Thales Cloud Protection & Licensing

AUGUST 31, 2022

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. Thu, 09/01/2022 - 05:15. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor.

Financial Services 62

Financial Services Cybersecurity Computer and Electronics Cloud 62

HID Global

APRIL 11, 2022

CGS-CIMB Case Study: Mobile Access for Financial Services. Mon, 04/11/2022 - 12:07.

Financial Services 52

Financial Services Access 52

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. The proposed amendments revise several aspects of the draft Cybersecurity Rule amendments released on July 29, 2022.

Financial Services 55

Financial Services Cybersecurity Ransomware Compliance 55

Thales Cloud Protection & Licensing

JANUARY 11, 2023

The Most Popular Data Security Webinars of 2022: Sovereignty, Cloud Security and Compliance Top the List. Throughout 2022, Thales hosted more than 40 webinars on a wide variety of cybersecurity topics, including, cloud security, data sovereignty, compliance, data threat trends, and rethinking approaches to role-based authentication.

Compliance 83

Compliance Cloud Security Financial Services 83

Security Affairs

DECEMBER 2, 2022

Cuba ransomware gang received more than $60 million in ransom payments related to attacks against 100 entities worldwide as of August 2022. Dollars (USD) and received more than $60 million in ransom payments from over 100 victims worldwide as of August 2022, the US government states. Pierluigi Paganini.

Ransomware 87

Ransomware Financial Services Manufacturing Phishing 87

Security Affairs

JANUARY 17, 2022

The pre-release announcement for Critical Patch Update (CPU) for January 2022 states that Oracle will fix 483 new flaws. This pre-release announcement for Critical Patch Update (CPU) for January 2022 confirms that Oracle security updates will address 483 new security patches. Pierluigi Paganini. SecurityAffairs – hacking, CPU).

Communications 106

Communications Financial Services Big data Retail 106

DLA Piper Privacy Matters

MARCH 30, 2023

In total 10,008 cases were concluded by the DPC in 2022 (a slight reduction on last years’ figures). As of 31 December 2022, the DPC had 88 statutory inquiries on-hand, including 22 cross-border inquiries. Complaints Handling The Annual Report notes another year of extensive enforcement work by the DPC.

Personal data 52

Personal data GDPR Compliance Financial Services 52

Hunton Privacy

NOVEMBER 1, 2022

On October 18, 2022, the European Commission published a report , titled Information Frictions and Public Policies: Approaching the Regulation and Supervision of Decentralized Finance (“DeFi”) (the “Report”).

Financial Services 115

Financial Services Blockchain Risk Marketing 115

Security Affairs

OCTOBER 19, 2023

In March 2022, the US Federal Bureau of Investigation (FBI) and CISA published a flash alert to warn that the Ragnar Locker ransomware gang breached the networks of at least 52 organizations across 10 critical infrastructure sectors. “As

Ransomware 105

Ransomware Financial Services Manufacturing Government 105

Info Source

MARCH 16, 2022

At the beginning of the year, I wrote out a list of predictions for 2022 and shared them on LinkedIn (and in Document Imaging Report ). The Infosource analyst team expects the demand for these devices to remain at a high level in 2022. In 2022, we expect subscription sales to surpass perpetual license sales for the first time.

Information capture 59

Information capture Marketing Digital transformation Cloud 59

OpenText Information Management

OCTOBER 18, 2022

Fax in 2022? But fax in 2022 is far from a punch line. It’s an essential part of enterprise communications for industries like healthcare, law, insurance and financial services. Why don’t you just send it over on a dinosaur! Or a carrier pigeon? Honestly, we’ve heard them all.

Insurance 58

Insurance Financial Services Communications IT 58

Info Source

MARCH 16, 2022

At the beginning of the year, I wrote out a list of predictions for 2022 and shared them on LinkedIn (and in Document Imaging Report ). The Infosource analyst team expects the demand for these devices to remain at a high level in 2022. In 2022, we expect subscription sales to surpass perpetual license sales for the first time.

