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Cyberattacks threaten big losses and PR crises for financial services firms

SC Magazine

With data breaches causing an average loss of $4.2 million, financial services firms are laser-focused on cloud vulnerabilities, attacks against internet-of-things devices and other prevalent threats. . The heavily regulated environment in which financial services firms operate adds a layer of complexity —?and

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How to Prevent Data Breaches: Data Breach Prevention Tips

eSecurity Planet

With the ever-present threat of data breaches, organizations need to adopt best practices to help prevent breaches and to respond to them when they occur to limit any damage. And breaches will occur – because bad guys make a living by figuring out ways to circumvent security best practices.

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Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

The end result of these types of cyber attacks are often highly public and damaging data breaches. 1 in 4 Americans reported that they would stop doing business with a company following a data breach, and 67% of consumers reported a loss of trust in an organization following a breach. What Are Data Breaches?

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Mastercard data breach affected Priceless Specials loyalty program

Security Affairs

Mastercard disclosed a data breach that impacted customer data from the company’s Priceless Specials loyalty program. The American multinational financial services corporation noti f ied the data breach to the German and Belgian Data Protection Authorities. Pierluigi Paganini.

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19-Year-Old man arrested for misusing leaked record from Optus Breach

Security Affairs

The Australian Federal Police (AFP) arrested a 19-year-old teen from Sydney for attempting to use data from the Optus data breach in SMS scams. Early this week, the company confirmed that the breach impacted nearly 2.1 million individuals. ” reads the announcement published by the AFP. said Gough.

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Episode 247: Into the AppSec Trenches with Robinhood CSO Caleb Sima

The Security Ledger

Paul speaks with Caleb Sima, the CSO of the online trading platform Robinhood, about his journey from teenage cybersecurity phenom and web security pioneer, to successful entrepreneur to an executive in the trenches of protecting high value financial services firms from cyberattacks. Once more unto the (data) breach!

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FBI’s Vetted Info Sharing Network ‘InfraGard’ Hacked

Krebs on Security

Prior to its infiltration by the FBI, RaidForums sold access to more than 10 billion consumer records stolen in some of the world’s largest data breaches. This is a developing story.

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