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Defending Financial Services Against Fraud in a Shifting Cyber Landscape

Thales Cloud Protection & Licensing

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial.

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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

Since then reams of data stolen from the company have been posted online, with the attackers promising to publish more in the coming days. But the company says the malware did not jeopardize card data, and that the incident was limited to administrative areas of its business. Total System Services Inc. NYSE:GPN ].

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Kaiser Permanente data breach may have impacted 13.4 million patients

Security Affairs

Healthcare service provider Kaiser Permanente disclosed a security breach that may impact 13.4 Media reported [ 1 , 2 ] that the company is notifying millions of current and former members of a data breach. Exposed data does not include usernames, passwords, Social Security Numbers (SSNs), and financial data.

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Toyota Financial Services discloses a data breach

Security Affairs

Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data.

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GUEST ESSAY: New SEC rules aim to help C-levels, board members quantify cyber risks

The Last Watchdog

Securities and Exchange Commission (SEC) is taking steps to crack down on insufficient cyber risk reporting. Seeking to minimize cybersecurity threat effects, the SEC has proposed several amendments requiring organizations to report on cyber risk in a “fast, comparable, and decision-useful manner.”. Fostering understanding.

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Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

These climate events have a huge potential impact on financial institutions. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Across the financial sector, there are transition risks to consider as we move to a low-carbon economy.

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Russia-linked APT28 and crooks are still using the Moobot botnet

Security Affairs

Trend Micro researchers reported that the EdgeRouter botnet , called Moobot , used by the APT28 group is still active and is also used by cyber criminal organizations. The threat actors used the botnet harvest credentials, collect NTLMv2 digests, proxy network traffic, and host spear-phishing landing pages and custom tools.