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Data Breach Today
AUGUST 19, 2021
Menlo Security's Mark Guntrip on How to Learn to 'Defend Differently' On one hand, rapid cloud migration has been a boon to financial services organization. But it's also exposed some security weaknesses.
OpenText Information Management
JANUARY 12, 2021
Fax is so secure that faxed documents and signatures are recognized in the courts as being legally binding. It stands to reason, then, that fax would be the bedrock of financial communications, but are there ways to make it even better?
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Data Matters
FEBRUARY 25, 2022
EST. Sidley and OneTrust DataGuidance are pleased to announce that registration is now open for their annual Data Protection in Financial Services (DPFS) Week. have impacted financial services. Securities and Exchange Commission. WEBINAR. 4:00 p.m. – 5:30 p.m.
Data Breach Today
AUGUST 23, 2021
Million Request-Per-Second Attack Launched by 20,000 Bots, Cloudflare Says Security firm Cloudflare says it detected and mitigated a 17.2 million request-per-second (rps) distributed denial of service attack, almost three times larger than any previously reported HTTP DDoS attack
Data Breach Today
DECEMBER 17, 2018
Digital transformation (DX) continues to drive growth across financial services firms, creating new opportunities to increase revenue and foster innovation. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity. Customers demand a seamless experience across all digital channels
Data Breach Today
JANUARY 23, 2019
Digital transformation (DX) continues to drive growth across financial services firms, creating new opportunities to increase revenue and foster innovation. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity. Customers demand a seamless experience across all digital channels
Rocket Software
MARCH 14, 2022
Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries.
Dark Reading
NOVEMBER 25, 2019
Every organization should be paying attention to the attacks targeting financial services systems
ARMA International
NOVEMBER 7, 2019
The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny. History of Financial System. financial system continues to evolve in response to changing regulations. Financial Services Industry Overview.
OpenText Information Management
AUGUST 28, 2018
Financial Service organizations are among the most highly regulated industries and routinely face a myriad of compliance and administrative proceedings. Prominent financial regulators like the UK Serious Fraud Office and the US Securities and Exchange Commission have already adopted the best eDiscovery (electronic discovery) solutions available to enhance their own reviews.
Threatpost
JUNE 21, 2018
Hacks Vulnerabilities Web Security attack technique data exfiltration Equifax breach financial services hidden tunnels uptickAttackers use the approach to look like legitimate traffic and hide data exfiltration in plain sight.
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Collibra
JULY 21, 2021
Financial services are highly regulated and maintain a strong focus on compliance and risk management. Considering that major financial organizations handle enormous amounts of data today, they require data accuracy and integrity at all times to minimize risks.
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.
Thales Cloud Protection & Licensing
DECEMBER 5, 2018
One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. IT security pros in financial services organizations reporting that their organization already had a data breach – but breaches are increasing at alarming rates. Check out our data security solutions , and follow us on Twitter , LinkedIn and Facebook.
Thales Cloud Protection & Licensing
NOVEMBER 4, 2020
Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. Weak security practices lead to data breaches.
OpenText Information Management
OCTOBER 24, 2018
It’s been a busy 2018 here on our OpenText™ Straight Through Processing (STP) for Securities (STP Financial Hub) platform, with many new clients discovering the benefits of our powerful workflow engine and flexible connectivity methods, along with our constant improvement and enhancement process for our existing clients.
Data Matters
FEBRUARY 10, 2021
On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. The post New York Department of Financial Services Issues First Guidance by a U.S. Cybersecurity Information Security Insurance Policy2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers.
Krebs on Security
JUNE 18, 2021
In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years.
Krebs on Security
JANUARY 25, 2022
But Jim has long had a security freeze on his credit file with the three major consumer credit reporting bureaus , and none of the lenders seemed willing to proceed without at least a peek at his credit history. 14, 2022 breach notification letter from tribal lender Mountain Summit Financial.
Hunton Privacy
FEBRUARY 22, 2021
Lastly, the Alert provides recommendations to secure data, noting that (1) regulated entities should review whether it is necessary to display any NPI (even redacted NPI) and (2) NPI should not be displayed on public-facing sites unless there is a compelling reason to do so.
Data Matters
AUGUST 19, 2020
On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.
Krebs on Security
JULY 23, 2020
In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. First American Financial Corp. Securities and Exchange Commission each announced they were investigating the company.
