This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
2024 Thales Global Data Threat Report: Trends in FinancialServices madhav Tue, 10/15/2024 - 05:17 Financialservices (FinServ) firms are key players in the global economy. The Dangers of Emerging Technology Trends When asked about emerging concerns, quantum computing threats came up unsurprisingly.
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.
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.
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. Tools like ChatGPT and Bard, powered by large language models, showcase how generative AI transforms business processesbut they also pose new risks. The challenge?
One of the top findings from the 2018 Thales Data Threat Report, FinancialServices Edition was that data breaches in U.S. financialservices organizations are increasing at an alarming rate. The post FinancialServices Data – More at risk than you’d believe appeared first on Data Security Blog | Thales eSecurity.
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.
11, 2025 360 Privacy , a leading digital executive protection platform, today announced that it has secured a $36 million growth equity investment from FTV Capital , a sector-focused growth equity firm with a successful track record of investing across the enterprise technology landscape. Nashville, TN Mar.
While any business is a potential target for hackers, critical infrastructure organizations including defense, healthcare, energy, utilities, and financialservices companies are perhaps most at risk due to their financial resources. According to the U.S.
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 financialservices firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.
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.
Director, Infrastructure Security at FINRA on the SecureWorld broadcast Mitigate Insider Risk in Financial Firms. 4 key findings of insider threats in the financialservices sector. That was interesting that all the technology that we have didn't catch the majority of these insider threats.". And much more.
This escalation highlights the urgent need for organizations to prioritize the security of their vendor networks and assess their associated risks meticulously. Financialservices have also faced significant incidents, with many institutions relying heavily on third-party technology partners to deliver essential services.
This week, the SEC sanctioned eight firms, including Cetera Financial Group, Cambridge Investment Research and KMS FinancialServices, for deficient cybersecurity policies and procedures, which resulted in the exposure of their clients’ personal information. Want to learn more?
However, as important as PCI may be, United States financialservices organizations operate in one of the worlds most stringent and complex compliance landscapes. Understanding the US FinServ Compliance Landscape The US financialservices industry is subject to a vast number of laws and regulations.
The future of finance is being reshaped by blockchain technology. This revolutionary technology has the potential to revolutionize how people and businesses interact with money, from offering greater transparency and better security to faster speeds and lower costs.
IoT and Machine Identity Management in FinancialServices. How is IoT changing the financial sector? IoT has already positively impacted the financial sector and will only continue to in the future. IoT has also transformed the financialservices sector in a variety of ways: Real-time data. brooke.crothers.
It is not a secret that the American people remain in danger of massive, crippling cyberattacks that could impact financialservices, utilities, health care, and just about every other area of modern life.
Director of Infrastructure Security at FINRA, on the SecureWorld webcast Mitigate Insider Risk in Financial Firms. 4 key findings of insider threats in the financialservices sector. That was interesting that all the technology that we have didn't catch the majority of these insider threats.
Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the FinancialServices Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.
A born-in-the-cloud company, Mercury Financial upholds a competitive advantage in the financialservices 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
Financialservices continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financialservices in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Thu, 09/01/2022 - 05:15.
If you’re part of the financialservices 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?
According to a new report from IDC and Magnet Forensics, the significant lack of cybersecurity skills gap and a plethora of other cyber risks are growing concerns. It also provides an overall assessment of the global state of DFIR across industries, with the three most prominent being financialservices, healthcare, and technology.
This is what we covered in part one of this Threat Trends release on DNS Security, using data from Cisco Umbrella , our cloud-native security service. For example, those in the financialservices industry may see more activity around information stealers; others in manufacturing may be more likely to encounter ransomware.
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?
By using real-time antivirus scanning to detect and neutralize security risks as they enter the trading system, threats can be quickly identified and eliminated. Encryption renders data unreadable to unauthorized individuals, significantly reducing the risk of data breaches. •Employ real-time antivirus scanning.
“InfraGard connects critical infrastructure owners, operators, and stakeholders with the FBI to provide education, networking, and information-sharing on security threats and risks,” the FBI’s InfraGard fact sheet reads. That InfraGard member, who is head of security at a major U.S.
