Singapore regulators gave banks six months to institute real-time detection tools for blocking impersonation scams or else assume liability for stolen funds. A finalized framework published Thursday also shifts liability onto island-nation telecoms unless they block fraudulent SMS messages
Traditional data center security approaches do not translate very well to cloud environments as cloud computing and Layer 7 applications have fundamentally changed the way organizations should implement security controls, said Traceable AI's Richard Bird.
Despite heavy security investments, banks still struggle with basic security issues such as default passwords, vendor vulnerabilities and social engineering scams. Scott Weinberg, CEO of Neovera, shares a new report that shows banks of all sizes still grapple with these common risks.
The proliferation of data in today’s hyperconnected world presents both opportunities and risks. Rigo Van den Broeck, executive vice president of cybersecurity at Mastercard, said the sheer scale and accessibility of data require organizations to adopt proactive cybersecurity strategies.
Financial institutions are increasingly at risk from advanced cyber threats, as threat actors continuously evolve their tactics to exploit vulnerabilities and steal data.
This infographic outlines the key dangers which financial institutions must address to protect their assets and data, including:
Increasing...
Intesa Sanpaolo bank of Italy this week told the country's data regulator that an employee - who has since been fired - accessed sensitive banking details of the country's prime minister and other politicians for years. The Italian Data Protection Authority is investigating the data breach.
As cyber threats continue to evolve in sophistication, financial institutions face increasing pressure to not only comply with regulations like NIS2 and DORA but to stay ahead of adversaries employing advanced techniques such as social engineering, credential theft, and cloud vulnerabilities. In this insightful...
The European Council on Tuesday introduced a new sanctions framework to target Russian nationals and organizations engaged in malicious cyber activities such as election misinformation and disruptive cyberattacks. It seeks to address activities such as influence operations and hacking.
MoneyGram Payment Systems, a Dallas-based money transfer system, said hackers who hit its infrastructure last month stole customer data, including contact details, Social Security numbers and information pertaining to criminal fraud investigations.
Research shows that financial institutions are struggling to manage and secure access to a growing number of identities, leading to breaches and compliance risk.
Some highlights from the infographic include:
Key findings and insight from the 2024 State of Identity Security in Financial Services Report;
Alarming...
As the threat and regulatory landscapes continue to evolve for financial services, addressing identity and third-party risks has become more critical than ever.
Download this e-book to learn more on:
How providing provisioning access manually wastes time;
How to reduce third-party risk and protect sensitive PII...
DORA (Digital Operational Resilience Act) will require financial services entities and third-party information communication and technology (ICT) providers operating in the EU to comply with new technical requirements and rules, designed to help organisations withstand and recover from cyber events and technical...
Lunar is a Nordic bank with more than 700,000 users in Denmark, Sweden and Norway. Founded in 2015, Lunar strives to change banking for the better so its users can control their spending, save smarter and make their money grow.
Check out this case study to see how Falcon LogScale can help your team deliver results...
In an era of escalating cyber threats, financial services organizations face unique challenges. Our latest report reveals critical insights, including faster attack escalation, evolving malware tactics, and the surge in cloud intrusions.
Find out how to strengthen your defenses against sophisticated adversaries and...
Visa has signed a definitive agreement to acquire AI-driven fraud prevention leader Featurespace. This acquisition will reinforce Visa's fraud detection capabilities, integrating advanced machine learning technology to strengthen financial crime prevention and protect global transactions.
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