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What role does Cloud Computing play in Banking and Financial Services?

Security Boulevard

Banks in the financial services sector cannot function in the digital age without Cloud technology. The post What role does Cloud Computing play in Banking and Financial Services? Cloud Security Security Bloggers Network banking cloud computing Financial Services

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Unsupervised Machine Learning: Benefits for the Financial Services Industry

Security Boulevard

The post Unsupervised Machine Learning: Benefits for the Financial Services Industry appeared first on Security Boulevard. Security Bloggers Network Blog case-study Financial Services Unsupervised AI use case

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Why Financial Services Needs Network Transformation

Security Boulevard

All business industries have seen increasing pressure to digitize their services in recent years, particularly over the past 12 months in response to COVID-19. The post Why Financial Services Needs Network Transformation appeared first on Security Boulevard.

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Survey: Financial Services Firms Under Cybersecurity Siege

Security Boulevard

VMware today published a survey of 130 security leaders in the financial services sector that suggests more cyberattacks designed to undermine the integrity of public markets are being launched by cartels of cybercriminals.

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Financial Services IT Teams Relying on Legacy Cybersecurity Plagued By False Positives and Negatives

Security Boulevard

Cybersecurity teams working in financial and banking settings face a constant struggle — protecting industry regulated data with limited resources.

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Despite MDM, Financial Services Plagued by Phishing, Malware

Security Boulevard

Mobile device management (MDM) deployments haven’t exactly put the kibosh on threats to financial services. In fact, even while MDM adoption rose 50%, quarterly exposure to phishing between 2019 and 2020 jumped by 125%, according to the Lookout Financial Services Threat Report.

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Financial Services Firms Must Protect Data to Mitigate Growing Risks

Security Boulevard

But the criticality of financial services and the highly lucrative customer information held by firms in the sector make it a particular favorite of cyber-criminals. The question is what can financial institutions do to mitigate risk as their digital attack surfaces continue to expand?

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Cloud and Data Security for Financial Services

Security Boulevard

Financial service organizations are adopting the cloud at a rapid pace. The post Cloud and Data Security for Financial Services appeared first on Ermetic. The post Cloud and Data Security for Financial Services appeared first on Security Boulevard.

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How to Secure Financial Services Applications

Security Boulevard

Technology has dramatically transformed the financial services industry in the last decade, ushering in a new ecosystem of digital payment platforms. The post How to Secure Financial Services Applications appeared first on Security Boulevard.

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New York Financial Services Firms to Face More Cybersecurity Oversight

SecureWorld News

The New York State Department of Financial Services (NYDFS) is proposing an amendment to its regulations that will require financial services companies to up their cybersecurity game. Cybersecurity Original Content Financial Sector New York

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Latin American Financial Services: Sunny Climes and Cybercrimes

Digital Shadows

The post Latin American Financial Services: Sunny Climes and Cybercrimes first appeared on Digital Shadows. General Cyber security Threat Intelligence APT banking trojan cyber security Financial Services fraud Initial access brokers Latin America Ransomware Threat landscape

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Department of Financial Services Proposes Cybersecurity Regulation Updates

Heimadal Security

Earlier this month, Superintendent of Financial Services Adrienne A. Harris announced that the New York State Department of Financial Services (DFS) proposed an updated cybersecurity regulation.

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Financial Services is Ahead of Most Other Critical Infrastructure Sectors, but For How Long?

Security Boulevard

The financial services sector has been commended for being a step ahead of all other critical infrastructure sectors in their cybersecurity approach. The post Financial Services is Ahead of Most Other Critical Infrastructure Sectors, but For How Long?

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Anti-Fraud Partnership Brings Confidential Computing to Financial Services

Dark Reading

Intel, FiVerity, and Fortanix team up to launch an AI-driven fraud detection platform into a confidential computing environment

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The 4 most common bad bot attack methods targeting financial services

Security Boulevard

Organizations in the financial services sector are high-value targets for cybercriminals. The post The 4 most common bad bot attack methods targeting financial services appeared first on Blog.

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Why Compliance Is No Longer King for Financial Services Cybersecurity

Dark Reading

Financial services companies' experience in risk management serves them well when it comes to minimizing their cyber-risk

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FS-ISAC 2022: Cloud Security for Financial Services

Security Boulevard

Reading Time: 6 minutes FS-ISAC 2022 Europe wrapped up day one of workshops, presentations, and panels from experts and leaders in the financial services industry. The post FS-ISAC 2022: Cloud Security for Financial Services appeared first on Security Boulevard.

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Financial Services Organizations Have Fewer Security Flaws in Applications

Veracode Security

According to our most recent State of Software Security Report, the financial services industry has fewer security flaws in its applications than last year. The financial services industry has traditionally been recognized for having the least amount of security flaws.

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Operational Resilience Regulations for Financial Services – The Role of CRQ

Security Boulevard

The Australian Prudential Regulatory Authority (APRA) is the latest financial regulator to release proposed regulations regarding operation resilience[i], prompting me to collect my thoughts on how a Balbix-style cyber risk quantification (CRQ) solution could help meet these regulatory obligations.

