The Last Watchdog

MARCH 22, 2023

APIs have been a linchpin as far as accelerating digital transformation — but they’ve also exponentially expanded the attack surface of modern business networks.

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Risk Banking Digital transformation Authentication 202

SC Magazine

FEBRUARY 2, 2021

A quasi-governmental entity in the United Kingdom is rolling out a new tool designed to boost fraud protections among open banking partners, offering an interesting lesson in risk management amid digital transformation. While the introduction of open banking in the U.K. Mirroring electronic health care efforts in the U.S.,

Digital transformation 73

Digital transformation Banking Risk Identity Theft 73

Security Boulevard

JULY 28, 2021

Accelerate Open Banking Innovation with These 7 Data Capabilities. The inability to automate data impedes time to market with open APIs and banking features at over half of Europe’s banks, according to new research. The data stockpiled in banking institutions is a lot like rocket fuel. Wed, 07/28/2021 - 12:34.

Banking 142

Banking Marketing Digital transformation Risk 142

CyberSecurity Insiders

DECEMBER 17, 2021

Both large financial institutions as well as community banks and credit unions are responding to growing awareness to step up pro-environmental standards from various stakeholders including consumers, employees, investors, competitors, eco-system partners and government entities.?

Banking 137

Banking Government Digital transformation Marketing 137

Security Boulevard

AUGUST 23, 2024

Oink, oink, FAIL—you’re in jail: Kansas bank chief exec Shan Hanes stole money from investors, a church and others to buy cryptocurrency to feed a scam. The post Pig Butchering at Heart of Bank Failure — CEO Gets 24 Years in Jail appeared first on Security Boulevard.

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Banking Cryptocurrency Scams Digital transformation 133

Thales Cloud Protection & Licensing

NOVEMBER 22, 2021

How can banks succeed in the digital banking era? The growth of the digital economy has completely changed consumer habits. It is no different in banking, where digital-only banks are growing rapidly. To compete, financial institutions are investing heavily in digital transformation.

Banking 71

Banking Digital transformation Financial Services Risk 71

The Last Watchdog

MAY 24, 2022

Companies in the throes of digital transformation, and especially post Covid19, have never been more motivated to adapt a new authentication paradigm – one that eliminates shared secrets. Password abuse at scale arose shortly after the decision got made in the 1990s to make shared secrets the basis for securing digital connections. “Our

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Authentication Passwords Banking Digital transformation 342

Thales Cloud Protection & Licensing

OCTOBER 4, 2021

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

Banking 114

Banking Digital transformation Encryption Backups 114

Security Boulevard

OCTOBER 28, 2021

The shift to digital banking has been a game-changer for financial institutions. But while digital has opened up whole new avenues for customer experience and revenue within the banking sector, one major worry continues to cause many financial professionals to lose sleep: Cybersecurity.

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Banking Cybersecurity Digital transformation Financial Services 105

Security Boulevard

MARCH 9, 2022

How to Address the Vulnerabilities in Open Banking Major cyberattacks have made international news repeatedly over the last years, and there is no indication that cyberattacks will be slowing down. The post API’s Are Leaving Digital Banking Services Unlocked appeared first on Enzoic. In 2020, the. In 2020, the.

Banking 105

Banking Ransomware Risk Digital transformation 105

Security Boulevard

APRIL 13, 2022

Now, banks are leading the way in. The post Cloud-based MFA and issuance accelerates BancoEstado’s digital transformation appeared first on Entrust Blog. The post Cloud-based MFA and issuance accelerates BancoEstado’s digital transformation appeared first on Security Boulevard.

Digital transformation 52

Digital transformation Banking 52

Security Boulevard

JANUARY 24, 2024

The online commercial banking industry is experiencing a rising challenge with the subtle yet impactful presence of reverse proxy attacks, particularly in the form of reverse proxy phishing. Read on […] The post Commercial Banking Takes on Reverse Proxy Phishing appeared first on Security Boulevard.

Banking 69

Banking Phishing Digital transformation 69

Thales Cloud Protection & Licensing

OCTOBER 11, 2024

In finance and payments, the integration offers robust authentication to secure bank teller, back office, and customer data without requiring added friction and liability such as push notifications to trusted devices.