Some instructive fresh intelligence about how cyber attacks continue to saturate the Internet comes to us from Akamai Technologies. billion hitting financialservices organizations — an increase of more than 45 percent year-over-year in that sector. Financialservices is, and always will be, a top target for criminals.
The Relevance of Privacy-Preserving Techniques and Generative AI to DORA Legislation madhav Tue, 10/29/2024 - 04:55 The increasing reliance on digital technologies has created a complex landscape of risks, especially in critical sectors like finance.
Shifting requirements One way to understand the security hazards is to think about the radical changes being imposed on the traditional enterprise technology stack. The massive transformation that’s happening right now introduces a lot of risk. it’s almost a perfect storm.
While the Russia-Ukraine cyber conflict goes on, nation-state actors, crooks, and hacktivists continue to pose critical infrastructure at risk. Critical infrastructure is a privileged target for almost any kind of threat actor, the ongoing Russia-Ukraine cyber conflict is posing them at risk. ” reported researchers from Cyble.
This, in short, is the multi-headed hydra enterprises must tame in order to mitigate rising cyber risks. Its backers include the Maryland Technology Development Corporation (TEDCO,) and Kluz Ventures. Smart money. Enter SOAR, the acronym for “security operations, analytics and reporting.” Sutton: Syncurity has several innovations.
That said, Microsoft Exchange on-premises email servers – technology that once, not too long ago, dominated this space – remain in pervasive business use today. What’s more, many of the organizations migrating to cloud IT infrastructure services are patching together hybrid email systems, part on-premises and part cloud-hosted.
New York’s Privacy Laws: A Legacy and a Challenge New York is a leader in finance, culture, and technology. The New York Department of FinancialServices (DFS) Cybersecurity Regulation, introduced in 2017, was groundbreaking, setting a high bar for financial institutions.
In this new role, Pochareddy is responsible for spearheading company mergers and acquisitions (M&A), including supporting expansion through market development, target identification, strategic positioning and risk assessment. He brings broad financialservices industry experience alongside capital markets and acquisitions expertise.
Non-compliance poses significant risks to sensitive cardholder information, making compliance essential. National Institute of Standards and Technology (NIST) SP 800-53 Rev. ISO/IEC 27001 & ISO/IEC 27017: These ISO standards offer vital guidance for securing cloud services, particularly the APIs that support them.
DevOps is a process designed to foster intensive collaboration between software developers and the IT operations team, two disciplines that traditionally have functioned as isolated silos with the technology department. As the speed of innovation increases, there is also a correlated rise in security risks.
Sophisticated Internet of Things (IoT) technologies transformed the cybersecurity systems in financialservices. Take credit cards as an example—commercial banks significantly cut the risk of skimming by replacing magstripe cards with chip-and-PIN cards. They’re continuously evolving and improving.
With a career spanning two decades as a technology provider to businesses and government agencies, Levine brings a strategic and pragmatic approach to building secure software and cloud services without disrupting product velocity. Since founding Cedric Leighton Associates, he has become an internationally known strategic risk expert.
The proposed regulations, designed specifically for hospitals, establish a robust framework for cybersecurity risk management and incident response. 500 million in funding for healthcare information technology: This funding will support the acquisition of cybersecurity tools, training, and IT modernization.
Organizations move on plans to strengthen security policies, increase training, and invest in technology. These efforts focused squarely on the people problem: addressing increased risk tied to employees working from home and workforce tensions amid societal pressures from the pandemic. respondent in financialservices.
Let’s explore what to expect from the upcoming regulations, provide insights into critical federal and state laws, and offer practical compliance and risk management strategies. These laws aim to establish standards for securing data, ensuring privacy, and mitigating risks associated with digital information.
In a world that pushes the limits with technology comes an increase in the relentless persistence of cyberattacks and we need to be prepared. His background is around building and improving effective software security initiatives, with deep expertise in the financialservices sector.
We organize all of the trending information in your field so you don't have to. Join 28,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content