The risk of cyberattacks on financial institutions (FIs) cannot be overstated. In the past year, there have been more than one billion cyberattacks on financial institutions. That is three hundred times more than any other industry, such as retail, insurance, or healthcare. At an average cost of $18 million dollars...
Hackers have breached the Australian Parliament's network, although investigators say they have found no evidence that attackers stole any data. But Parliament's presiding officers said all users have been ordered to reset their passwords as a precaution.
Email is indispensable to financial services. It's also so ubiquitous throughout society that most people take for granted that every email sent will be received almost instantaneously.
This guide shares insights on what is really happening behind the scenes with the industry's most used form of communication, ways...
Most companies have huge gaps in their cyber defenses, and can be compromised at will by a determined hacker. The industry even has a term for it: Assume Breach.
Join Roger A. Grimes, a 30-year computer consultant, for this webinar where he explores the latest research on what's wrong with current defenses and how...
Passwords are a pain. We all aim to protect both our customers and brand, however, passwords are weak, hard to remember and easy to hack. As organizations try to strengthen password policy requirements, legitimate customers fail and abandon into more costly channels like the call center. This cumbersome experience...
The organization that manages IT for Singapore's public healthcare sector says it has terminated, demoted or financially penalized several employees for their roles in the handling of a 2017 cyberattack on SingHealth, the nation's largest healthcare group. What do U.S. security experts think of these measures?
German officials say the suspect behind the mega-leak of politicians' and celebrities' personal details exploited their weak passwords to access email, social media and cloud service accounts. What can the security industry do to help address the password problem?
Despite increased use of two-factor authentication, single sign-on, and biometrics, passwords are still the most common form of authentication. However, when a significant percentage of breaches are caused by weak, stolen, or reused passwords, it's clear passwords pose significant risks that can't be...
Although the Reserve Bank of India mandated that banks complete the shift from magnetic stripe debit and credit cards to EMV chip-and-PIN cards by Jan. 1 to help reduce fraud, there's still plenty of work to be done.
Account takeover is a rapidly growing arena for
cybercriminals. How can organizations strengthen
both authentication and authorization?
Download this white paper to learn more about:
Why account takeover fraud is a growing and strengthening problem;
How organizations can strengthen authentication and...
"Self-sovereign identity" projects based on blockchain technology are likely to gain significant momentum in 2019, says analyst Avivah Litan of Gartner Research.
Mastercard has launched a "fusion center" designed to increase its speed of response and coordination among departments in the event of a cyberattack, says CSO Ron Green, who explains the initiative.
Leading the latest edition of the ISMG Security Report: Microsoft's Joram Borenstein highlights his top three areas of focus for 2019. Plus, Randy Vanderhoof of the US Payments Forum on securing card transactions in the coming year.
The financial services industry is in the midst of sweeping change. Earlier this year, we saw one of the latest shifts with the introduction of the European Union's revised Payment Services Directive (PSD2). PSD2's Strong Customer Authentication (SCA) section requires two factors for authentication.
Financial...
A database security blunder revealed on Friday serves as a reminder that the days of SMS-based authentication should be over. The exposed database, which wasn't protected by a password, contained 26 million text messages, many of which were two-step verification codes and account-reset links.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing cuinfosecurity.com, you agree to our use of cookies.