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Authentication Retail Healthcare Manufacturing 132

The Last Watchdog

JUNE 3, 2022

This is the dark side of digital transformation. He told me about this recent example: an attacker was able to slip malicious code into a zip file sent from an attorney to a banking client in a very advanced way. we’re seeing evasive objects embedded in those files designed to propagate downstream within the enterprise.”.

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Unstructured Data Malware Digital transformation Authentication 272

The Last Watchdog

AUGUST 16, 2022

However, if you plan several digital transformation projects or operate in an agile environment where applications are developed or updated rapidly, such as two-week sprints, consider tying your policy review to your rate of change. After all, if you don’t know what or where your most sensitive is stored, you can’t protect it.

Cloud Migration 202

Cloud Migration Digital transformation Architecture Technology 202

Cisco Security

JANUARY 6, 2022

Digital transformation though does not wait for pristine security measures and policies to be put in place. Rather, digital transformation can force us to wrap devices or application like workloads and IoT devices in zero-trust policies elegantly or inelegantly; digital transformation does not care.

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The Last Watchdog

OCTOBER 26, 2021

Related: A primer on advanced digital signatures. PKI and digital certificates were pivotal in the formation of the commercial Internet, maturing in parallel with ecommerce. Clearly, many companies need to get a better grip on PKI management simply to keep from derailing digital transformation.

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Digital transformation eCommerce Internet Internet 230

Security Boulevard

MARCH 11, 2024

As the digital transformation is deepening, the banking industry is making efforts to build digital banks, open banks, and scenario-based financial business models. On one hand, banks are pushed to pay more attention to online operations and to enhance their openness.

Banking 59

Banking Digital transformation Cyber Attacks Risk 59

Thales Cloud Protection & Licensing

APRIL 9, 2025

This comprehensive product portfolio makes Thales an ideal choice for businesses at any stage of their digital transformation journeys, from established entities to nimble fintech startups looking for cloud-native security solutions.

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Digital transformation Marketing Banking Cloud Migration 71

Security Boulevard

MAY 5, 2022

ForgeRock IDLive 2022 is an awesome opportunity for us to share exactly how ForgeRock can dramatically impact your digital transformation. We are extremely excited to spend time with our customers, partners and prospects to discuss how we deliver real business value through digital identity.

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Digital transformation Banking Retail Healthcare 52

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

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.

Financial Services 62

Financial Services Cybersecurity CISO Backups 62

Thales Cloud Protection & Licensing

AUGUST 3, 2024

Fraud detection in banking josh.pearson@t… Sat, 08/03/2024 - 23:33 Banks and financial institutions (FIs) use fraud detection in banking technologies and strategies to reduce the risks of fraud to their business. Banks take two broad approaches to combatting fraud: fraud detection and fraud prevention.

Banking 62

Banking Risk Authentication Cyber Attacks 62

Thales Cloud Protection & Licensing

JULY 1, 2024

Open banking and PSD2: Secure innovative services via Open API josh.pearson@t… Mon, 07/01/2024 - 21:28 Access Control Identity & Access Management Ammar Faheem | Product Marketing Manager More About This Author > E-commerce is now a fact of life. New actors will change the traditional banking landscape. Why is open banking a big deal?

Banking 62

Banking Financial Services Digital transformation Accountability 62

Security Boulevard

AUGUST 16, 2022

With the highest penetration rates for digital banking and the increased adoption of digital transformation, The post 1.5 Million Customers Impacted By US Bank Data Breach – Possible Lessons Learned appeared first on Indusface. The post 1.5

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Data breaches Banking Digital transformation Cyber Attacks 52

The Last Watchdog

APRIL 14, 2020

In one sense, digital transformation is all about machines. Here are excerpts, edited for clarity and length: LW: Can you frame the top challenges businesses face as digital transformation accelerates? Hudson: The world as we once knew it is becoming digitalized. Everything.