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Financial Services Software Has Fewer Security Flaws Than Most Industries

CyberSecurity Insiders

The sector also falls to the middle of the pack for high-severity flaws, with 18 percent of applications containing a serious vulnerability, suggesting financial firms should prioritize identifying and remediating the flaws that matter most. BURLINGTON, Mass.–(

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IoT and Machine Identity Management in Financial Services

Security Boulevard

IoT and Machine Identity Management in Financial Services. How is IoT changing the financial sector? IoT has already positively impacted the financial sector and will only continue to in the future. How to protect IoT in the financial sector: machine identity.

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Cyberattacks threaten big losses and PR crises for financial services firms

SC Magazine

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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Financial Services Firms Operating Under False Sense of Security

Dark Reading

Trend Micro research finds most are over-confident about ability to withstand ransomware

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Why digital issuance is the perfect recipe for modern financial services

CyberSecurity Insiders

While instant card issuance has become a common service for many banks, digital issuance, where banks can issue card credentials directly to a customer’s mobile wallet, looms as the next development to revolutionise the way consumers interact with their financial services provider. .

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Financial services companies are ahead in hybrid cloud deployments

Tech Republic Security

But 73% of financial companies are moving applications off the cloud and back on premises

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Mitigating Insider Threat Risk in Financial Services

SecureWorld News

Director, Infrastructure Security at FINRA on the SecureWorld broadcast Mitigate Insider Risk in Financial Firms. 4 key findings of insider threats in the financial services sector. FINRA helps maintain the integrity of the financial markets and takes that role very seriously. "We

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Hackers Repeatedly Targeting Financial Services in French-Speaking African Countries

The Hacker News

Major financial and insurance companies located in French-speaking nations in Africa have been targeted over the past two years as part of a persistent malicious campaign codenamed DangerousSavanna.

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Mitigating Insider Threat Risk in Financial Services

SecureWorld News

Director of Infrastructure Security at FINRA, on the SecureWorld webcast Mitigate Insider Risk in Financial Firms. 4 key findings of insider threats in the financial services sector. FINRA helps maintain the integrity of the financial markets and takes that role very seriously.

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Cyberthreats Against Financial Services Up 56%

Dark Reading

Financial institutions interacting with customers online must prepare for a broader, more sophisticated variety of threats

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NYDFS Issues Ransomware Prevention Guidance for Financial Services Firms

Digital Guardian

The NYDFS has issued guidance for financial services companies on how to reduce the risk of ransomware attacks - like having a capable endpoint threat detection and response (EDR) solution in place

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Fortune 500 Financial Service Company Leverages Swimlane’s Low-Code Security Automation to Solve Cross-Departmental Security Use Cases

Security Boulevard

We recently sat down as part of Security Field Day to discuss how one of our Fortune 500 Financial Service customers matured their implementation of low-code. Every organization takes a unique approach to cybersecurity.

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Going green to make green – how plastic waste can power financial services

CyberSecurity Insiders

If this goal is to be achieved, the involvement of financial services providers, such as banks, will be essential. However, there are other ways financial institutions can help combat climate change. . Upcycled banking – how discarded plastic can power financial services .

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IBM develops financial services-ready public cloud

Tech Republic Security

A new platform is being unveiled that is aimed at banks and their suppliers. The goal is to help them adhere to strict industry regulatory compliance, security and resiliency requirements

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Vigilance Needed: Financial Services Firms Fight Imposter Scams

Digital Guardian

To tamp down on fraud and fight back against a new investment scam, the FBI and SEC is providing new guidance for investors to combat imposters

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New Financial Services Industry Report Reveals Major Gaps in Storage and Backup Security

Dark Reading

More than two-Thirds (69%) of respondents believe an attack on their storage & backup environment will have "significant" or "catastrophic" impact

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Top 7 Cyber Threats to the Financial Services Sector in 2022

Security Boulevard

In the old, in the with new: The financial cyber threat landscape In our latest report, we detail seven primary cyber threats that organizations across the financial services sector will face in 2022.

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Axio Joins with Cyber Risk Institute to Deliver Cybersecurity Resilience to Financial Services Institutions Across the Globe

Security Boulevard

New York, NY and Washington, DC — February 2, 2022 — Axio, a leading SaaS provider of cyber risk management and quantification solutions, today announced a new joint initiative with the Cyber Risk Institute (CRI), a non-profit coalition of financial institutions and trade associations.

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NY Department of Financial Services Issues Cyber Fraud Alert to Auto Insurers

Hot for Security

The New York Department of Financial Services (NYDFS) has issued an alert to instant-quote websites, particularly car insurers, warning of a growing campaign to steal nonpublic information (NPI).

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New Android Banking Trojan 'Revive' Targeting Users of Spanish Financial Services

The Hacker News

A previously unknown Android banking trojan has been discovered in the wild, targeting users of the Spanish financial services company BBVA.

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Fresh Options for Fighting Fraud in Financial Services

Dark Reading

Fraud prevention requires a consumer-centric, data sharing approach

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Financial Services Organizations Have Fewer Security Flaws in Applications

Veracode Security

According to our most recent State of Software Security Report, the financial services industry has fewer security flaws in its applications than last year. The financial services industry has traditionally been recognized for having the least amount of security flaws. This year, however, the manufacturing industry has dethroned financial services with an average of 72 percent of applications containing a security flaw.

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Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor

Thales Cloud Protection & Licensing

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor.

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Darktrace AI Stops Cyberattack Exploiting Log4j Vulnerability at Global Financial Services Provider

Dark Reading