SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

Risk 79

Risk Artificial Intelligence Cybersecurity Financial Services 79

Adam Levin

NOVEMBER 13, 2018

The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve

Cyber Risk 203

Cyber Risk Risk Financial Services Manufacturing 203

Security Boulevard

JUNE 26, 2023

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?

Data breaches 52

Data breaches Healthcare Telecommunications Financial Services 52

CyberSecurity Insiders

MARCH 27, 2021

Third-party risk management is important because failure to assess third-party risks exposes an organization to supply chain attacks , data breaches, and reputational damage. This can include the management of sub-contracting and on-sourcing arrangements ( fourth-party risk ). What is third-party risk management?

Risk 134

Risk Data breaches Financial Services Backups 134

Thales Cloud Protection & Licensing

NOVEMBER 4, 2020

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. Increased contactless and mobile payments introduce bigger risks.

Financial Services 62

Financial Services Mobile Digital transformation Encryption 62

Heimadal Security

SEPTEMBER 14, 2023

A data breach in the financial sector is one of the most impactful events in the cybersecurity landscape. That is because Banking, Financial Services, and Insurance (BFSI) institutions/ financial institutions safeguard and store not only our money but also very valuable data.

Banking 52

Banking Risk Cybersecurity Financial Services 52

Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage. Third-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

Security Boulevard

SEPTEMBER 26, 2022

Cost of a Machine Identity Data Breach with Yahoo! Consequences from the Yahoo Data Breach. Though it’s easy to focus on the cost of a data breach, the ramifications of Yahoo!’s s breach were vast and equally as destructive. accounts and other important data were targeted, Yahoo! billion to $4.48

Data breaches 69

Data breaches Digital transformation Cyber Attacks Encryption 69

SecureWorld News

SEPTEMBER 15, 2020

Now the Department of Veteran's Affairs (VA) is sending breach notification letters to tens of thousands of veterans impacted by a recent data breach. What do we know about the VA data breach against veterans? How large was the VA data breach? How do I know if I am part of the VA data breach?

Data breaches 52

Data breaches Social Engineering Financial Services Government 52

The Last Watchdog

FEBRUARY 15, 2024

15, 2024 – Harter Secrest & Emery LLP , a full-service business law firm with offices throughout New York, is pleased to announce that it has been selected as a NetDiligence-authorized Breach Coach ® , a designation only extended to law firms that demonstrate competency and sophistication in data breach response.

Data breaches 100

Data breaches Big data Financial Services Retail 100

SecureWorld News

FEBRUARY 15, 2024

Bank of America is notifying customers that their personal information was compromised in a data breach impacting Infosys McCamish Systems (IMS), a third-party vendor. The breach reportedly occurred after IMS was hacked in November 2023. See the agenda and register for free here.

Banking 93

Banking Financial Services Data breaches Threat Detection 93

Security Boulevard

NOVEMBER 10, 2022

Flagstar said it has no evidence that any of the information obtained in the latest breach has been misused – nonetheless, at least two customer lawsuits are in the courts, one filed by a plaintiff who claims that his identity was falsely used to take out a loan after the breach. RiskLens is the leader in cyber risk quantification .

Cyber Risk 52

Cyber Risk Risk Banking Financial Services 52

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. This would change the economics of consumer finance and the illicit data economy that exists today.

Banking 263

Banking Financial Services Marketing Data privacy 263

CyberSecurity Insiders

MARCH 17, 2023

Hitachi says that it disconnected the server as soon as it learnt about the incident and deployed a team of cybersecurity experts to analyze and mitigate the risks associated with the malware attack. Information is also out that the same gang was also behind the data breach of personal details of over 35,000 PayPal users.

Software 136

Software Ransomware Data breaches Financial Services 136

IT Security Guru

MARCH 27, 2024

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) was born from a realisation that businesses, particularly those in financial services, rely increasingly on Information and Communications Technology (ICT) and digital means to operate. DORA takes effect in January 2025.

Financial Services 76

Financial Services Risk Penetration Testing Technology 76

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

The Last Watchdog

JULY 11, 2023

By using real-time antivirus scanning to detect and neutralize security risks as they enter the trading system, threats can be quickly identified and eliminated. Industry-standard algorithms for encryption can ensure all data, in transit and at rest, is safe. •Employ real-time antivirus scanning. Prioritize continuous threat detection.

Penetration Testing 189

Penetration Testing Antivirus Threat Detection Encryption 189

Security Affairs

DECEMBER 26, 2023

Securities and Exchange Commission regulations are expected to fuel heightened interest among malicious actors in orchestrating network intrusions and data breaches within these entities. Recent U.S.

Cyber threats 128

Cyber threats Energy and Utilities Artificial Intelligence Cyber Attacks 128

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6 CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

Data breaches 112

Data breaches Cybercrime Firewall Artificial Intelligence 112

Security Affairs

OCTOBER 6, 2022

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.

Data breaches 98

Data breaches Scams Telecommunications Financial Services 98

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

Virtually every major financial institution, retailer, and scores of payment processors have been the victims of data breaches, incurring both financial and reputational damage. According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. Requirement 12.5

Financial Services 78

Financial Services Data breaches Accountability Encryption 78

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

Black Friday and Cyber Monday, both hailed as the epitome of shopping extravagance, are also synonymous with a heightened risk of cyberattacks on retail platforms. Data breaches in the retail sector illustrate the vulnerabilities inherent to this industry, emphasizing the need for robust cybersecurity measures.

