Data Matters

FEBRUARY 25, 2021

This follows the FCA’s announcement in its 2020-21 business plan that payment services were one of its main supervisory priorities 1 and its temporary guidance of July 9, 2020, on prudential risk management and safeguarding in light of the COVID-19 pandemic ( Temporary COVID Guidance ). Authentication code.

Authentication 68

Authentication Paper Risk Insurance 68

Krebs on Security

JULY 1, 2021

Financial services giant Intuit this week informed 1.4 Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.

Financial Services 334

Financial Services Government Authentication IT 334

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

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

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Even more alarming, 43% reported an increase in the volume, severity, and scope of cyberattacks in the last year.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Krebs on Security

APRIL 28, 2020

As it turned out, calling the phone number on the back of the credit card from the phone number linked with the card provided the most recent transactions without providing any form of authentication.” “I was appalled that Citi would do that.

Financial Services 355

Financial Services Sales Authentication Risk 355

IT Governance

NOVEMBER 23, 2023

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. Authenticity : The validity of the asset cannot be denied.

Risk 104

Risk Data breaches Authentication Financial Services 104

Thales Cloud Protection & Licensing

JANUARY 26, 2021

For example, compromised card details are used to make unauthorized purchases online and personal details are used to take over an account or apply for a credit card in someone else’s name. Criminals use personal and financial data to impersonate customers and add apparent authenticity to a scam. Online skimming.

Security 143

Security Retail Authentication Big data 143

IBM Big Data Hub

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Article 7 of the draft RTS delves into cryptographic key management, emphasizing the importance of lifecycle management for cryptographic keys.

Encryption 72

Encryption Data Privacy Compliance Cloud 72

AIIM

OCTOBER 15, 2018

In North America, e-signatures are based on multiple authentication aspects with a focus on knowledge-based authentication which cannot be applied in EU due to much stricter privacy regulations. The webinar shared a few examples of these four dimensions, including the following. Millennials or Generation X).

Compliance 109

Compliance Insurance Digital transformation Authentication 109

eSecurity Planet

FEBRUARY 26, 2024

This typically happens on dynamic web pages, which frequently change or can be actively manipulated by users (for example, a search bar where users can type queries). Users don’t know the code on the financial services web page is malicious because it looks legitimate, and they continue using it until it’s exposed.

Risk 91

Risk Financial Services Security Libraries 91

The Last Watchdog

DECEMBER 6, 2022

Much more effective authentication is needed to help protect our digital environment – and make user sessions smoother and much more secure. Underscoring this trend, Uber was recently hacked — through its authentication system. The best possible answer is coming from biometrics-based passwordless, continuous authentication.

Authentication 185

Authentication Passwords Artificial Intelligence Financial Services 185

eSecurity Planet

OCTOBER 5, 2021

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

Authentication 94

Authentication Passwords Access Computer and Electronics 94

Hunton Privacy

JULY 5, 2023

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. The new MFA requirements, for example, would be subject to the two-year transition period.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

Data Matters

DECEMBER 4, 2019

In principle, a statutory “signature” requirement can be met by using a private key intended to authenticate a document, and a statutory “in writing” requirement can be met in the case of a smart contract whose code element is recorded in source code. 7 For example, of the type hypothesized by Ian Grigg (i.e., See paragraph 105.

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

Data Matters

DECEMBER 4, 2019

In principle, a statutory “signature” requirement can be met by using a private key intended to authenticate a document, and a statutory “in writing” requirement can be met in the case of a smart contract whose code element is recorded in source code. 7 For example, of the type hypothesized by Ian Grigg (i.e., See paragraph 105.

Blockchain 60

Blockchain Financial Services Healthcare Marketing 60

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. 45 CFR 164.308(a)(5)(i).

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Data Protection Report

APRIL 2, 2020

On March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic.

Risk 59

Risk Communications Authentication Financial Services 59

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Some organizations such as financial services firms and healthcare organizations, have regulatory concerns in addition to business concerns that need to be addressed in a cybersecurity risk management system. Maintaining Regulatory Compliance.

Risk 121

Risk Cybersecurity Encryption Access 121

IBM Big Data Hub

FEBRUARY 14, 2024

For example, Amazon reminds customers to reorder their most often-purchased products, and shows them related products or suggestions. For example, a supply-chain function can use algorithms to predict future needs and the time products need to be shipped for timely arrival. Routine questions from staff can be quickly answered using AI.

Artificial Intelligence 86

Artificial Intelligence Retail Unstructured data Insurance 86

Adam Levin

NOVEMBER 17, 2020

Mobile payment platforms, like Apple Pay and Google Pay, use advanced technology, like fingerprint authentication and tokenization (in which credit card account numbers are replaced by randomly generated numbers) to provide brick-and-mortar shoppers with an added layer of security. Enable two-factor authentication. Forgo fake coupons.

