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Defending Financial Services Against Fraud in a Shifting Cyber Landscape

Thales Cloud Protection & Licensing

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial.

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US Treasury Warns of Cybersecurity Risks AI Poses to Financial Sector

SecureWorld News

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.

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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

Since then reams of data stolen from the company have been posted online, with the attackers promising to publish more in the coming days. But the company says the malware did not jeopardize card data, and that the incident was limited to administrative areas of its business. Total System Services Inc. NYSE:GPN ].

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Toyota Financial Services discloses a data breach

Security Affairs

Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data.

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Kaiser Permanente data breach may have impacted 13.4 million patients

Security Affairs

Healthcare service provider Kaiser Permanente disclosed a security breach that may impact 13.4 Media reported [ 1 , 2 ] that the company is notifying millions of current and former members of a data breach. Exposed data does not include usernames, passwords, Social Security Numbers (SSNs), and financial data.

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GUEST ESSAY: New SEC rules aim to help C-levels, board members quantify cyber risks

The Last Watchdog

Securities and Exchange Commission (SEC) is taking steps to crack down on insufficient cyber risk reporting. Seeking to minimize cybersecurity threat effects, the SEC has proposed several amendments requiring organizations to report on cyber risk in a “fast, comparable, and decision-useful manner.”. Fostering understanding.

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What is the Difference Between DORA and GDPR?

Centraleyes

DORA, or the Digital Operational Resilience Act , marks a transformative milestone in financial regulation. It signaled a significant shift in the approach to digital risk management for financial entities and select ICT service providers. DORA’s mission is clear: to increase digital resilience within the financial sector.