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Ransomware Now Considered a “Crisis” in the Financial Services Sector

KnowBe4

A recent panel discussion of banking CISOs and experts at the SIBOS conference focused on the current state of ransomware and what institutions should do to protect themselves.

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RSAC Fireside Chat: The need to stop mobile apps from exposing API keys, user credentials in runtime

The Last Watchdog

Related: Collateral damage of T-Mobile hack Yet, APIs have also exponentially increased the attack vectors available to malicious hackers – and the software community has not focused on slowing the widening of this security gap. I learned this from Ted Miracco , CEO of Approov , in a discussion we had at RSA Conference 2023.

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GUEST ESSAY: 7 tips for protecting investor data when it comes to alternative asset trading

The Last Watchdog

Related: Preserving the privacy of the elderly As more traders and investors engage in these investment avenues, it is crucial to adopt robust security measures to safeguard sensitive and regulated information. Continuous threat detection is a proactive approach to maintaining trading environment security.

IT 189
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MITRE ResilienCyCon: You Will Be Breached So Be Ready

eSecurity Planet

Speakers at last week’s MITRE ResilienCyCon conference had a surprisingly candid message for attendees: You will likely be breached at some point so focus on the controls and response capabilities your organization needs to survive a cyber attack. ” Sounil Yu: Lack of security response & recovery products. Prepare Now.

Cloud 115
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In Case You Missed It: Money 20/20 Conference Highlights

Thales Cloud Protection & Licensing

Money 20/20 is always one of my favorite conferences to attend. The conference features a variety of topics and sessions regarding all aspects of financial services, from cryptocurrency to banking. As one of the conference speakers stated, “if it is not on mobile forget it.”. Digital Payments. Payments Race.

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New LockFile ransomware gang uses ProxyShell and PetitPotam exploits

Security Affairs

The popular security expert Kevin Beaumont was one of the first researchers to report that the LockFile operators are using the Microsoft Exchange ProxyShell and the Windows PetitPotam vulnerabilities to take over Windows domains. financial organization on July 20, 2021, with its latest activity seen as recently as August 20. .

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European Central Bank tells banks to step up defences against nation-state attacks

Security Affairs

“We are asking [banks] to strengthen their cyber regime measures and look at a potential increase in attacks and the danger of these attacks going forward,” Andrea Enria, chair of the European Central Bank supervisory board, told a news conference last week. Enria explained that European banking institutions need more cybersecurity experts.