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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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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. Malware and ransomware attacks increase.

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Cloudstar Remains Compromised Following Ransomware Attack

Identity IQ

Cloudstar, one of the title industry’s primary cloud providers, remains compromised after a recent ransomware attack disrupted its services. The company also provides services to real estate, legal, insurance, financial services, petrochemical and the oil and gas industries. The Victim of a Ransomware Attack.

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Ragnar Locker ransomware group breached at least 52 organizations across 10 critical infrastructure sectors

Security Affairs

The US FBI warns that the Ragnar Locker ransomware gang has breached the networks of at least 52 organizations from multiple US critical infrastructure sectors. “RagnarLocker ransomware actors work as part of a ransomware family, frequently changing obfuscation techniques to avoid detection and prevention.”

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What is a Cyberattack? Types and Defenses

eSecurity Planet

The 2022 SonicWall Cyber Threat Report found that all types of cyberattacks increased in 2021. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 billion malware attacks were identified by the report. trillion by 2025, according to the report Cyberwarfare in the C-Suite from Cybersecurity Ventures.

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Healthcare Organizations Need to Adapt Their Data Protection Policies to the New Threat Environment

Thales Cloud Protection & Licensing

ransomware). According to the global edition of the Thales 2020 Data Threat Report , 47% of healthcare organizations are either aggressively disrupting their market or are embedding digital capabilities that enable greater agility. For more key findings, download the Thales 2020 Data Threat Report-Global Edition.

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Consumer concerns over GDPR should set alarm bells ringing for businesses

Thales Cloud Protection & Licensing

Despite the NHS falling victim to the devastating WannaCry ransomware outbreak in May, healthcare providers still fared better than other industries, with only six per cent of UK consumers revealing they trusted retailers. A role of responsibility.

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