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API security is a pressing concern for industries undergoing digitaltransformation, 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.
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 digitaltransformation. Our profile is certainly getting higher. Failure to communicate.
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.
API security is a critical concern for industries that are undergoing digitaltransformation. 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.
Now toss in the fact that digitaltransformation 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.
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. Digitaltransformation had taken hold; so their timing was pitch perfect.
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.
Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Many insurance companies spend more time evaluating claims to ensure the clients have done all the due diligence.
CISOs, CIOs, and CFO should take the rest of Q4 2022 need to consider how the organization can reshape its security strategy for 2023 and adjust its “goal posts.”. Insure Risk is the Decision factor for DigitalTransformation Decisions. Time for a new perspective? Absolutely. Moving the Virtual Goal Posts.
Top 10 Challenges Facing CISOs in 2023 – "While 2022 was certainly no walk in the park, strong cybersecurity investments and institutional support suggest a light at the end of the tunnel. As we turn toward 2023, these will be the top ten challenges facing CISOs in the new year.".
VPNs are stressed, remote desktops are stressed, servers continue to be upgraded, fiber, 5g and other high speed internet technologies are bringing the digitaltransformation to the world at the most rapid pace. With this amazingly fast digitaltransformation, the rewards should outweigh the risks.
In this Spotlight podcast* we’re joined by Andrew Jaquith, the CISO at QOMPLX to talk about how the COVID pandemic is highlighting longstanding problems with cyber risk management and cyber resilience. We also talk about how better instrumenting of information security can help companies get a grip on fast-evolving cyber risks like.
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.
Microsofts Majorana 1 Breakthrough: A CISOs Roadmap to Post-Quantum Security madhav Tue, 04/01/2025 - 06:42 Imagine a future where a powerful quantum computer cracks the codes protecting bank transactions, secure exchanges, and sensitive documents like medical records in minutes. E-Commerce & Tech : Proprietary codebases and user credentials.
While the Fed is primarily concerned with the financial sector, the approach can be used against a variety of industries, from insurance to health care. To most CISOs, synthetic identities might seem like an issue for the fraud department to handle on its own. Why is it that CISOs should be getting involved?
Digitaltransformation, proliferation of location agnostic technologies and immense data generation have created uncontrolled remote environments and a fragmented enterprise ecosystem, rendering legacy security policies and practices based on trust obsolete. “An BJ Gardner, Lead Systems Architect, PLM Insurance Co.
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.
Some see this as a catalyst for the so-called digitaltransformation. Randy Skopecek, Solutions Architect, PLM Insurance Co. Fortunately, this concern can be easily addressed with a CISO who is prepared to talk about the mechanisms behind a Zero Trust approach in an understandable way.
Expert Insights Recognition Were thrilled to be recognized by tech review platform Expert Insights in their shortlist of leading B2B tech software for CISOs and IT managers. They were recognized for their unique ability to protect customers critical applications, APIs, and data anywhere, at scale, and with the highest ROI.
Expert Insights Recognition Were thrilled to be recognized by tech review platform Expert Insights in their shortlist of leading B2B tech software for CISOs and IT managers. They were recognized for their unique ability to protect customers critical applications, APIs, and data anywhere, at scale, and with the highest ROI.
Preparing for Q-Day in 2025 should be a top priority for CISOs for this very reason. Krishna Vishnubhotla, Vice President, Threat Intelligence at Zimperium: Surge in Mobile-Specific Ransomware "Mobile-specific ransomware is a rapidly evolving threat that should be top of mind for every CISO. Growing patchwork of U.S.
DigitalTransformation In 2024, several trends are expected to shape the landscape of digitaltransformation. As these regulations scale, expect to see more legal cases and fines on companies and CISOs particularly from the SEC, like the SolarWinds and CISCO, Tim Brown, case. Here are my predictions for 2024.
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