Krebs on Security

JUNE 18, 2021

Under First American’s documented vulnerability remediation policies, the data leak was classified as a security weakness with a “level 3” severity, which placed it in the “medium risk” category and required remediation within 45 days. “The [employee] did not request a waiver or risk acceptance from the CISO.”

Insurance 288

Insurance Risk Financial Services Mining 288

Adam Levin

NOVEMBER 13, 2018

The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve Read more about the story here.

Risk 81

Risk Financial Services Manufacturing Data breaches 81

DLA Piper Privacy Matters

NOVEMBER 18, 2021

Should data privacy be embraced as a business opportunity now, rather than viewed as a business risk only for many in this sector? Should data privacy be embraced as a business opportunity now, rather than viewed as a business risk only for many in this sector? Listen to the podcast here. .

Privacy 133

Privacy Digital transformation Government Financial Services 133

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM Cloud Object Storage is built on the IBM Cloud Framework for Financial Services , which was designed to help clients focus on their security and compliance postures.

Cloud 82

Cloud Financial Services Security Compliance 82

IBM Big Data Hub

AUGUST 1, 2023

We are bringing the power of foundation models with the availability of a GPU as a service on IBM Cloud offering to help organizations tap into artificial intelligence (AI) in a secured environment while aiming to mitigate third- and fourth-party risk.

Financial Services 63

Financial Services Computer and Electronics Cloud Digital transformation 63

Security Affairs

DECEMBER 26, 2023

Key trends: 1️ Increased Ransomware Activity Targeting Public Companies Ransomware groups are poised to intensify their focus on publicly-traded organizations. Recent U.S. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, 2024 Cyber Threat Landscape Forecast)

Energy and Utilities 121

Energy and Utilities Artificial Intelligence Ransomware Data breaches 121

Data Matters

MAY 4, 2022

Lashway and Mr. Woods join Sidley from Baker McKenzie where they started and led the global cybersecurity practice group for over 10 years. Governments, boards, and C-suites around the world have prioritized cybersecurity as the number one risk issue they are facing today,” said Mr. Lashway, speaking on behalf of himself and Mr. Woods. “We

Cybersecurity 167

Cybersecurity Marketing Security Privacy 167

Security Affairs

FEBRUARY 28, 2024

VIPRE Security Group’s latest report, “Email Security in 2024: An Expert Insight into Email Threats,” delves into the cutting-edge tactics and technologies embraced by cybercriminals this year. Amidst this dynamic landscape, email stands as a primary battleground for cyber defense.

Security 123

Security Phishing Communications Financial Services 123

The Security Ledger

MARCH 26, 2021

In this week’s Security Ledger Podcast, sponsored by Trusted Computing Group, we’re talking about securing the hardware supply chain. » Related Stories Episode 201: Bug Hunting with Sick Codes Episode 200: Sakura Samurai Wants To Make Hacking Groups Cool Again. . » Read the whole entry. »

Computer and Electronics 52

Computer and Electronics Financial Services Risk Paper 52

OpenText Information Management

JUNE 5, 2024

Banks and corporates alike are investing in comprehensive compliance solutions to manage risk and ensure transparency in their operations. For banks, this includes optimizing payment processing and compliance, while for corporate clients, it involves providing tools for cash management, payment tracking, and financial reporting.

Artificial Intelligence 57

Artificial Intelligence Customer Experience Financial Services Compliance 57

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? The Basel Committee released BCBS 239 as far back as 2013.

Financial Services 91

Financial Services Cloud Metadata Digital transformation 91

The Last Watchdog

JUNE 17, 2020

based application security vendor, today is launching a new solution, called API Sentinel, designed to help companies jump in and start proactively mitigating API risks, without necessarily having to slow down their innovation steam engine. OFX is the financial service industry’s standard for transferring funds,” he says.

