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Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment

Thales Cloud Protection & Licensing

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Companies and organizations, whether in the public or in the private sector, are re-establishing their business in the era of information and data revolution. Weak security practices lead to data breaches.

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Financial Services Data – More at risk than you’d believe

Thales Cloud Protection & Licensing

One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. Each and every environment and instance requires a data security plan and implementation tuned to the environment.

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Octo Tempest cybercriminal group is "a growing concern"—Microsoft

Malwarebytes

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.

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Anomali Harris Poll Research Shows 87 Percent of Enterprise Security Decision Makers Have Had Successful Cyberattacks Perpetrated Against Their Businesses Over the Past Three Years, Ransomware Payments Topped $1 Million

CyberSecurity Insiders

Only 46 percent of enterprise security decision makers strongly agree that their cyber-protection technologies can evolve to detect new globally identified threats. We were encouraged to learn that many organizations are devoting more resources to cybersecurity and adopting new technologies to become more resilient.

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Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

Data breaches caused by weak security measures and procedures result in severe monetary losses, erosion of clients’ trust, and irreversible reputation damage to organizations in the healthcare, financial services, technology, and retail industries, as well as government and public sector entities.

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Hush – This Data Is Secret

CyberSecurity Insiders

Is There Ever Too Much Data? As a security practitioner, you know that businesses are fuelled not only by people but by data. Years ago, the phrase “Big Data” was a new, innovative way to gain a business advantage. Now, big data is the norm. All of the regulations do not make clear distinctions.

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How to Prevent Data Breaches: Data Breach Prevention Tips

eSecurity Planet

A CRM at a large financial services company might have an RTO of 15 minutes, while a storage archive for cold data may have an RTO of 12-24 hours. Enter flow technologies such as NetFlow, which deliver performance metrics while providing over 90 percent of the visibility available from packet analysis.