The Last Watchdog

MARCH 24, 2025

Its a question of how much risk your organization is willing to take, based on the data you must protect and its long-term value. We recommend using Dr. Michele Moscas theorem of quantum risk against an optimistic vs. pessimistic probability analysis. This is where the concern of harvest now, decrypt later attacks apply.

Encryption 130

Encryption Financial Services Technology Risk 130

Security Boulevard

FEBRUARY 1, 2022

New York, NY and Washington, DC — February 2, 2022 — Axio, a leading SaaS provider of cyber risk management and quantification solutions, today announced a new joint initiative with the Cyber Risk Institute (CRI), a non-profit coalition of financial institutions and trade associations.

Financial Services 98

Financial Services Cyber Risk Risk Cybersecurity 98

Thales Cloud Protection & Licensing

NOVEMBER 13, 2023

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.

Financial Services 104

Financial Services Encryption Cybercrime Threat Reports 104

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams.

Cyber Risk 234

Cyber Risk Risk Financial Services Cyber threats 234

SecureWorld News

NOVEMBER 14, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) took a significant step toward strengthening cybersecurity defenses across the financial sector by finalizing amendments to Part 500 of its cybersecurity regulations.

Financial Services 111

Financial Services Cybersecurity CISO Risk 111

Security Boulevard

JULY 19, 2023

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.

Financial Services 94

Financial Services Insurance Digital transformation Banking 94

Krebs on Security

JUNE 18, 2021

Under First American’s documented vulnerability remediation policies, the data leak was classified as a security weakness with a “level 3” severity, which placed it in the “medium risk” category and required remediation within 45 days. “The [employee] did not request a waiver or risk acceptance from the CISO.”

Insurance 325

Insurance Risk Financial Services CISO 325

Tech Republic Security

SEPTEMBER 6, 2024

Tenable's research reveals 26,500 cyber vulnerabilities in Southeast Asia's banking and insurance sectors, exposing critical security risks.

Banking 175

Banking Risk Insurance Financial Services 175

SecureWorld News

NOVEMBER 28, 2022

The New York State Department of Financial Services (NYDFS) is proposing an amendment to its regulations that will require financial services companies to up their cybersecurity game. Require the CISO to provide a written report at least annually to the board or equivalent governing body.

Financial Services 94

Financial Services Cybersecurity CISO InfoSec 94

Malwarebytes

MAY 31, 2023

A series of security errors and mishaps has cost personal loan provider OneMain $4.25m in penalties, issued by the New York State department of financial services. From the DFS release : …OneMain Financial Group LLC (“OneMain”) will pay a $4.25 Even so, The Record notes that OneMain reported $1.09

Financial Services 98

Financial Services Passwords Risk Software 98

Joseph Steinberg

JULY 8, 2021

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

Insurance 364

Insurance Cyber Insurance Cybersecurity Small Business 364

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

Risk 145

Risk Cybersecurity Encryption Technology 145

CyberSecurity Insiders

MARCH 27, 2021

Third-party risk management is important because failure to assess third-party risks exposes an organization to supply chain attacks , data breaches, and reputational damage. This can include the management of sub-contracting and on-sourcing arrangements ( fourth-party risk ). What is third-party risk management?

Risk 134

Risk Data breaches Financial Services Backups 134

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Financial Services 62

Financial Services Cybersecurity CISO Backups 62

Security Boulevard

NOVEMBER 4, 2024

The Role of Secrets Management in Securing Financial Services madhav Tue, 11/05/2024 - 04:30 Secrets management is one of the top DevOps challenges. Let’s look at the role of secrets management for financial services. Why is secrets management crucial for financial services?

Financial Services 59

Financial Services Digital transformation Encryption Risk 59

Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage. Third-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

Security Affairs

JULY 25, 2024

According to the latest risk assessment published by Resecurity, terrorist groups are increasingly using cyberspace and digital communication channels to plan and execute attacks, as well as to conduct recruitment and establish anonymous communication channels (using apps like Session and their alternatives).

Risk 140

Risk Financial Services Education Banking 140

Schneier on Security

JANUARY 31, 2024

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 318

Banking Financial Services Marketing Data privacy 318

SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

Risk 98

Risk Artificial Intelligence Cybersecurity Financial Services 98

Centraleyes

DECEMBER 16, 2024

Tools like ChatGPT and Bard, powered by large language models, showcase how generative AI transforms business processesbut they also pose new risks. In a recent survey, 93% of respondents admitted to knowingly increasing their companys cybersecurity risks. The challenge? Securing these AI models and the data they generate.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Technology 98

SecureWorld News

DECEMBER 5, 2024

This automation enables their cybersecurity teams to focus on high-value risks rather than getting bogged down in mundane alert management. Simply put, if MasterCard is the most secure payment services provider, provides additional services, and has results to show, customers will choose them over the competition.

Cybersecurity 108

Cybersecurity Threat Detection Financial Services Cyber threats 108

Security Boulevard

AUGUST 31, 2021

This week, the SEC sanctioned eight firms, including Cetera Financial Group, Cambridge Investment Research and KMS Financial Services, for deficient cybersecurity policies and procedures, which resulted in the exposure of their clients’ personal information. Want to learn more?