Digital transformation 178

Digital transformation Risk Financial Services Military 178

Data Matters

MARCH 23, 2020

On March 5, 2020, the Office of the Comptroller of the Currency (OCC) issued an updated set of answers to frequently asked questions (FAQs) 1 regarding risk management in national bank relationships with third parties to further supplement its 2013 guidance, OCC Bulletin 2013-29 (the Bulletin), 2 and its 2017 FAQs (Prior FAQs) on the topic.

Risk 68

Risk Cloud Compliance Marketing 68

Hunton Privacy

FEBRUARY 7, 2023

As the nature of digital assets continues to evolve and develop, it is imperative that data privacy issues are considered and addressed in tandem with the development of financial services policy and regulation to ensure a coherent, comprehensive and practical regulatory approach that can support a trusted, open, innovative and competitive market.

Data Privacy 61

Data Privacy Blockchain Compliance Privacy 61

Data Matters

AUGUST 22, 2018

On August 7, a group of regulators from 11 jurisdictions published a consultation (the Consultation) on the Global Financial Innovation Network (the GFIN), which aims to promote international cooperation on innovation and the use of technology in financial services (FinTech) and in regulatory processes (RegTech).

Financial Services 60

Financial Services Artificial Intelligence Blockchain Marketing 60

Data Matters

JUNE 29, 2022

She advises clients in several industries, including financial services, hospitality, manufacturing, telecommunications, and energy. Mr. Wilan has focused his practice for over 20 years on the intersection between legal risk and data.

Cybersecurity 88

Cybersecurity Data breaches Privacy Compliance 88

The Last Watchdog

MARCH 31, 2020

“The ability to ship software out quickly has become an imperative for almost all businesses, meaning, ‘If you don’t do this, your competitors will, and your business will be at risk,’” he says. Fast-and-risky DevOps has forced a philosophy shift at large companies accustomed to top down decision making.

Security 194

Security Privacy Financial Services Risk 194

Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

Insurance 78

Insurance Artificial Intelligence Risk Compliance 78

Security Affairs

MARCH 19, 2022

The advisory was published in coordination with the US Treasury Department and the Financial Crimes Enforcement Network (FinCEN). Regularly provide users with training on information security principles and techniques as well as overall emerging cybersecurity risks and vulnerabilities (i.e., ransomware and phishing scams).

Ransomware 104

Ransomware Passwords Encryption Financial Services 104

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

Security 85

Security Data breaches Ransomware Artificial Intelligence 85

The Last Watchdog

SEPTEMBER 7, 2022

The technology industry has met the dramatic rise in ransomware and other cyber attacks with an impressive set of tools to help companies mitigate the risks. Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes.

Ransomware 124

Ransomware Education Phishing Financial Services 124

Info Source

SEPTEMBER 14, 2023

Andrew discussed the risks and dangers associated with AI, as well as litigation in development that will affect the market. To address this trend, we hosted an M&A panel featuring industry veterans David Gerber of Corum Group and Paul Carman of Xamcor.

Marketing 52

Marketing CMS Financial Services Cloud 52

Data Protection Report

DECEMBER 23, 2019

Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. For a long time companies have been more focused on the risk of losing data than on retaining too much data. Data is not just a risk. In the U.S.,

Privacy 144

Privacy Compliance Personal data Risk 144

Data Protection Report

MAY 25, 2022

In this article we distil critical lessons from the Federal Court’s recent decision in Australian Securities and Investments Commission v RI Advice Group Pty Ltd [1] and practical actions to be taken by Boards and executive management. The decision emphasises that these risks are both individual to each organisation and constantly evolving.

Cybersecurity 75

Cybersecurity Risk Financial Services Retail 75

Security Affairs

APRIL 8, 2020

A criminal group called Maze has claimed responsibility.” Once you’ve registered, you should be aware that CIFAS members will do extra checks to see when anyone, including you, applies for a financial service, such as a loan, using your address.” ” reads the data breach notification published by the company.

