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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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Turning Aspiration into Action to Protect Financial Institutions

Thales Cloud Protection & Licensing

While this event is still considered one of the most grandiose thefts, financial institutions today collectively face digital attacks that easily rival it. Theft and other data security incidents cost financial institutions millions of dollars and result in more consumer records being lost or stolen, year after year.