eSecurity Planet

SEPTEMBER 30, 2021

Underground services are cropping up that are designed to enable bad actors to intercept one-time passwords (OTPs), which are widely used in two-factor authentication programs whose purpose is to better protect customers’ online accounts. By using the services, cybercriminals can gain access to victims’ accounts to steal money.

Authentication 101

Authentication Phishing Financial Services Passwords 101

Rocket Software

AUGUST 17, 2020

Financial services organizations typically experience the most data breaches and hacks, which makes security a priority. For almost every industry, multi-factor authentication can be beneficial. What is Multi-factor Authentication? E-signatures, however, are a lot more difficult to authenticate and validate.

Authentication 52

Authentication Financial Services Passwords Insurance 52

HL Chronicle of Data Protection

APRIL 17, 2020

Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic. For more information on the risks COVID-19 places on IT service providers and mitigating those risks, click here.

Financial Services 75

Financial Services Risk Cybersecurity Phishing 75

The Last Watchdog

JULY 11, 2023

Enforce a culture of strong passwords, two-factor authentication and responsible data access practices to foster a security-conscious culture. He has over 25 years of global leadership experience within the financial services industry, having spearheaded development across Electronic Trading, OMS, Risk, Compliance and Data.

IT 161

IT Encryption Risk Financial Services 161

Security Affairs

NOVEMBER 10, 2023

Treasury market and impacted some fixed income and equities transactions “The Securities Industry and Financial Markets Association first told members on Wednesday that ICBC Financial Services had been hit by ransomware software, which paralyses computer systems unless a payment is made, several people familiar with the discussions said.”

Ransomware 107

Ransomware Financial Services Marketing Authentication 107

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. On November 9, 2022, NYDFS published a first draft of the proposed Amendment and received comments from stakeholders over a 60-day period.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

Krebs on Security

MAY 19, 2021

New research shows how fraudsters can abuse wireless provider websites to identify available, recycled mobile numbers that allow password resets at a range of email providers and financial services online. While you’re at it, consider removing your phone number as a primary or secondary authentication mechanism wherever possible.

Authentication 339

Authentication Passwords Financial Services Risk 339

Krebs on Security

SEPTEMBER 29, 2021

In February, KrebsOnSecurity wrote about a novel cybercrime service that helped attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords. An ad for the OTP interception service/bot “SMSRanger.”

Passwords 311

Passwords Authentication Phishing Access 311

ForAllSecure

JANUARY 31, 2023

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. Additionally, the Council collects consumer financial data from these institutions and makes it available to aid in risk management, consumer protection and policy making.

Cybersecurity 52

Cybersecurity IT Financial Services Risk 52

Security Affairs

MARCH 29, 2022

Earmarked by the FBI as a particular threat to the financial service industry just over a year ago, the increase of internet traffic, data breaches and API usage all contribute to the perfect conditions for successful credential stuffing attacks. Here’s what you need to know about how they work, and how you can stay safe. .

IT 85

IT Passwords Authentication Data Privacy 85

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. This is a critical lesson for retailers. The benefits are twofold.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Krebs on Security

JULY 23, 2020

First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. The documents were available without authentication to anyone with a Web browser. Santa Ana, Calif.-based It employs some 18,000 people and brought in $6.2

Insurance 284

Insurance Financial Services Mining Access 284

Data Matters

JANUARY 28, 2022

These recommendations are further detailed below, but two to note in particular: The Advisory recommends that organizations “require multi-factor authentication for all users, without exception.” Require multi-factor authentication (MFA) for all users. Best Practices to Minimize Disruptions. Enable Controlled Folder Access.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

Krebs on Security

MAY 31, 2019

No authentication was needed to access the digitized records. On May 29, The New York Times reported that the inquiry by New York’s Department of Financial Services is likely to be followed by other investigations from regulators and law enforcement. ”

Financial Services 203

Financial Services Insurance Sales Authentication 203

IBM Big Data Hub

AUGUST 17, 2023

This technology has numerous potential applications in the financial services industry, supply chain management, voting systems and more. For example, a government could issue a stimulus package that can only be spent on certain goods and services. billion people do not have access to basic financial services.

Blockchain 74

Blockchain Financial Services Risk Authentication 74

Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). its Perimeter Guidance Manual (PERG). Temporary COVID Guidance. Safeguarding.

Authentication 68

Authentication Paper Risk Insurance 68

Security Affairs

MARCH 8, 2022

Most of the impacted vendors are in the healthcare sector (55%), followed by IoT (24%), IT (8%), financial services (5%), and manufacturing (4%). The impact of these flaws is widespread, experts determine that the issues impact more than 150 device models from over 100 manufacturers.

