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.

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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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.

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?

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. .

AIFinTech100 Recognizes BehavioSec as a Company Transforming the Financial Services Industry

Security Boulevard

Continue reading "AIFinTech100 Recognizes BehavioSec as a Company Transforming the Financial Services Industry". The post AIFinTech100 Recognizes BehavioSec as a Company Transforming the Financial Services Industry appeared first on BehavioSec.

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

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

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

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).

Why effective IT security is critical for Australia’s financial services sector

Security Boulevard

Of all the areas of business experiencing rising levels of cyber-security threat, the one attracting the most attention from criminals is the financial services sector. The post Why effective IT security is critical for Australia’s financial services sector appeared first on LogRhythm.

Financial Services: Web Application Attacks Grow by 38% In First Half of 2021

Security Boulevard

The post Financial Services: Web Application Attacks Grow by 38% In First Half of 2021 appeared first on Blog. The post Financial Services: Web Application Attacks Grow by 38% In First Half of 2021 appeared first on Security Boulevard.

Cyberthreats Against Financial Services Up 56%

Dark Reading

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

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

Financial Services Sector Rife with Hidden Tunnels

Threatpost

Hacks Vulnerabilities Web Security attack technique data exfiltration Equifax breach financial services hidden tunnels uptickAttackers use the approach to look like legitimate traffic and hide data exfiltration in plain sight.

Fresh Options for Fighting Fraud in Financial Services

Dark Reading

Fraud prevention requires a consumer-centric, data sharing approach

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

Banking’s Digital Future Raises Security Concerns

Security Boulevard

As the global financial services industry undergoes a seismic shift, disruption is prompting the industry to replace traditional practices, with emphasis on the inevitable digital future banks will have to embrace.

New: 2019 State of the Internet / Security: Financial Services Attack Economy

Dark Reading

Every organization should be paying attention to the attacks targeting financial services systems

Threatlist: Financial Services Firms Lag in Patching Habits

Threatpost

Most Recent ThreatLists Vulnerabilities 2018 Breaches financial services patching habits ponemon survey servicenowHalf of breached firms say they were compromised due to a vulnerability for which a patch was available but not applied.

5 on Friday – 5 Security Threats Facing the Financial Services Industry

GlobalSign

First up: How digital transformation is raising the alarm in financial services In this series, we're breaking down the top 5 cybersecurity challenges for several high-growth industries.

Public-Facing Financial Services Sites Ripe for Data Theft

Digital Guardian

COVID-19 has led to increased fraud activity; one of the latest campaigns has seen cybercriminals stealing data from public-facing insurance websites

100+ Financial Services Firms Targeted in Ransom DDoS Attacks in 2020

Dark Reading

Consumer banks, exchanges, payment firms, and card issuing companies around the globe were among those hit

Financial Services Breaches Less Common, More Damaging, Than Those in Other Sectors

Dark Reading

While far less common than breaches in other industry sectors, financial services breaches were more than twice as expensive, per record exposed, than the average for tech businesses

First American Financial Pays Farcical $500K Fine

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years.

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. IT security pros in financial services organizations reporting that their organization already had a data breach – but breaches are increasing at alarming rates.

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. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences.

'Hidden Tunnels' Help Hackers Launch Financial Services Attacks

Dark Reading

Hackers are using the infrastructure, meant to transmit data between applications, for command and control

Readout from a Treasury Spokesperson of the Administration’s Meeting with Financial Regulators and CEOs on Cybersecurity in the Financial Services Sector

Doctor Chaos

Lew and Assistant to the President for Homeland Security and Counterterrorism Lisa Monaco co-hosted a meeting with financial services executives, financial regulators, and Administration officials to discuss cybersecurity and the financial stability implications of a significant cyber incident. Today, Treasury Secretary Jacob J.

In the Financial Services Industry, 74% of Apps Have Security Flaws

Veracode Security

Over the past year, the financial services industry has been challenged with pivoting its operations to a fully digital model, putting the security of its software center stage. What does this mean for the financial services industry?

NY Charges First American Financial for Massive Data Leak

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. First American Financial Corp. Data Breaches The Coming Storm First American Financial Corp. New York State Department of Financial Services Reuters

Spoofed Domains Still a Persistent Threat

Security Boulevard

Cybersecurity Data Security Deep Fake and Other Social Engineering Tactics Editorial Calendar Featured Identity & Access Security Boulevard (Original) Social Engineering Spotlight Threat Intelligence credential loss domain Financial Services Security typo-squatting website spoofing

How your application and data security strategy can help you complete a high level FFIEC CAT assessment

Security Boulevard

Application Security Data Security Security Bloggers Network Application Delivery Digest Financial Services

NY Payroll Company Vanishes With $35 Million

Krebs on Security

Unlike many stories here about cloud service providers being extorted by hackers for ransomware payouts , this snafu appears to have been something of an inside job. — disclosed last week in a rather unceremonious message to some 4,000 clients that it would be shutting its virtual doors and that companies which relied upon it to process payroll payments should kindly look elsewhere for such services going forward.

Financial Services Organizations Face More Sophisticated Threats Than Others

Dark Reading

With companies in the financial sector getting better at blocking ordinary threats, attackers have begun going after them with more sophisticated malware, Lastline says

Cybereason Extends Global Leadership in XDR with $275 Million in Crossover Financing

Security Boulevard

The first half of 2021 has seen explosive growth for our company, and the tremendous momentum we are enjoying is just the beginning of what will prove to be a momentous year for the entire Cybereason team. .

Why Banks Are Still A Top Target For DDoS Attacks

Security Boulevard

The financial services sector is still a prime target for cyber criminals and it has been widely reported that in 2020 financial institutions came under attack more than ever before.

DDOS 77

How to prevent chargeback fraud in your online business?

CyberSecurity Insiders

Clarify service conditions and fee adjustments. Use the security tools : Implement validation procedures such as the Address Verification Service (AVS), card security codes (CVV2, CVC2, etc), or 3D Secure. Protect Financial Services

First American Financial Pays Farcical $500K Fine

Security Boulevard

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF] was leaking more than 800 million documents -- many containing sensitive financial data -- related to real estate transactions dating back more than 16 years.

Spearphishing Attack Spoofs Microsoft.com to Target 200M Office 365 Users

Threatpost

Web Security exact domain spoofing financial services Healthcare Ironscales manufacturing Microsoft Office 365 spearphishing Spoofing telecom utilities vertical markets

NY Investigates Exposure of 885 Million Mortgage Documents

Krebs on Security

New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp. That measure, which went into effect in March 2019 and is considered among the toughest in the nation, requires financial companies to regularly audit and report on how they protect sensitive data, and provides for fines in cases where violations were reckless or willful. ” A Little Sunshine Data Breaches First American Financial Corp.

Binance receives the ban hammer from UK’s FCA

Malwarebytes

First, Japan’s financial regulator, the Financial Services Agency (FSA), issued its second warning to Binance on Friday, 25 June, for operating in the country without permission (The first warning was issued in 2018).

Oracle Kills 402 Bugs in Massive October Patch Update

Threatpost

Over half of Oracle's flaws in its quarterly patch update can be remotely exploitable without authentication; two have CVSS scores of 10 out of 10.