financial institutions
Alert: Coyote Trojan Strike Compromises 61 Brazilian Banks
Financial cyberattacks pose a significant threat to the stability of global economies and the security of financial institutions. In a recent cybersecurity development, a staggering 61 banks in Brazil have fallen victim ...
What is an island hopping cybersecurity attack? | Cyber Bank Heists Report | Contrast Security
Cyber Bank Heists report sheds light on the evolution of island-hopping cyber threats This year’sCyber Bank Heists report by Contrast Security was eye-opening. The annual report sheds light on the cybersecurity threats ...
Seychelles Bank Doesn’t Know How It Got Infected with Ransomware Last Week
The Development Bank of Seychelles (DBS) has suffered a ransomware attack that remains a mystery as to how it occurred, almost a full week after the fact. The bank notified the country’s ...
Feds Point to Escalated Ransomware Attacks on Financial Institutions, Offer Guidance Based on Success Stories
The U.S. Security and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (OCIE) has issued an alert warning of an escalated number of ransomware attacks on financial institutions. The office details ...
Cybersecurity at Banks a Different Kind of Holiday Stress
Regardless of how they are made or who may be at fault when fraudulent transactions occur, the buck stops at the desks of cybersecurity professionals working at banks and financial institutions. A ...
Key Compliance Concepts for Financial Services
The Sarbanes-Oxley Act (SOX) was introduced following a number of financial scandals involving huge conglomerates and obliges companies to establish internal controls to prevent fraud and abuse, holding senior managers accountable for ...
The Hacker Certificate: How Fake Sites are Taking Over Financial Services
We assume that if a website has a security certificate—indicated by an address that begins with “https” and (typically) that little padlock icon next to it—then the website is safe. It isn’t ...
Will Developing Nations Turn to Cybercrime to Fuel Their Economy?
Vietnam is one developing nation believed to be using cyberattacks to generate money As banks and financial institutions are increasingly targeted by financially motivated malicious actors the world over, protecting these organizations ...
Understanding Consumer Sentiments About Financial Cybersecurity
I’ve long maintained that security can and should be leveraged as a competitive advantage, regardless of industry. But I’d like to expound upon this mantra: it holds particularly true for the financial ...
Using AI and ML to Win Against Fraud
Artificial intelligence (AI) and machine learning (ML) are undoubtedly the most popular technologies driving transformation across all markets and disciplines. AI and ML can make sense of vast amounts of data to ...
