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Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment

Thales Cloud Protection & Licensing

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Thu, 11/05/2020 - 06:52. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. Labelled Industry 4.0, Weak security practices lead to data breaches.

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

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More details about Operation Cronos that disrupted Lockbit operation

Security Affairs

Yesterday, a joint law enforcement action, code-named Operation Cronos , conducted by law enforcement agencies from 11 countries disrupted the LockBit ransomware operation. We can confirm that Lockbit’s services have been disrupted as a result of International Law Enforcement action – this is an ongoing and developing operation.

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US GOV OFFERS A REWARD OF UP TO $15M FOR INFO ON LOCKBIT GANG MEMBERS AND AFFILIATES

Security Affairs

According to the press release published by the Department of State , the Lockbit ransomware operators carried out over 2,000 attacks against victims worldwide since January 2020. The NCA will reach out to victims based in the UK in the coming days and weeks, providing support to help them recover encrypted data.

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How Can We Secure The Future of Digital Payments?

Thales Cloud Protection & Licensing

Tue, 01/11/2022 - 06:35. The financial services ecosystem has evolved tremendously over the past few years driven by a surge in the adoption of digital payments. Our data shows us that in the first quarter of 2020, there was a larger shift to digital payment forms in 10 weeks than we had seen in the preceding five years.

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Mysterious custom malware used to steal 1.2TB of data from million PCs

Security Affairs

million Windows systems between 2018 and 2020. million files and 26 million credentials, 11 million unique email addresses, and 2 billion web login cookies, researchers pointed out that 22% of the web login cookies were still valid at the time of the discovery of the archive. terabyte of stolen data. The database includes 6.6

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Healthcare Organizations Need to Adapt Their Data Protection Policies to the New Threat Environment

Thales Cloud Protection & Licensing

Tue, 11/17/2020 - 06:44. According to the global edition of the Thales 2020 Data Threat Report , 47% of healthcare organizations are either aggressively disrupting their market or are embedding digital capabilities that enable greater agility. The survey data revealed that encryption and tokenization rates remain low.