Retail 97

Retail e-Delivery Passwords Phishing 97

Data Protection Report

OCTOBER 1, 2019

Biometric information that is used to authenticate or ascertain the individual identity. New York does not place specific requirements on these persons or companies, but instead provides examples of the elements of a data security program. New York’s new law contains similar examples of technical and physical safeguards.

Security 40

Security Financial Services Passwords Risk 40

eSecurity Planet

SEPTEMBER 10, 2021

Leading IaaS and platform as a service (PaaS) vendors like Amazon Web Services (AWS) and Microsoft Azure provide documentation to their customers so all parties understand where specific responsibilities lie according to different types of deployment. What authentication methods does the provider support?

Cloud 102

Cloud Security Encryption Risk 102

Data Matters

AUGUST 17, 2021

On August 11, 2021, the Federal Financial Institutions Examination Council (FFIEC)1 issued guidance establishing risk management principles and practices to support the authentication of users accessing a financial institution’s information systems and customers accessing a financial institution’s digital banking services (the Guidance).

Authentication 88

Authentication Access Risk Financial Services 88

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. To combat this scam Zelle introduced out-of-band authentication with transaction details.

IT 350

IT Passwords Authentication Phishing 350

DLA Piper Privacy Matters

APRIL 2, 2020

Where appropriate, employers may consider providing specific examples to illustrate how to spot malicious messages or engaging a security firm to send test phishing messages. Multi-Factor Authentication. Governments and cybersecurity experts are reporting a surge in COVID-19-related phishing activity.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

DLA Piper Privacy Matters

JULY 30, 2019

Third-party service provider management is one of the hottest areas of cybersecurity law development. Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

ForAllSecure

JUNE 16, 2021

And in May of 2021 Researchers disclosed that the Peloton API authentication was broken. Wilde: Now, for me the storyline was interesting right so when it was reported I think in late January, it was completely open right like this is right no authentication at all because well we didn't tell anybody about it.

Authentication 52

Authentication Communications IoT Security 52

ForAllSecure

JUNE 16, 2021

And in May of 2021 Researchers disclosed that the Peloton API authentication was broken. Wilde: Now, for me the storyline was interesting right so when it was reported I think in late January, it was completely open right like this is right no authentication at all because well we didn't tell anybody about it.

Authentication 52

Authentication Communications IoT Security 52

HL Chronicle of Data Protection

MAY 13, 2019

For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Information is Currency

DECEMBER 1, 2017

An example that Lamourex gives for disruption with a differentiated product is with luggage that can be locked and unlocked with a mobile device or your fingerprint, luggage that is self-propelling and will stay within six inches of its owner and luggage that can check itself in at the airport.

Records Management 40

Records Management Artificial Intelligence e-Delivery Computer and Electronics 40

eSecurity Planet

SEPTEMBER 16, 2022

For example, Experian’s 2021 Global Identity and Fraud Report stated that 82% of surveyed businesses had adopted customer recognition strategies. In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2%

Analytics 104

Analytics Risk Authentication Financial Services 104

ForAllSecure

JANUARY 19, 2022

For example, here’s Jerry Lewis in a scene from a 1950s film, where he’s trying to break into a Nazi German military base. To use a service, we enter our user name and a password. But this method of authentication is flawed; either hashed or hashed and salted, usernames and passwords can still be stolen and reused.

Passwords 52

Passwords Authentication Access Data breaches 52

The Last Watchdog

MAY 24, 2021

billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financial services. billion web attacks globally; 736 million in the financial services sector. A: Everything.

Financial Services 128

Financial Services Passwords Data breaches Authentication 128

The Last Watchdog

JULY 7, 2021

When you have a victim that came from a phishing attack on the financial services industry for example, and then later you obtain that victim’s gaming details, if there is a match on email addresses, username, address, etc. SQLi for example. For example, think about magic links.

Passwords 256

Passwords Authentication Marketing Access 256

Security Affairs

APRIL 30, 2020

ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. The page resembles an authentic Microsoft Office 365 file sharing page.

Phishing 101

Phishing Cloud Financial Services Authentication 101

The Last Watchdog

JULY 21, 2020

LW: What’s a concrete example of a pervasive exposure opened up by cloud migration? For example, this could be adding protection to servers where it might have been absent in the past, or implementing multi-factor authentication for all your externally facing accounts and services. LW: Your reports show that the U.S.

Cloud 127

Cloud Ransomware Data breaches GDPR 127