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How Spread Betting Platforms Safeguard Traders Against Cyber Risks

IT Security Guru

This heavy reliance on technology, however, makes it an attractive target for hackers seeking to exploit vulnerabilities in trading systems and platforms. If these cyber attacks are successful, even just a little, they could lead to billions of pounds in damages and losses to the companies that own the platforms and the traders.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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LW ROUNDTABLE: Wrist slap or cultural shift? SEC fines cyber firms for disclosure violations

The Last Watchdog

Related: Technology and justice systems The U.S. Avaya Holdings , Check Point Software Technologies , and Mimecast Limited each minimized or obscured the extent of security breaches linked to the SolarWinds Orion hack, impacting investor trust and highlighting the critical importance of clear, truthful communication.

CISO 263
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Newsweek Op-Ed: Oversight of the Management of Cybersecurity Risks: The Skill Corporate Boards Need, But, So Often, Do Not Have

Joseph Steinberg

Despite both a decades-long barrage of media reports of cyberattacks wreaking havoc on the public sector and private sector alike, and despite clear indications from the United States Securities and Exchange Commission (SEC) that corporate boards must be able to oversee the management of cyber-risk by their respective organizations, when to comes to (..)

Risk 261
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LW ROUNDTABLE — How 2024’s cyber threats will transform the security landscape in 2025

The Last Watchdog

Gen AI threats and quantum computing exposures must be accounted for. Meanwhile, while business logic hacks, supply chain holes, and cyber extortion continue to loom large. Attacks targeting identities rose 71% last year, with valid accounts as the top entry point. While cloud offers flexibility, it introduces new cyber risks.

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NEW TECH: Trend Micro flattens cyber risks — from software development to deployment

The Last Watchdog

Cybersecurity technology is far more advanced today than it was five years ago, or even two years ago. Today robust security frameworks are gaining traction for staying on top of patching software vulnerabilities, managing account access and responding swiftly to any suspicious activity detected on endpoint computing devices.

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NEW TECH: CyberGRX seeks to streamline morass of third-party cyber risk assessments

The Last Watchdog

The firings came as a result of a massive data breach which routed through an HVAC contractor’s compromised account. So they began inundating their third-party suppliers with “bespoke assessments” – customized cyber risk audits that were time consuming and redundant. The key takeaways: Rise of third parties.