Ransomware 105

Ransomware Data breaches Encryption Financial Services 105

Security Affairs

APRIL 10, 2019

SAP April 2019 Security Patch Day addressed a High risk information disclosure issue in Crystal Reports tracked as CVE-2019-0285 (CVSS Base Score: 7.5). Another High risk vulnerability fixed by SAP is a spoofing attack flaw affecting NetWeaver Java Application Server. One of them received Hot News priority rating. by CVSS base score.

Security 70

Security Financial Services Risk Access 70

Security Affairs

MAY 10, 2022

Frappo” is actively advertised in the Dark Web and on Telegram where it has a group with over 1,965 active members – there cybercriminals discuss how successful they’ve been at attacking the customers of various online services.

Phishing 80

Phishing Retail Financial Services Data breaches 80

Thales Cloud Protection & Licensing

JANUARY 10, 2024

As stated by the International Association of Privacy Professional ( IAPP ) critical sectors such as financial services are therefore conspicuously excluded, leaving organizations without a clear pathway to data protection compliance and potentially exposing them to significant risks.

Data Privacy 83

Data Privacy Personal data Privacy Cloud 83

Security Affairs

JUNE 9, 2019

The group of security researchers NightSt0rm published technical details about the vulnerability in a blog post on Medium. The experts explained that had access to an ATM of Diebold vendor and started analyzing the machine a simple PC running Windows OS and exposing some services implemented by the ATM provider.

Libraries 97

Libraries Communications Financial Services Risk 97

Thales Cloud Protection & Licensing

JANUARY 26, 2021

during the transaction process without the knowledge of both customer and service provider. Security researchers often use the term “magecart” to refer to different groups of cybercriminals that perform various types of skimming attacks. Securing digital transactions.

Security 143

Security Retail Authentication Big data 143

IT Governance

DECEMBER 7, 2017

Organisations across many industries face the risk of data theft, but those in the financial services sector are particularly vulnerable to the loss of “propriety algorithms”, and recruitment agencies and estate agents risk losing highly valuable client databases. Different opinions. Staff education.

Education 71

Education Information Security Financial Services Risk 71

Security Affairs

DECEMBER 4, 2018

The medical industry faces an exceptional risk for cyberattacks because there are so many players involved in the sector. Nonprofits typically focus their efforts on causes that improve society at large, at-risk groups and others in need. Despite those risks, retailers make blunders when budgeting for cybersecurity.

Retail 93

Retail Cybersecurity Data breaches Risk 93

CGI

JANUARY 7, 2020

Using this information, the bank also can create a reasonable estimate of the borrower’s net worth to supplement or even replace financial statements, depending on the loan amount. Mixing this data with peer group data enables banks to make a pitch for a variety of financial services in an automated and targeted way.

Analytics 84

Analytics Marketing Compliance Risk 84

Data Protection Report

JANUARY 6, 2020

As a result, organisations need to revisit their current cookie consent mechanisms and notices and reassess their appetite to risk. This exercise could also be hugely beneficial if you are thinking of applying for intra-group data transfer solutions, such as binding corporate rules or a certification. Conquer the world!

Privacy 85

Privacy GDPR Data breaches Risk 85

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 ). Prudential risk management.

Authentication 68

Authentication Paper Risk Insurance 68

Security Affairs

MARCH 18, 2019

They can share chats, files and other data , all while still meeting their own risk mitigation requirements. As mentioned in their privacy policy , Customers or individuals granted access to a Workspace by a Customer (“Authorized Users”) routinely submit Customer Data to Slack when using the Services. Is Slack safe to use? Admin Roles.

Encryption 76

Encryption Risk Financial Services Privacy 76

Data Matters

OCTOBER 8, 2020

Treasury Department’s Office of Foreign Assets Control (OFAC) published an advisory that highlights the risk of potential U.S. September 2019: the North Korea-sponsored Lazarus Group, creator of WannaCry 2.0. On October 1, 2020, the U.S. sanctions law violations if U.S. November 2018: two Iranian creators of SamSam ransomware.

Ransomware 68

Ransomware Compliance Risk Government 68