Information capture 52

Information capture Marketing Digital transformation Cloud 52

Data Matters

DECEMBER 6, 2022

On November 9, 2022, the New York Department of Financial Services (DFS) published its proposed second amendment to its cybersecurity regulations (23 NY CRR Part 500). This proposal follows a July 29 pre-proposal and comment period.

Cybersecurity 88

Cybersecurity Financial Services Privacy IT 88

Hunton Privacy

APRIL 7, 2022

On February 28, 2022, the Emirate of Dubai enacted Law No. 4 of 2022 on the Regulation of Virtual Assets (“ VAL ”) and established the Dubai Virtual Assets Regulatory Authority (“ VARA ”). VAL became effective on March 11, 2022, upon its publication in Dubai’s Official Legal Gazette.

IT 145

IT Blockchain Financial Services Personal data 145

Security Affairs

SEPTEMBER 10, 2023

. “Historically, approximately 10% to 15% of the DDoS attacks observed by Akamai have been aimed at customers in the financial services industry.” In fact, over the past four quarters, more than 30% of the DDoS attacks have been aimed at financial services companies.” ” concludes Akamai.

Financial Services 124

Financial Services Ransomware Cybersecurity IT 124

Security Affairs

FEBRUARY 19, 2024

In 2022, LockBit was one of the most active ransomware groups, and its prevalence continued into 2023. Lockbit ransomware group administrative staff has confirmed with us their websites have been seized.

Energy and Utilities 106

Energy and Utilities Ransomware Agriculture Financial Services 106

OpenText Information Management

JANUARY 19, 2022

2022: The Year of the ISO 20022 Migration Major banks around the world are currently preparing for one of the most anticipated migrations in the financial services industry. The ISO 20022 migration is unlike any standard that has come before it.

Financial Services 63

Financial Services Digital transformation IT Insurance 63

IT Governance

OCTOBER 13, 2023

EvilProxy phishing campaign targets Microsoft 365 accounts via indeed.com A phishing campaign identified by Menlo Security has been targeting senior executives in various industries – most notably banking and financial services, property management and real estate, and manufacturing – since July.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

Virtually every major financial institution, retailer, and scores of payment processors have been the victims of data breaches, incurring both financial and reputational damage. According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. million, second only to healthcare.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

IBM Big Data Hub

AUGUST 1, 2023

We continue to make key updates to our cloud infrastructure to drive progress that has resulted in improvements to cloud stability and resiliency, including an 87% year-over-year reduction in Severity 1 Customer Impacting Events (CIEs) and a 38% decrease in Severity 1 CIE disruption time for the same compared periods in 2022 versus 2021.

Financial Services 66

Financial Services Computer and Electronics Cloud Digital transformation 66

Security Affairs

JUNE 15, 2023

Help us #StopRansomware by visiting [link] pic.twitter.com/G5jpxtB0Fw — Cybersecurity and Infrastructure Security Agency (@CISAgov) June 14, 2023 The LockBit ransomware operation was the most active in 2022 and according to the researchers it is one of the most prolific RaaS in 2023. law enforcement).

Ransomware 91

Ransomware Cybersecurity Agriculture Education 91

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity 109

Cybersecurity Financial Services Compliance Encryption 109

Security Affairs

JUNE 16, 2023

In November 2022, the U.S. On or about May 27, 2022, the man and his Hive coconspirators allegedly hit a nonprofit behavioral healthcare organization in New Jersey. The LockBit ransomware operation was the most active in 2022 and according to the researchers it is one of the most prolific RaaS in 2023. organizations since 2020.

