article thumbnail

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.

article thumbnail

Financial Services Firms Operating Under False Sense of Security

Dark Reading

Trend Micro research finds most are over-confident about ability to withstand ransomware.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. individuals and businesses comply with ransomware payment demands in this October 2020 client alert.) The post New York Department of Financial Services Issues First Guidance by a U.S. Background. 1 See W.B.

article thumbnail

Experts linked ransomware attacks to China-linked APT27

Security Affairs

Researchers from security firms Profero and Security Joes linked a series of ransomware attacks to the China-linked APT27 group. Security researchers from security firms Profero and Security Joes investigated a series of ransomware attacks against multiple organizations and linked them to China-linked APT groups.

article thumbnail

Resecurity Released a 2024 Cyber Threat Landscape Forecast

Security Affairs

Key trends: 1️ Increased Ransomware Activity Targeting Public Companies Ransomware groups are poised to intensify their focus on publicly-traded organizations. Recent U.S.

article thumbnail

Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

article thumbnail

What is a Cyberattack? Types and Defenses

eSecurity Planet

Cyberattacks are on the rise, with cyber criminal trends and techniques becoming increasingly sophisticated and creative. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 Ransomware. Ransomware is the fastest-growing trend. Ransomware attacks can also threaten to release sensitive information.