article thumbnail

2024 Thales Global Data Threat Report: Trends in Financial Services

Thales Cloud Protection & Licensing

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Nearly two-thirds (64%) of FinServ said it’s more complex to secure data in the cloud than on-prem, compared to 55% of general respondents.

article thumbnail

CFPB’s Proposed Data Rules

Schneier on Security

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Banking 322
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BrandPost: Mercury Financial gains a competitive advantage with zero trust

CSO Magazine

A born-in-the-cloud company, Mercury Financial upholds a competitive advantage in the financial services industry through advanced technology tools that help its customers responsibly manage their credit and offer them credit as they’ve never had before. To read this article in full, please click here

article thumbnail

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

CyberSecurity Insiders

Together, Axio and CRI’s combined talents will deliver the CRI Cyber Profile tool to CRI members and other interested financial institutions with the Axio360 platform. The CRI Profile is the benchmark for cyber security and resiliency in the financial services industry. Learn more at [link].

article thumbnail

How to make sure your digital transformation is secure

CyberSecurity Insiders

However, their integration raises new challenges around security, privacy and the reliability of underlying systems that a business utilises, which, in turn, requires the support of strong cybersecurity architecture. Untapped potential. So how can organisations carry out a digital transformation while ensuring sensitive data is protected?

article thumbnail

It’s Time for Banks to Release the Brakes and Accelerate Their Digital Transformation

Security Boulevard

But as financial institutions have had to adapt to an increasingly digital world, it is imperative they have security solutions in place that not only provide security for users and data, but also ensure compliance with policies and regulations. Addressing financial services’ key pain points. Enabling the future of banking.

article thumbnail

Top Cybersecurity Trends to Watch Out For in 2025

Centraleyes

Zero Trust Architecture (ZTA) Expands The Zero Trust model, which focuses on verifying every person and device attempting to access a system, is gaining ground as a best practice in cybersecurity. This puts pressure on organizations to secure their systems and develop incident response and disaster recovery strategies to mitigate damage.