Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

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

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.

Simplify Compliance for FFIEC-NCUA

Financial service organizations face a growing challenge. Their customers expect 24×7 access and self-service convenience, meaning these organizations must move to the cloud and embrace new technologies. However, those moves also expand their attack surface, increase cyber risk, and make achieving and maintaining compliance more challenging.

The Importance of Know Your Business (KYB) in the Fintech World

In the dynamic and rapidly evolving fintech industry, regulatory compliance and risk management are crucial for maintaining trust and ensuring sustainability. One critical component of this regulatory framework is the Know Your Business (KYB) process. KYB involves verifying the legitimacy and credentials of business clients and partners, ensuring they are who they claim to be, and assessing their potential risks. In the fintech world, KYB is essential for mitigating fraud, ensuring compliance with regulations, and fostering a trustworthy ecosystem.

Managing Third-Party Cyber Risk in Financial Services

In today's interconnected financial landscape, businesses face increasing risks from third-party vendors, making effective cyber risk management essential. Significant data breach costs and stringent regulatory requirements place further burden on this sector. In response, UpGuard offers a Vendor Risk Management solution to help institutions manage these risks and maintain compliance. Learn more at upguard.com/fsi.

How CPG 235 is Shaping Data Security Standards in Finance

In 2013, the Australian Prudential Regulation Authority (APRA) introduced Prudential Practice Guide CPG 235, a comprehensive framework designed to enhance data risk management across the finance sector. This guide provides financial institutions with principles and best practices to safeguard data integrity, confidentiality, and availability. This blog explores CPG 235, its key components, compliance requirements, and how implementing the framework can enhance data security standards at your organization.
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Six steps to protecting data in financial services companies

There is no shortage of news headlines about companies falling victim to cyber breaches and the astounding costs associated with them. According to the IBM Cost of a Data Breach Report 2023, the global average cost of a data breach in 2023 was $4.45 million, a 15% increase since 2020. For the financial services industry, the cost is even higher at $5.9 million per breach; that is 28% above the global average.

Securing Your Wealth: How Cybersecurity Affects Investment Decisions

The frequency and sophistication of cyber threats make cybersecurity a critical factor in any company. Therefore, investors should be more vigilant, recognizing that a company’s cybersecurity posture can significantly impact its financial health and stability. This article highlights the need for robust cybersecurity strategies and how these can determine investment decisions.

How to Buy Bitcoin (BTC) in India

Bitcoin (BTC) is the first and most well-known cryptocurrency, often referred to as digital gold. It operates on a decentralised network and offers a secure and transparent method for conducting peer-to-peer transactions. As the pioneering cryptocurrency, Bitcoin has set the standard for the digital asset market and continues to be a preferred investment choice. For those looking to enter this market, understanding how to buy Bitcoin in India can be an essential step toward building a diversified investment portfolio.

8 Mobile Banking Security Tips to Protect Your Finances

Like everything we do, our devices have become a valuable asset in managing our lives. One of the most important things we all have to manage is our finances, and mobile banking has become the new norm for many of us to: The number of people relying on online banking is steadily increasing. By 2025, the number of people managing their finances is projected to reach 217 million. For this reason, mobile banking security is crucial to prevent cyber criminals from emptying your accounts.