Collaborate Disseminate
The potential financial, operational, and reputational impact of ransomware makes it the top threat facing financial services organizations, according to a report from F-Secure. Phishing, exposed remote desktop protocol (RDP) ports, and the exploitatio… Continue reading Top threats for the financial sector
The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption from all angles. Consumers are digitally connected in almost all facets of th… Continue reading Consumers demand a digital banking experience with security at its foundation
In the face of rising cybersecurity threats, the Biden administration issued an executive order in May 2021 calling for improvements in the supply chain. Among the recommended requirements is a software bill of materials (SBOM) for software vendors con… Continue reading Why banks should incorporate software bill of materials (SBOM) into their third-party risk programs
Websites for several banks and government agencies in Ukraine — including the Ministry of Defense, Ministry of Internal Affairs and the Armed Forces of Ukraine — were facing disruptions Tuesday, according to multiple sources. Ukraine’s Center for Strategic Communications and Information Security posted a message to Facebook late morning U.S. time saying the banks and the government were hit by a “massive” distributed denial-of-service (DDoS) cyberattack. A request for comment from the agency was not immediately returned. None of the reports attributed the DDoS attacks to a specific source. The attacks come as tensions in the region continue to ratchet up, with the Russian government potentially on the verge of military escalation against Ukraine. Local news reported that users were having problems with online banking earlier in the day. One of the banks in question, Privat, is one of the largest in Ukraine, and users were having issues with the […]
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Continue reading Ukrainian government says websites for banks, defense ministry hit with DDoS attack
In this interview with Help Net Security, Karl Mattson, CISO at Noname Security, explains the wide usage of open banking and how it can easily be exploited if adequate security measures are not implemented. As open banking becomes widely used, it opens… Continue reading Open banking innovation: A race between developers and cybercriminals
I asked this question in money about telling my bank about using a second hand or grey market mobile phone. The the implication of some of the comments is that any worry is misplaced.
It seems to me that one could be exposed to financial … Continue reading Is using a second hand/grey market phone for banking security a credible risk?
Over the past couple of years, there has been unprecedented change in the world of financial services. The shift to online banking has accelerated the need for digital transformation. As a result, financial institutions are adopting a range of innovati… Continue reading Why cybersecurity and anti-fraud teams need to collaborate
A research released by Computer Services suggests growing concerns among bank executives around recruiting and retaining talent as well as fighting cybercrime threats. In the survey, which collected responses from 279 executives from financial institut… Continue reading Bank executives mostly concerned about cybercrime
In this interview with Help Net Security, Ido Helshtock, Chief Product Officer at HUB Security, talks about banking security, the most common vulnerabilities, and what banks can do to protect their own as well as their customers’ assets. As banks… Continue reading When it comes to banking security, there’s no silver bullet
I try to use packages that are well known and heavily used. However, I still can’t shake the feeling of "What if I made a mistake and installed a package with malicious intent? What if my machine is compromised and I don’t even know i… Continue reading Is it a bad idea to access my bank from my development machine?