Hunton Privacy
APRIL 22, 2020
On April 13, 2020, the New York Department of Financial Services (“NYDFS”) issued guidance (“April guidance”) to all New York State entities covered under NYDFS’s cybersecurity regulation regarding assessing and addressing heightened cybersecurity risks due to the COVID-19 pandemic.
Krebs on Security
SEPTEMBER 11, 2019
Unlike many stories here about cloud service providers being extorted by hackers for ransomware payouts , this snafu appears to have been something of an inside job. — disclosed last week in a rather unceremonious message to some 4,000 clients that it would be shutting its virtual doors and that companies which relied upon it to process payroll payments should kindly look elsewhere for such services going forward.
OpenText Information Management
JULY 25, 2019
According to Accenture, the cost of cybercrime to US Financial Services companies rose 40% between 2014 and 2017, on average costing companies over $18 million per year. Add to this much tighter data protection regulations – such as those in the US and Europe – and the need for endpoint security becomes clear.
Rippleshot
JANUARY 22, 2018
When discussions about fraud, payments and security arise, you won't get long into a converstion before machine learning and artificial intelligence (AI) come into the mix. Through the application of high-performance software, machine learning technology has created advanced computing abilities that have a broad-scale reach for community banks that allow them to better compete against the bigger banks.
Krebs on Security
MAY 31, 2019
New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp. That measure, which went into effect in March 2019 and is considered among the toughest in the nation, requires financial companies to regularly audit and report on how they protect sensitive data, and provides for fines in cases where violations were reckless or willful. ” A Little Sunshine Data Breaches First American Financial Corp.
Data Breach Today
JUNE 9, 2022
Jeetu Patel of Cisco Discusses the Critical Ability to 'Bounce Back' From Incidents With rising threats facing critical infrastructure sectors, such as healthcare and financial services, "society as a whole, and the safety of society is completely dependent on cyber risk" - and being security resilient, says Jeetu Patel of Cisco.
Threatpost
DECEMBER 8, 2020
Web Security exact domain spoofing financial services Healthcare Ironscales manufacturing Microsoft Office 365 spearphishing Spoofing telecom utilities vertical markets
Hunton Privacy
JANUARY 24, 2018
On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018. As DFS continues to implement its landmark cybersecurity regulation, we will take proactive steps to protect our financial services industry from cyber criminals.”.
Threatpost
OCTOBER 21, 2020
Over half of Oracle's flaws in its quarterly patch update can be remotely exploitable without authentication; two have CVSS scores of 10 out of 10.
Threatpost
MARCH 12, 2020
Researchers with Akamai say that 75 percent of all credential abuse attacks against the financial services industry were targeting APIs. Hacks Videos Web Security API api attack bank cyber attack credential abuse Credential stuffing DDoS attack financial services sql injection
Data Breach Today
SEPTEMBER 23, 2021
CyberEdBoard Executive Member, Charmaine Valmonte, guest speaks at ISMG Virtual Cybersecurity Summit Asia: Financial Services Volmonte is VP, IT security and IT infrastructure, Aboitiz Group of Companies.
Threatpost
APRIL 13, 2020
Oracle will detail 405 new security vulnerabilities Tuesday, part of its quarterly Critical Patch Update Advisory.
OpenText Information Management
DECEMBER 4, 2019
Last year, the number of personal records exposed by cyber attacks on the financial services industry was an incredible 446,575,334 – more than triple from the year before. The financial and reputational damage from these data breaches can be immense.
Data Breach Today
AUGUST 3, 2022
Supply chain risk must be part of an enterprisewide risk management program framework, says information security manager Matt Marciniak of financial service firm Quantile.
Rocket Software
JULY 1, 2020
In the financial industry, more advanced applications and tools are enabling real-time financial notifications, streamlined payments, and more. A Rocket client in the financial sector noticed that their customers were moving towards an increasingly digital environment.
Threatpost
APRIL 17, 2019
The financial services industry sees nearly half of all website traffic coming from malicious bots. Most Recent ThreatLists Web Security advanced persistent bots bad bot report 2019 distil networks financial services percentage of web traffic threatlist
Dark Reading
OCTOBER 12, 2020
Microsoft and security firms ESET, Black Lotus Labs, and Symantec collaborated with the financial services industry to cut off the ransomware operation's C2 infrastructure
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