Risk 114

Risk Data breaches Healthcare Financial Services 114

Thales Cloud Protection & Licensing

JANUARY 16, 2025

However, as important as PCI may be, United States financial services organizations operate in one of the worlds most stringent and complex compliance landscapes. Understanding the US FinServ Compliance Landscape The US financial services industry is subject to a vast number of laws and regulations.

Financial Services 62

Financial Services Encryption Insurance Government 62

Krebs on Security

APRIL 28, 2020

Fraud prevention company Next Caller said this week it has tracked “massive increases in call volumes and high-risk calls across Fortune 500 companies as a result of COVID-19.” “Particularly worrisome is the activity taking place in the financial services sector, where call traffic topped previous highs by 800%.”

Scams 363

Scams Banking Accountability Financial Services 363

Krebs on Security

AUGUST 13, 2021

Dubbed “ Antinalysis,” the service purports to offer a glimpse into how one’s payment activity might be flagged by law enforcement agencies and private companies that try to link suspicious cryptocurrency transactions to real people. Sample provided by Antinalysis. “Worried about dirty funds in your BTC address?

Cryptocurrency 335

Cryptocurrency Marketing Ransomware Financial Services 335

Security Affairs

DECEMBER 3, 2024

Japan’s Financial Services Agency, who investigated the incident, found severe issues in DMM Bitcoin’s risk management, including inadequate oversight, lack of independent audits, and poor security practices. Elliptic also confirmed it has identified the wallets involved in the attack.

Cryptocurrency 63

Cryptocurrency Financial Services Accountability Hacking 63

The Last Watchdog

MARCH 10, 2025

While any business is a potential target for hackers, critical infrastructure organizations including defense, healthcare, energy, utilities, and financial services companies are perhaps most at risk due to their financial resources. According to the U.S.

Energy and Utilities 100

Energy and Utilities Cyber threats Financial Services Government 100

Digital Guardian

DECEMBER 13, 2021

The New York Department of Financial Services reiterated last week that rolling out MFA and ensuring its configured properly is essential to reducing cyber risk.

Financial Services 131

Financial Services Cyber Risk Risk 131

Malwarebytes

FEBRUARY 20, 2025

With the capture of usernames and passwords from web browsers, attackers can access your accounts, including email, social media, and financial services. We dont just report on threatswe remove them Cybersecurity risks should never spread beyond a headline. ID-number}.

Identity Theft 96

Identity Theft Malware Financial Services Antivirus 96

Responsible Cyber

NOVEMBER 23, 2024

This escalation highlights the urgent need for organizations to prioritize the security of their vendor networks and assess their associated risks meticulously. Financial services have also faced significant incidents, with many institutions relying heavily on third-party technology partners to deliver essential services.

Risk 81

Risk Healthcare Education Cybersecurity 81

The Last Watchdog

MARCH 11, 2025

Serving both B2B and B2C customers, 360 Privacy remediates risk to Fortune 2000 enterprises and their executives, as well as high-net-worth families, athletes and entertainers. Protection starts faster than other industry-standard tools, with daily scans beginning at the time of enrollment.

B2C 100

B2C Technology B2B Identity Theft 100

Centraleyes

MARCH 25, 2024

Let’s discuss an acronym reshaping the business world: Vendor Risk Management , or VRM. With supply chains extending across multiple regions and involving numerous third-party vendors, organizations face unprecedented challenges in managing vendor risks effectively. What risks are you facing?

Risk 111

Risk Data collection Architecture Government 111

Krebs on Security

MAY 19, 2021

New research shows how fraudsters can abuse wireless provider websites to identify available, recycled mobile numbers that allow password resets at a range of email providers and financial services online. “However, the number pool is shared between postpaid and prepaid, rendering all subscribers vulnerable to attacks.”

Mobile 359

Mobile Wireless Accountability Authentication 359

Joseph Steinberg

SEPTEMBER 6, 2022

It is not a secret that the American people remain in danger of massive, crippling cyberattacks that could impact financial services, utilities, health care, and just about every other area of modern life.

Government 363

Government Artificial Intelligence Cybersecurity Financial Services 363

Centraleyes

MARCH 13, 2025

If you’re part of the financial services ecosystem hereor interact with businesses regulated by the New York State Department of Financial Servicesyouve likely come across the NYDFS Cybersecurity Regulation. The program should be tailored to your specific business risks. What Is the NYDFS Cybersecurity Regulation?

Cybersecurity 52

Cybersecurity Financial Services Risk Encryption 52

CSO Magazine

MAY 26, 2022

Financial services giant Mastercard has announced the launch of a new attack simulation and assessment platform designed to help businesses and governments enhance their cybersecurity operational resilience. The launch comes as Mastercard continues to invest in cybersecurity and risk management capabilities.

Risk 99

Risk Cybersecurity Financial Services Government 99

Security Boulevard

AUGUST 24, 2021

As the global financial services industry undergoes a seismic shift, disruption is prompting the industry to replace traditional practices, with emphasis on the inevitable digital future banks will have to embrace.

Financial Services 143

Financial Services Banking Security Awareness Risk 143