financial industry

Arvest Bank CISO on building a strong cybersecurity culture in banking

Arvest Bank, Banks, cybersecurity, Don't miss, Features, financial industry, Fintech, Hot stuff, News, opinion /

Arvest Bank CISO on building a strong cybersecurity culture in banking 2025-02-11 at 07:31 By Mirko Zorz In this Help Net Security interview, Mike Calvi, CISO at Arvest Bank, discusses building a strong cybersecurity culture within the banking sector. He explains how leadership, effective reporting, and proactive engagement with associates are key in strengthening security. […]

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More destructive cyberattacks target financial institutions

0-day, Contrast Security, cybercrime, cybersecurity, financial industry, News, report, survey /

More destructive cyberattacks target financial institutions 2025-02-05 at 06:06 By Help Net Security Financial institutions will continue to be the ultimate targets for criminals and threat actors, as a successful attack offers a significant payoff, according to Contrast Security. Contrast Security has surveyed 35 of the world’s leading financial institutions to better understand their cyber

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Preparing financial institutions for the next generation of cyber threats

cybersecurity, Data Protection, Don't miss, Features, financial industry, fraud, Hot stuff, News, opinion, regulation, threats, Visa /

Preparing financial institutions for the next generation of cyber threats 2025-01-29 at 07:34 By Mirko Zorz In this Help Net Security interview, James Mirfin, SVP and Head of Risk and Identity Solutions at Visa, discusses key priorities for leaders combating fraud, the next-generation threats institutions must prepare for, and the role of collaboration between financial

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SEC and FCA fines: Issues jump

communication, Compliance, cybersecurity, Don't miss, financial industry, Hot stuff, MirrorWeb, Video /

SEC and FCA fines: Issues jump 2025-01-29 at 06:33 By Help Net Security The financial sector faces communication compliance challenges as organizations struggle to maintain oversight across communication channels. Adding to the complexity is the unexpected rise of unconventional platforms, such as Snapchat, used for business operations. In this Help Net Security video, David Clee,

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How AI and ML are transforming digital banking security

Artificial Intelligence, authentication, cybersecurity, Don't miss, Features, financial industry, Hot stuff, machine learning, News, opinion, passwordless, Solaris, strategy /

How AI and ML are transforming digital banking security 2025-01-14 at 07:04 By Mirko Zorz In this Help Net Security interview, Nuno Martins da Silveira Teodoro, VP of Group Cybersecurity at Solaris, discusses the latest advancements in digital banking security. He talks about how AI and ML are reshaping fraud detection, the growing trend of

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The SBI fake banking app shows that SMS authentication has had its day

authentication, cybercrime, cybersecurity, Don't miss, Expert analysis, Expert corner, financial industry, fraud, Hot stuff, IBS Software, News, opinion /

The SBI fake banking app shows that SMS authentication has had its day 2025-01-10 at 07:01 By Help Net Security As a company fortunate enough to have and maintain our own pentesting team, we often do outreach with other organizations to assist with or provide our expertise in offensive security. In collaboration with the Kerala

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Overwhelmed by fraud? Here’s how financial pros fight back

Artificial Intelligence, cybersecurity, deepfakes, Don't miss, Features, financial industry, fraud, Hot stuff, identity verification, News, online banking, opinion, Ping Identity, regulation /

Overwhelmed by fraud? Here’s how financial pros fight back 2024-12-27 at 07:04 By Mirko Zorz 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 security. He also discusses overlooked vulnerabilities in digital banking and offers advice for organizations to

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46% of financial institutions had a data breach in the past 24 months

cyber risk, cybersecurity, financial industry, identity, News, report, SailPoint, survey /

46% of financial institutions had a data breach in the past 24 months 2024-12-20 at 06:34 By Help Net Security 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 SailPoint. Financial institutions face growing cyber

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With DORA approaching, financial institutions must strengthen their cyber resilience

AttackIQ, Compliance, cyber resilience, cybersecurity, Don't miss, EU, Expert analysis, Expert corner, financial industry, Hot stuff, News, opinion, regulation, Risk Management /

With DORA approaching, financial institutions must strengthen their cyber resilience 2024-12-16 at 07:33 By Help Net Security 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 will reshape how organizations in the financial sector approach cybersecurity and operational

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Social engineering scams sweep through financial institutions