Ransomware 89

Ransomware Agriculture Education Government 89

IT Governance

NOVEMBER 23, 2023

Although the total number of data breaches – or rather, in those reported – decreased by 24% between 2019 and 2022 in the finance sector, the number of incidents increased by 99%. So to account for seasonality, we’ve only looked at Q2–Q4 for all four years (2019–2022). million (about £4.70

Risk 104

Risk Data breaches Authentication Financial Services 104

Krebs on Security

OCTOBER 7, 2022

who in April 2022 opened an investigation into fraud tied to Zelle , the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. million of payments in 2021 and the first half of 2022,” the report summarized.

Passwords 255

Passwords Financial Services IT Phishing 255

Security Affairs

MARCH 14, 2022

Ongoing attacks could cause severe damages to multiple sectors, including transportation, communication, financial services, government facilities, nuclear reactors, and critical manufacturing. Check Host: [link] pic.twitter.com/J9OSdBLnzf — Anonymous (@LiteMods) February 25, 2022. ” reported researchers from Cyble.

Risk 96

Risk Financial Services Manufacturing Communications 96

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Rippleshot

FEBRUARY 2, 2022

Originally Posted Jan 11, 2022 by Northwest Credit Union Association. Card not present (CNP) fraud is the dominant type of payment fraud that Strategic Link partner CO-OP Financial Services is seeing among its credit unions’ portfolios, comprising over 80% of fraud incidents across both debit and credit.

Financial Services 52

Financial Services Access IT Analytics 52

Hunton Privacy

OCTOBER 24, 2022

On October 18, 2022, the New York State Department of Financial Services (“NYDFS”) announced that EyeMed Vision Care LLC (“EyeMed”) agreed to a $4.5

Cybersecurity 67

Cybersecurity Financial Services Risk Phishing 67

Krebs on Security

NOVEMBER 16, 2022

For example, one domain the gang has used since March 2022 is ushank[.]com financial services firm Ameriprise uses the domain ameriprise.com; the Disneyland Team’s domain for Ameriprise customers is [link] [brackets added to defang the domain], which displays in the browser URL bar as ? Bank customers.

Phishing 257

Phishing Authentication Financial Services Access 257

IBM Big Data Hub

JULY 12, 2023

For years, the bank has been part of IBM’s growing ecosystem of financial institutions and technology partners leveraging IBM Cloud for Financial Services to help deliver more improved customer services and products better tailored to each individual customer’s financial needs.

Digital transformation 50

Digital transformation Financial Services Cloud Customer Experience 50

Krebs on Security

DECEMBER 13, 2022

Meanwhile, the hackers responsible are communicating directly with members through the InfraGard portal online — using a new account under the assumed identity of a financial industry CEO that was vetted by the FBI itself.

Sales 359

Sales Energy and Utilities Communications Data breaches 359

Data Matters

JANUARY 28, 2022

Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

Security Affairs

SEPTEMBER 29, 2022

The experts were able to enumerate the C2s and targets of multiple distinct Chaos clusters, some of which were employed in recent DDoS attacks against the gaming, financial services and technology, and media and entertainment industries. .” reads the analysis published by Lumen Technologies. ” continues the report. .

Mining 87

Mining Financial Services IT Security 87

DLA Piper Privacy Matters

FEBRUARY 28, 2022

The DPC issued a revised preliminary decision to Meta, the owner of Facebook, on 21 January 2022 in relation to this ongoing inquiry. Financial Services Sector Focus. The financial services sector continues to be an area of focus for the data protection regulator. million in 2022. 5 Year Regulatory Strategy.

Financial Services 97

Financial Services Data breaches Personal data Compliance 97

Thales Cloud Protection & Licensing

JANUARY 10, 2022

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. How Can We Secure The Future of Digital Payments? Pandemic has changed us all. It is important to understand the impact the pandemic had on consumer habits.

Retail 126

Retail Security Financial Services Authentication 126

Krebs on Security

JANUARY 25, 2022

14, 2022 breach notification letter from tribal lender Mountain Summit Financial. ” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C. According to Buckley LLP , a financial services law firm based in Washington, D.C., A portion of the Jan.

Financial Services 209

Financial Services IT Data breaches Authentication 209