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 103

Authentication Passwords Access Computer and Electronics 103

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 87

Artificial Intelligence Retail Unstructured data Insurance 87

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Risk management is a concept that has been around as long as companies have had assets to protect. Maintaining Regulatory Compliance.

Risk 136

Risk Cybersecurity Encryption Access 136

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

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

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 353

IT Passwords Authentication Phishing 353

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

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

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. Proof of adequate cyber insurance coverage.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

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 113

Analytics Risk Authentication Financial Services 113

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 178

Financial Services Passwords Data breaches Authentication 178

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

CGI

JULY 20, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. A good example is an early use case that included CGI and Ripple , but there are other more recent examples from Southeast Asia to Saudi Arabia. This year will be the test of whether pilots can be turned into production.

Blockchain 45

Blockchain Financial Services Insurance Manufacturing 45

CGI

JULY 28, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. A good example is an early use case that included CGI and Ripple , but there are other more recent examples from Southeast Asia to Saudi Arabia. This year will be the test of whether pilots can be turned into production.

Blockchain 40

Blockchain Financial Services Insurance Manufacturing 40

CGI

MAY 15, 2018

What’s more, it’s poised to spill over from financial services into a wide range of industries. A good example is an early use case that included CGI and Ripple , but there are other more recent examples from Southeast Asia to Saudi Arabia. This year will be the test of whether pilots can be turned into production.

Blockchain 40

Blockchain Financial Services Insurance Manufacturing 40

eSecurity Planet

MAY 11, 2023

I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4 Access to resources is determined by dynamic policy—including the observable state of client identity, application/service, and the requesting asset—and may include other behavioral and environmental attributes.

Cloud 105

Cloud IT Insurance Authentication 105

Data Matters

APRIL 23, 2018

Board-management discussions about cyber risk should include identification of which risks to avoid, which to accept, and which to mitigate or transfer through insurance, as well as specific plans associated with each approach. Source Authentication. Principle 5.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

KnowBe4

JUNE 20, 2023

As an example, in Basic Web Application Attacks, the use of stolen credentials was involved in 86% of attacks. A specific example of their actions involved using a fake job offer to trick a startup into losing over $600 million. According to Verizon, stolen credentials were the "most popular entry point for breaches."

Data breaches 73

Data breaches Phishing Security awareness Ransomware 73

eSecurity Planet

JUNE 1, 2021

“From there, the actor was able to distribute phishing emails that looked authentic but included a link that, when clicked, inserted a malicious file used to distribute a backdoor we call NativeZone,” Tom Burt, corporate vice president of customer security and trust at Microsoft, wrote in a blog post late last week.

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Phishing Cybersecurity Government Authentication 70