing quantum-resistant encryption on their roadmaps.

Encryption 80

Encryption Energy and Utilities Government Architecture 80