Retail 83

Retail Cybersecurity Financial Services Mobile 83

SecureWorld News

DECEMBER 6, 2023

The proposed regulations, designed specifically for hospitals, establish a robust framework for cybersecurity risk management and incident response. The strategy provides public and private stakeholders with a roadmap for cyber risk mitigation and outlines a plan to protect critical infrastructure, networks, data, and technology systems.

Cyber Attacks 84

Cyber Attacks Healthcare Computers and Electronics Financial Services 84

SC Magazine

MARCH 11, 2021

The lasting impact of 2020 on cybersecurity has come more clearly into relief, as security professionals reported more mature, effective strategies and approaches spanning threat prevention, detection and response – with many businesses reallocating resources to address risks tied to the workforce. respondent in financial services.

Risk 65

Risk Financial Services Technology Artificial Intelligence 65

Krebs on Security

DECEMBER 13, 2022

“InfraGard connects critical infrastructure owners, operators, and stakeholders with the FBI to provide education, networking, and information-sharing on security threats and risks,” the FBI’s InfraGard fact sheet reads. Department of Justice in April.

Hacking 362

Hacking Energy and Utilities Cybercrime Accountability 362

SecureWorld News

APRIL 17, 2023

Pros of cyber insurance Financial protection: Cyber insurance can help protect an organization from significant financial losses resulting from a cyberattack or data breach. Cons of cyber insurance Cost: Cyber insurance can be expensive, particularly for organizations that are considered high-risk. Is it required?

Cyber Insurance 101

Cyber Insurance Insurance Risk CISO 101

Security Affairs

OCTOBER 29, 2021

“The government and the people of Papua New Guinea can be assured that the government financial services will continue as usual,” Pundari said. “The Department is conscious of the security and integrity of its data. The government was not able to pay cheques and ordinary operations were impacted.

Ransomware 113

Ransomware Government Financial Services Cybercrime 113

Thales Cloud Protection & Licensing

APRIL 29, 2024

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. Very Large Online Platforms (VLOPs), such as Facebook, Booking, and LinkedIn, and search engines like Google Search, will face stricter requirements for transparency, risk assessment, and content moderation.

Risk 71

Risk Manufacturing Digital transformation Cybersecurity 71

SC Magazine

APRIL 19, 2021

Recently, New York State’s Department of Financial Services issued a memorandum providing guidance to the insurance industry to help stabilize and safeguard the cyber insurance market. The NY DFS Cyber Insurance Risk Framework outlines a 7-point program for insurers to manage their cyber insurance risk.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Thales Cloud Protection & Licensing

NOVEMBER 22, 2021

The full digitization of contracts, subscriptions and consumption of services. This drive towards digital transformation allowed financial services to be one of the sectors that better weathered the Covid 19 pandemic. Financial institutions find themselves in a difficult situation. Reducing risk and complexity.

Banking 71

Banking Digital transformation Financial Services Risk 71

BH Consulting

APRIL 27, 2021

Data breaches and cyber attacks are, unfortunately, becoming a regular occurrence. At the same time, many companies are increasingly asking organisations they work with to show they handle all data securely. Some of the other reasons for achieving certification are to: • Manage your IT security risk.

Financial Services 98

Financial Services Information Security CISO Manufacturing 98

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

Government 57

Government Risk Retail Insurance 57

Security Boulevard

APRIL 29, 2024

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. Very Large Online Platforms (VLOPs), such as Facebook, Booking, and LinkedIn, and search engines like Google Search, will face stricter requirements for transparency, risk assessment, and content moderation.

Risk 72

Risk Manufacturing Cybersecurity Digital transformation 72

Thales Cloud Protection & Licensing

FEBRUARY 12, 2024

With each of these new technologies come great benefits, but they also come with great risks, particularly from Quantum computers. The sheer magnitude of their inherent design makes the risks stemming from this new technology extremely impactful. Otherwise, there is a very high risk of organizational wide downtime or data breaches.

Artificial Intelligence 71

Artificial Intelligence Technology Digital transformation Risk 71

Security Affairs

JUNE 20, 2023

Various data sovereignty challenges arise for many businesses, such as cross-border data transfers, compliance with differing data protection laws, and protecting sensitive information from unauthorized access. DDR in Cybersecurity Data sovereignty has a profound impact on cybersecurity.

Risk 98

Risk Government Cybersecurity Financial Services 98

SecureWorld News

OCTOBER 20, 2022

"A cybersecurity workforce gap jeopardizes the most foundational functions of the profession like risk assessment, oversight and critical systems patching. More than half of employees at organizations with workforce shortages feel that staff deficits put their organization at a 'moderate' or 'extreme' risk of cyberattack.

Cybersecurity 78

Cybersecurity InfoSec Financial Services Insurance 78

Security Affairs

APRIL 8, 2020

The drug testing firm Hammersmith Medicines Research LTD (HMR), which performs live trials of Coronavirus vaccines, discloses a data breach. ” reads the data breach notification published by the company. The research firm revealed that many of the government IDs exposed in the data breach have since expired.

Ransomware 126

Ransomware Data breaches Healthcare Advertising 126