financial industry
Social engineering scams sweep through financial institutions
North American financial institutions fielded 10 times more reports of social engineering scams in 2024 than they did a year ago, according to BioCatch. The data shows scams …
North Korean hackers employ new tactics to compromise crypto-related businesses
North Korean hackers are targeting crypto-related businesses with phishing emails and novel macOS-specific malware. The crypto-related phishing campaign Since July 2024, …
DORA regulation’s nuts and bolts
The frequency, sophistication, and impact of cyber-attacks on financial institutions have been rising. Given the economic system’s interconnected nature, disruptions in …
Third-party risk management is under the spotlight
In the aftermath of the CrowdStrike IT outage, new research has uncovered a critical vulnerability within financial institutions regarding supply chain resilience. The outage …
Stolen, locked payment cards can be used with digital wallet apps
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims report the card stolen and the bank replaces it, …
Largest Croatian hospital under cyberattack
The University Hospital Centre Zagreb (KBC Zagreb) is under cyberattack that started on Wednesday night, the Croatian Radiotelevision has reported. Because of the attack, the …
Effective GRC programs rely on team collaboration
One in three organizations are not currently able to proactively identify, assess, and mitigate risk with their GRC program, nor are they able to ensure compliance with …
SEC requires financial institutions to notify customers of breaches within 30 days
The Securities and Exchange Commission (SEC) announced the adoption of amendments to Regulation S-P to modernize and enhance the rules that govern the treatment of consumers’ …
The challenges of GenAI in fintech
Due to the cybersecurity disclosure rules the Securities and Exchange Commission (SEC) has adopted in 2023, public entities in the US are required to disclose any material …
AI abuse and misinformation campaigns threaten financial institutions
Though generative AI offers financial firms remarkable business and cybersecurity utility, cyberthreats relating to GenAI in financial services are a consistent concern, …
Beyond blockchain: Strategies for seamless digital asset integration
In this Help Net Security interview, Jean-Philippe Aumasson, CSO at Taurus, emphasizes the often-overlooked complexities of key generation, storage, and distribution, …
Data security and cost are key cloud adoption challenges for financial industry
91% of banks and insurance companies have now initiated their cloud journey, a significant increase from 2020, when only 37% of firms had embarked on their cloud …
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