In some respects, government agencies enter the cybersecurity arena with one hand
already tied behind their backs. It's accepted: They are under great public scrutiny in terms
of their financial spending. They are challenged to recruit and retain qualified staff. And yet
they are still a favored target of...
MAXEX, a company that develops a digital trading platform for the secondary mortgage market in the U.S., leaked 9 GB of internal documentation as well as full mortgage applications for 23 individuals. The data was released by a Swiss-based developer who apparently was unaware it was sensitive.
Security experts are urging organizations to patch a newly revealed serious flaw in Microsoft SharePoint as quickly as possible because proof-of-concept exploit code is already available. The U.K.'s National Cyber Security Center warns that hackers frequently target fresh SharePoint flaws.
To help prevent fraud, banks must leverage technologies such as behavioral analytics, device biometrics and one-time passcodes, says Nancy Guglielmo, senior vice president at the Bank Policy Institute.
Criminals have been seeking innovative new ways to steal cash from ATMs. In the U.S., there has been a surge in physical attacks, while Europe has seen a sharp increase in "black box" attacks designed to make ATMs dispense cash on demand.
Whether you are just starting a digital transformation or you're running completely digitized processes, the right tech can make a significant impact on reducing risk and increasing customer value. But with so many solutions, how do you cull the herd?
Join us for an interactive session where we'll discuss a few...
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
The Treasury Department's Office of the Comptroller of the Currency has hit Citibank with a $400 million fine for deficiencies in enterprisewide risk management, compliance risk management, data governance and internal controls. Meanwhile, the Federal Reserve is requiring the bank's board to take action.
The Office of the Comptroller of the Currency has fined Morgan Stanley $60 million for the investment bank's failure to properly oversee the decommissioning of several data centers, putting customer data at risk of exposure.
Operational resilience gives banks the ability to simplify and streamline technologies supporting important business services, leading to better customer outcomes.
Download IDC ANALYST CONNECTION: Establishing Operational Resilience to Achieve Customer Excellence and learn
What difficulties face banks whose...
Operational and cyber risk teams at financial institutions often face cyber resiliency challenges due to the complex, highly interdependent nature of their application environments. With zero-downtime applications and critical dependencies extending across new and old infrastructure, it's more difficult than ever for...
The attorneys general of 42 states plus Washington, D.C., have slapped health insurer Anthem with a $39.5 million settlement in the wake of a 2014 cyberattack that affected nearly 79 million individuals. Meanwhile, California's attorney general signed a separate $8.7 million settlement with the insurer.
Prior to COVID-19, Kumar Ramachandran of Palo Alto Networks declared 2020 the "year of the early majority" for SD-WAN adoption. How has the pandemic only amped up the need for better bandwidth, visibility and centralized management - all at a lower cost? Ramachandran explains.
Russian criminals operating online who want to stay out of jail need only to follow a few simple rules, the primary one being: Never target Russians. So it's surprising that security researchers have uncovered a new ransomware-wielding gang of Russian speakers that includes Russian victims on its hit list.
What will be the impact of the leak of investigatory documents from FinCEN - the U.S. Treasury Department's Financial Crimes Enforcement Network? For starters, experts warn that FinCEN reports may reveal sensitive information tied to banks and law enforcement agencies' investigatory tools and tactics.