BioCatch, cybercrime, financial industry, fraud, News, report, social engineering, survey /

Social engineering scams sweep through financial institutions 2024-11-13 at 06:04 By Help Net Security 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 now represent 23% of all digital banking fraud. Growing danger of deepfake and

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North Korean hackers employ new tactics to compromise crypto-related businesses

APT, backdoor, Cryptocurrency, Don't miss, financial industry, Hot stuff, macOS, Malware, News, North Korea, phishing, SentinelOne /

North Korean hackers employ new tactics to compromise crypto-related businesses 2024-11-07 at 13:49 By Zeljka Zorz North Korean hackers are targeting crypto-related businesses with phishing emails and novel macOS-specific malware. The crypto-related phishing campaign Since July 2024, phishing emails seemingly containing helpful information on risks related to the rise of the price of Bitcoin have

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DORA regulation’s nuts and bolts

BforeAI, cyber resilience, cybersecurity, Don't miss, EU, financial industry, Hot stuff, regulation, Video /

DORA regulation’s nuts and bolts 2024-10-11 at 08:02 By Help Net Security The frequency, sophistication, and impact of cyber-attacks on financial institutions have been rising. Given the economic system’s interconnected nature, disruptions in one institution can have cascading effects on the broader financial market, leading to systemic risks. Regulators have responded with increasingly stringent requirements.

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Third-party risk management is under the spotlight

cybersecurity, financial industry, News, regulation, report, survey /

Third-party risk management is under the spotlight 2024-08-29 at 06:01 By Help Net Security In the aftermath of the CrowdStrike IT outage, new research has uncovered a critical vulnerability within financial institutions regarding supply chain resilience. The outage has demonstrated the need for greater digital supply chain resilience, particularly in vital sectors such as financial

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Stolen, locked payment cards can be used with digital wallet apps

apple, Banks, digital wallet, Don't miss, financial industry, fraud, Google, Hot stuff, mobile payment, News, online payment, PayPal, research, vulnerability /

Stolen, locked payment cards can be used with digital wallet apps 2024-08-19 at 21:32 By Zeljka Zorz 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 blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania State University

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Effective GRC programs rely on team collaboration

Artificial Intelligence, Compliance, cybersecurity, financial industry, healthcare, LogicGate, News, regulation, report, Risk Management /

Effective GRC programs rely on team collaboration 2024-05-24 at 06:31 By Help Net Security 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 regulations and frameworks – both key aspects of a mature, holistic GRC program, according

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SEC requires financial institutions to notify customers of breaches within 30 days

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SEC requires financial institutions to notify customers of breaches within 30 days 2024-05-20 at 13:01 By Help Net Security 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’ nonpublic personal information by certain financial institutions. The amendments update

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The challenges of GenAI in fintech

Artificial Intelligence, cybersecurity, Don't miss, Expert analysis, Expert corner, financial industry, generative AI, Hot stuff, News, opinion, Portal26 /

The challenges of GenAI in fintech 2024-05-20 at 08:01 By Help Net Security 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 cybersecurity incidents. Moving forward, these organizations will need in-depth knowledge of the impact, nature, scope

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AI abuse and misinformation campaigns threaten financial institutions

cybercrime, cybersecurity, financial industry, generative AI, News, report, survey, threats /

AI abuse and misinformation campaigns threaten financial institutions 2024-03-29 at 07:31 By Help Net Security Though generative AI offers financial firms remarkable business and cybersecurity utility, cyberthreats relating to GenAI in financial services are a consistent concern, according to FS-ISAC. Cybercriminals exploit AI for data exfiltration The cybersecurity community’s current consensus is that adversarial usage

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Beyond blockchain: Strategies for seamless digital asset integration

access management, blockchain, Cryptocurrency, cybersecurity, digital wallet, Don't miss, Features, financial industry, Hot stuff, identity management, Innovation, key management, News, opinion, regulation, Taurus, threats, tokenization /

Beyond blockchain: Strategies for seamless digital asset integration 2024-01-23 at 07:31 By Mirko Zorz In this Help Net Security interview, Jean-Philippe Aumasson, CSO at Taurus, emphasizes the often-overlooked complexities of key generation, storage, and distribution, underlining the necessity for a high level of security maturity in handling digital assets. Looking ahead, Aumasson predicts that the

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