financial industry
Overwhelmed by fraud? Here’s how financial pros fight back
In this Help Net Security interview, Patrick Harding, Chief Architect at Ping Identity, discusses the growing threat of deepfake-related fraud and its impact on financial …
46% of financial institutions had a data breach in the past 24 months
As the financial industry is the most targeted sector for data breaches in 2024, it’s now more important than ever to strengthen the industry moving into 2025, according to …
Balancing security and user experience to improve fraud prevention strategies
In this Help Net Security interview, Jennifer White, Senior Director for Banking and Payments Intelligence at J.D. Power, discusses how financial institutions can improve …
With DORA approaching, financial institutions must strengthen their cyber resilience
The clock is ticking for financial institutions across the EU as the January 17, 2025, deadline for the Digital Operational Resilience Act (DORA) approaches. This regulation …
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’ …
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