financial industry
Financial organizations embrace automation for enhanced security
The security performance of financial applications generally outperforms other industries, with automation, targeted security training, and scanning via Application …
The double-edged sword of heightened regulation for financial services
Financial services organizations are enticing targets for cybercriminals due to their significant wealth holdings, presenting abundant opportunities for monetary gain through …
Financial crime compliance costs exceed $206 billion
The growing complexity of compliance regulations and ever-evolving criminal methodologies are a major difficulty for financial institutions, according to LexisNexis Risk …
Strong compliance management is crucial for fintech-bank partnerships
72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process, according to Ncontracts. As …
Dark web activity targeting the financial sector
In this Help Net Security video, Jim Simpson, Director of Threat Intelligence at Searchlight Cyber, discusses threats against the financial sector. Threat actors will …
A fresh look at the current state of financial fraud
In this Help Net Security video, Greg Woolf, CEO at FiVerity, discusses how the emergence of sophisticated fraud tools powered by AI and recent upheavals in the banking sector …
How Google Cloud’s AML AI redefines the fight against money laundering
Google Cloud’s AML AI represents an advancement in the fight against money laundering. By replacing outdated transaction monitoring systems and embracing AI technology, …
Flaw in Revolut payment systems exploited to steal $20 million
Organized criminal groups exploited a flaw in Revolut’s payment systems and made off with $20+ million of the company’s money, the Financial Times reported on Sunday, …
7 access management challenges during M&A
Integrating an acquired company into a single organization is a daunting task that can take weeks, months, or even years to complete. To have a successful conclusion to the …
Pre-pandemic techniques are fueling record fraud rates
Within the largest financial institutions, insurers, and retailers, the rise and adoption of AI, an impending recession, and the return of pre-pandemic fraud techniques are …
The staggering cost of identity fraud for financial services
The impact of identity fraud varies for organizations in the financial services industry, based on whether they belong to the banking or FinTech sector, according to Regula. …
Financial organizations more prone to accidental data leakage
Netwrix announced additional findings for the financial and banking sector from its global 2022 Cloud Security Report. Compared to other industries surveyed, financial …
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