Manufacturing 92

Manufacturing Access IoT Authentication 92

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

JANUARY 10, 2022

The financial services ecosystem has evolved tremendously over the past few years driven by a surge in the adoption of digital payments. The biggest challenge for both retailers and financial organizations was the rapidness of that change. How Can We Secure The Future of Digital Payments? Tue, 01/11/2022 - 06:35.

Retail 126

Retail Security Financial Services Authentication 126

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. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Krebs on Security

NOVEMBER 16, 2022

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 ? The Disneyland Team uses common misspellings for top bank brands in its domains. Bank customers. Bank customers.

Phishing 257

Phishing Authentication Financial Services Access 257

Security Affairs

FEBRUARY 4, 2019

Attackers exploited the flaw in the SS7 protocol to defeat the 2FA authentication used by Metro Bank to protect its customers. Metro Bank immediately informed the authorities of the attacks, but many other financial institutions that were affected by SS7 attacks have not disclosed it. All of a sudden you have someone’s text messages.”.

IT 106

IT Authentication Financial Services Access 106

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. InfraGard , a program run by the U.S. That InfraGard member, who is head of security at a major U.S.

Sales 359

Sales Energy and Utilities Communications Data breaches 359

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. The company has not yet responded to requests for comment.

Financial Services 355

Financial Services Sales Authentication Risk 355

Thales Cloud Protection & Licensing

MARCH 6, 2024

Nearly one-third (28%) of all DDoS attacks on APIs focus on financial services organizations, the most targeted industry for this type of attack. Perform risk assessments specifically targeting API endpoints vulnerable to Broken Authorization and Authentication as well as Excessive Data Exposure. Spread the Word!

Security 87

Security Authentication Risk Cybersecurity 87

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. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 104

Risk Data breaches Authentication Financial Services 104

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

Security Affairs

APRIL 30, 2020

Security experts from Cybereason Nocturnus team discovered a new piece of Android malware dubbed EventBot that targets banks, financial services across Europe. Researchers from Cybereason Nocturnus team discovered a new piece of Android malware dubbed EventBot that targets banks, financial services across Europe.

Financial Services 115

Financial Services Libraries Encryption Authentication 115

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. The Clock is Ticking for PCI DSS 4.0 Requirement 3.2

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Krebs on Security

JANUARY 25, 2022

Although he didn’t technically have an account with MSF, their authentication system is based on email addresses, so Jim requested that a password reset link be sent to his email address. Or how about not learning of the fraudulent loan until it gets handed off to collection agents? Then on Nov. Then on Nov.

Financial Services 209

Financial Services IT Data breaches Authentication 209

Thales Cloud Protection & Licensing

JANUARY 11, 2023

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. Security & Compliance for SAP Data in Financial Services.

Compliance 83

Compliance Cloud Security Financial Services 83

The Security Ledger

DECEMBER 21, 2022

Paul speaks with Caleb Sima, the CSO of the online trading platform Robinhood, about his journey from teenage cybersecurity phenom and web security pioneer, to successful entrepreneur to an executive in the trenches of protecting high value financial services firms from cyberattacks. Read the whole entry. » MP3 ] | [ Transcript ].

Financial Services 52

Financial Services Cybersecurity Data breaches Authentication 52

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Communications 111

Communications Financial Services Big data Retail 111

Thales Cloud Protection & Licensing

NOVEMBER 2, 2017

The conference features a variety of topics and sessions regarding all aspects of financial services, from cryptocurrency to banking. Three topics that piqued my interest at the 2017 show included authentication, blockchain and digital payments. Authentication. Blockchain.

Blockchain 63

Blockchain IT Authentication e-Delivery 63

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 The NYDFS’s consent order notes that EyeMed’s failure to comply with the Cybersecurity Regulation left EyeMed vulnerable to threat actors.

Cybersecurity 67

Cybersecurity Financial Services Risk Phishing 67

Security Affairs

AUGUST 26, 2021

The experts from the DIVD privately reported two flaws to Kaseya in early July, the issues are respectively an authenticated remote code execution vulnerability and a privilege escalation flaw that could allow an attacker to change his role from read-only user to admin. An employee published the alert on an online analyzing platform. .

Authentication 104

Authentication Financial Services Cloud Security 104

Thales Cloud Protection & Licensing

JANUARY 26, 2021

Even when banking organizations are upgrading security posture to safeguard sensitive financial information, hackers can steal the data intelligently by tying known vulnerabilities together, and making it turn out to be a potential attack. during the transaction process without the knowledge of both customer and service provider.

Security 143

Security Retail Authentication Big data 143