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knowbe4

Financial Services Industry Experiences a Massive Increase in Brand Abuse

Oct 4, 2024 By Stu Sjouwerman In KnowBe4
Industry analysis of the domains used behind phishing and brand impersonation attacks show financial institutions are being leveraged at an alarming rate. It’s one thing to see your industry at the top of some “state of” cybersecurity report, but it’s entirely different to learn that 68% of all phishing web pages identified in a single quarter are from your industry. That’s exactly what we find in Akamai’s latest analysis of websites across the Internet.
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manageengine

Five worthy reads: Cyberattacks in the banking industry

Sep 27, 2024 By General In ManageEngine
Five worthy reads is a regular column on five noteworthy items we’ve discovered while researching trending and timeless topics. This week, we explore cyberattacks in the banking industry. Gone are the days when paychecks were rolled out in envelopes on payday. We’ve evolved from juggling between counters to deposit a check to managing everything through a single mobile banking application. Indeed, modern banking saves us time and encourages self-service.
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Trustwave

FINRA Warns of Rising Risks as Third-Party Cyberattacks Threaten Financial Services

Sep 25, 2024 By Trustwave In Trustwave
Earlier this month, the Financial Industry Regulatory Authority (FINRA) posted a cybersecurity advisory highlighting the recent cybersecurity risks of third parties impacting its members and financial services organizations. The recently released Trustwave SpiderLabs 2024 Trustwave Risk Radar Report: Financial Services Sector underscores FINRA's concern about the escalating threat landscape facing the financial industry.
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bitsight

CISA KEV performance in the Financial Sector

Sep 18, 2024 By Ben Edwards In BitSight
As a security data nerd I am absolutely spoiled here at Bitsight. So much so that I have to stop myself from doing little projects and requests so I can dive into the “big” stuff1. So it is always refreshing when folks see a piece of research and decide “hey can you give me more information on my little corner of the world.” Then of course and can throw off those notions of “stopping” and just dive back in.
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Trustwave

How Phishing-as-a-Service Exposes Financial Services to Extensive Threats

Sep 12, 2024 By Trustwave In Trustwave
Phishing remains the favored and most successful method of obtaining an initial foothold in a targeted organization. So it should come as no surprise that threat actors have developed turnkey solutions that enable even low-skilled hackers to conduct successful email attacks.
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Trustwave

Insider Threats: The Hidden Enemy Within Financial Services

Sep 11, 2024 By Trustwave In Trustwave
Financial services organizations already face a dizzying array of external threats, but just as dangerous and often harder to spot are the threats posed by people inside their firm, according to the Trustwave SpiderLabs' Financial Services Deep Dive: Insider Threat. The report noted that insider threat attacks have become more common over the past year, with 40% of organizations reporting more frequent insider threat attacks compared to previous years.
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Snyk

5 reasons why developers at FinServ institutions are outpacing their security teammates

Sep 9, 2024 By Katie DeMatteis In Snyk
Advanced biometrics. Seamless onboarding walkthroughs. Cross-platform integrations. Hyper-personalized dashboards. Cleanly designed reports. These are just some of the features today’s users expect from their financial applications, pushing most financial institutions to release them quickly — or risk being outpaced by FinTech disruptors who already do. As a result, development teams must build more quickly, adopting new technologies to stay in step with demanding goals and tight deadlines.
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securitysenses

Understanding Risk Management in Trading for Newcomers

Sep 6, 2024 By SecuritySenses In SecuritySenses
Risk management is a crucial pillar of successful trading, especially for newcomers navigating the often volatile financial markets. At its core, risk management involves identifying, assessing, and prioritizing risks to minimize potential losses. New traders should start by determining their risk tolerance - an understanding of how much they can afford to lose without jeopardizing their financial stability. Keeping a crypto trading diary can also help in tracking decisions and outcomes, which is essential for improving one's approach to risk management.
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Trustwave

Phishing and Ransomware: How Threat Actors Attack the Financial Services Sector

Sep 4, 2024 By Trustwave In Trustwave
Trustwave SpiderLabs is prepped to launch its newest threat intelligence research, the 2024 Trustwave Risk Radar Report: Financial Services Sector. The upcoming report, which is set to be released on September 10, promises to be an indispensable resource for cybersecurity professionals. This comprehensive report not only sheds light on the modus operandi of a dominant ransomware gang but also delves into the persistent use of phishing and brute-force attacks to compromise credentials.
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