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

The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

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. Solving these challenges requires employee training and prioritization of documents to manage the increasingly high volume.

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. This includes not only recruitment of those with cybersecurity experience and skills but a commitment by insurers to these employees’ training and development so as to “properly understand and evaluate cyber risk.”. 1 See W.B.

article thumbnail

Combat the increasing ransomware threat by educating employees

IT Governance

A recent Sophos survey of 2,700 IT managers in organisations with 100-5,000 employees around the world, revealed that many businesses are not prepared for ransomware attacks. 54% of those surveyed had experienced an attack within the past year. Healthcare was the most affected industry (76%) and financial services the least (45%).

article thumbnail

MY TAKE: Why companies and consumers must collaborate to stop the plundering of IoT systems

The Last Watchdog

IoT devices help remotely control our household appliances, power plants, smart buildings, factories, airports, shipyards, trucks, trains and military. In one very recent caper, the attackers targeted the CFO of a financial services firm, as he worked from home, Sherman says. And we’re just getting started.

IoT 277
article thumbnail

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 117
article thumbnail

Top 12 Cloud Security Best Practices for 2021

eSecurity Planet

In addition, 95 percent of survey respondents confirmed that they are extremely to moderately concerned about public cloud security. According to IDC’s 2021 State of Cloud Security Report , 79 percent of surveyed companies reported a cloud data breach in the last 18 months. Train your staff.

Cloud 120