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Finance

upguard

6 Ways Finance Companies Can Prevent Data Breaches

The financial industry is no stranger to data breaches. Financial institutions have access to millions of personally identifiable information (PII) records, which they must secure to the highest standard. The value of this data is open knowledge – hackers will actively search for existing cybersecurity weaknesses to gain unauthorized access to customers’ financial information.

upguard

8 Ways Finance Companies Can Prevent Data Leaks

The risk of a data breach is exceptionally high for financial organizations. Hackers recognize the high value financial data has on the dark web. Other cybercriminals pay significant amounts to get their hands on customers’ personally identifiable information (PII) and commit lucrative cybercrimes, like identity theft and insurance fraud. One of the most common ways cybercriminals gain access to this data is by exploiting data leaks.

veracode

Financial Services Organizations Have Fewer Security Flaws in Applications

According to our most recent State of Software Security Report, the financial services industry has fewer security flaws in its applications than last year. Great news, right? That said, the reduction in security flaws isn’t as significant as we would hope to see. The financial services industry has traditionally been recognized for having the least amount of security flaws.

Feroot

Five Client-Side Web App Risks Banking & Investment Should Know

Can you name the top cybersecurity risks for banking and investment? Most would probably list cyber attacks like phishing, credential theft, DDoS, and maybe ransomware. But would it surprise you to learn that there is something on the list that many in the banking and investment industry forget–and that’s client-side cybersecurity threats. You know the kind…the ones related to jQuery, cross-site scripting (XSS), JavaScript injections, formjacking, etc.

7 cybersecurity challenges the finance sector faces (and how to avoid them)

The financial sector continues to be victimized by cyberattacks, making it the third-most targeted sector after healthcare and manufacturing. The finance sector alone reported 2,527 incidents, 690 of which ended up in disclosure of data. In the always vulnerable finance industry, it's critical for organizations to employ an endpoint management system in addition to an antivirus solution in order to shield themselves. Employing an endpoint management system that has built-in antivirus capabilities is an added advantage.
veracode

A Swift Kick in the Nuts and Bolts of Banking

The global financial services industry is undergoing a seismic shift and not enough people are truly aware of what this means. By November of this year, banks and other financial institutions must have in place a new process for payment systems that uses the ISO 20022 standard instead of SWIFT. This must be active by November and by 2025, all financial institutions will have to be compliant.

Cybriant

The Financial Industry's Biggest Threat

Losing money to cybercriminals is the financial industry's biggest threat today. Billions of dollars have been lost in 2022 alone due to cyber security incidents. This money is unrecoverable and can be blamed on one thing - poor cybersecurity practices. The money goes straight to the pockets of hackers so they can build bigger and better ways to hack and steal our money.

elastic

4 ways financial services leaders can stay ahead of the cybersecurity risk curve

As financial institutions migrate to modern infrastructure and cloud services, bad actors have extended their skills and capabilities to achieve their missions. This is compounded by the fact that financial and payment vehicles continue to go virtual. Even the slightest breach can result in fines and reputational harm. Many financial institutions are successfully taking a risk-based approach to cybersecurity, according to our recent co-sponsored study with ThoughtLab.

idcentral

Telcos: Effective Financial solutions for AML Challenges

Globally, the telecom service providers are under massive pressure to add new revenue streams because of the commoditization of voice and data services and dropping margins. In this regard, several service providers have started offering financial services to leverage their distributor network and existing relationship with the subscribers.