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Account Takeover Fraud Declines in Financial Services

Data Breach Today

Tighter Security Controls Help Stop Fraud, But Fake IDs and Web Scraping Are Rising Account takeover fraud in the financial services industry is declining in contrast with other industries such as retail and hospitality.

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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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Medusa ransomware gang claims the hack of Toyota Financial Services

Security Affairs

Toyota Financial Services discloses unauthorized activity on systems after the Medusa ransomware gang claimed to have hacked the company. Toyota Financial Services confirmed the discovery of unauthorized activity on systems in a limited number of its locations. The company has yet to disclose a data breach.

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OpenText Reimagines Information at Financial Services Summit in NYC 

OpenText Information Management

OpenText is presenting the Financial Services Summit 2024 , which taking place on Oct. This exclusive in-person event focuses on harnessing AI to enhance trust and regulatory compliance in the financial services industry. For more information and registration, visit OpenText Financial Services Summit.

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Zenity Gets $38M Series B for Agentic AI Security Expansion

Data Breach Today

New Funding to Aid US Government Growth, Generative AI Security Product Development Zenity has closed a $38 million Series B round to advance its agentic AI security platform and extend its no-code and low-code application support.

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ISMG Editors: Financial Services Special

Data Breach Today

Payments Expert Troy Leach on Regulations, Cloud and AI in the Financial Sector In the latest weekly update, Troy Leach, chief strategy officer at Cloud Security Alliance, joins ISMG editors to discuss preparing for new regulations, new requirements for third-party cloud penetration testing, and the opportunities and risks of AI in the financial sector. (..)

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2024 Thales Global Data Threat Report: Trends in Financial Services

Thales Cloud Protection & Licensing

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Nearly two-thirds (64%) of FinServ said it’s more complex to secure data in the cloud than on-prem, compared to 55% of general respondents.