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State of API Security: Financial Services and Insurance

Security Boulevard

API security is a pressing concern for industries undergoing digital transformation, and none more so than financial services and insurance. API attackers are on the move in financial services and insurance We discovered that API attackers have become increasingly active in financial services and insurance.

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Years overdue, the profile of the CISO begins to rise as cyber grabs attention in boardrooms

SC Magazine

Cybersecurity garnered far more attention in executive boardrooms and among regulators and insurance underwriters during the last couple years, thanks to both an increasing volume of attacks and growing demand for digital transformation. Our profile is certainly getting higher. Failure to communicate.

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New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Thales Cloud Protection & Licensing

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

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Finance and Insurance API Security: A Critical Imperative

Security Boulevard

API security is a critical concern for industries that are undergoing digital transformation. Financial services and insurance sectors are particularly vulnerable due to the increasing number of APIs they need to manage. This increase in API usage has made these industries prime targets for attackers.

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Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

Now toss in the fact that digital transformation is redoubling software development and data handling complexities. Last Watchdog had the chance to visit with Michael Sutton, former longtime CISO of cloud security vendor Zscaler, who recently signed on as advisor to a fresh, new SOAR startup, Syncurity.

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RSAC insights: How ‘TPRM’ can help shrink security skills gap — while protecting supply chains

The Last Watchdog

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. Digital transformation had taken hold; so their timing was pitch perfect.

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Simplifying Compliance in the Complex U.S. FinServ Regulatory Landscape

Thales Cloud Protection & Licensing

Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.