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Digital transformation Passwords Software Internet 138

Security Boulevard

MAY 31, 2022

It’s cool to win banks as customers – it’s even more cool when they go public with the news ! I especially enjoyed my conversation with Ryan Melle, SVP and CISO at Berkshire Bank. I especially enjoyed my conversation with Ryan Melle, SVP and CISO at Berkshire Bank. He’s a pragmatist, and he gets things done quickly.

Banking 52

Banking Digital transformation Architecture Big data 52

Security Affairs

AUGUST 19, 2022

Undersecretary for Digital Transformation Luukas Ilves announced that Estonia was hit by the most extensive wave of DDoS attacks it has faced since 2007. Estonia announced to have blocked a wave of cyber attacks conducted by Russian hackers against local institutions. E-Estonia services were not disrupted.

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DDOS Computers and Electronics Digital transformation Government 142

Security Affairs

AUGUST 18, 2020

Namely, money received from hacker attacks on international companies, distribution of malicious software, theft of funds from the bank accounts of foreign companies and individuals.” The cyber agents found digital evidence of criminal activity of the suspects on the seized equipment.

Cryptocurrency 140

Cryptocurrency Computers and Electronics Cybercrime Digital transformation 140

Thales Cloud Protection & Licensing

NOVEMBER 13, 2024

Deepfake Fraud – Defense Strategies for Banks, Lenders & Financial Institutions madhav Thu, 11/14/2024 - 06:39 In the age of Generative Artificial Intelligence (Gen AI), banks and financial institutions face increasing threats from sophisticated fraud techniques, including deepfakes, through Identity Spoofing.

Banking 62

Banking Authentication Artificial Intelligence Risk 62

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. Digital transformation had taken hold; so their timing was pitch perfect.

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Cyber Risk Risk Digital transformation Insurance 266

Security Boulevard

JULY 22, 2021

In the financial services industry, the opposing dynamics of fintech companies and banking organizations create the perfect storm of risk. Fintechs have very little experience dealing with regulations, whereas traditional banks aren’t accustomed to the fast-paced, changing environment in which fintech startups operate. .

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Banking Digital transformation Technology Engineering 111

The Last Watchdog

NOVEMBER 30, 2021

Thompson was thus able to manipulate APIs and command line interfaces (CLIs) to a number of bank systems, including S3 buckets holding valuable data. The Peloton, Experian and Capital One hacks reflect the challenge of balancing security with the fast pace of digital transformation. Runtime vigilance.

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Big data Digital transformation Accountability Hacking 240

Security Boulevard

MARCH 22, 2023

APIs have been a linchpin as far as accelerating digital transformation — but they’ve also exponentially expanded the attack surface of modern business networks. banking regulators call out APIs as embodying an attack surface full of risk appeared first on Security Boulevard.

Banking 52

Banking Digital transformation Risk Security Awareness 52

The Last Watchdog

APRIL 3, 2019

Related: Identity governance issues in the age of digital transformation. In this digitally transformed environment, maintaining perimeter defenses still has a place. Identity governance and administration, or IGA , has suddenly become a front-burner matter at many enterprises.

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Digital transformation Insurance Government Financial Services 140

Jane Frankland

APRIL 17, 2024

Their research also underscores the correlation between high digital evolution, momentum, and user engagement, signifying the importance of seamless user experiences and consumer willingness to adopt new technologies. This makes sense, especially considering the relationship between trust, digital transformations and cybersecurity.

Identity Theft 204

Identity Theft Digital transformation Technology Risk 204

CyberSecurity Insiders

JANUARY 10, 2022

We’ve already seen large financial institutions and banks taking steps towards becoming greener by offering green loans to businesses. They are also encouraging consumers to adopt digital statements and online banking that help reduce the use of paper and associated transportation activities. .

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Digital transformation IoT Banking Technology 106

Thales Cloud Protection & Licensing

JANUARY 31, 2025

Employ advanced 2FA, like security keys or biometrics, for highly sensitive accounts, such as banking, email, or company access, where data breaches have severe consequences. The Future of Authentication: Passkeys and 2FA, Together Used together, Passkeys and 2FA form a formidable defense.

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Phishing Passwords Password Management Authentication 62