Attackers are targeting financial departments with SmokeLoader malware

Financially motivated hackers have been leveraging SmokeLoader malware in a series of phishing campaigns predominantly targeting Ukrainian government and administration organizations. The phishing campaign The Ukrainian SSSCIP State Cyber Protection Ce… Continue reading Attackers are targeting financial departments with SmokeLoader malware

DORA and your quantum-safe cryptography migration

Quantum computing is a new paradigm with the potential to tackle problems that classical computers cannot solve today. Unfortunately, this also introduces threats to the digital economy and particularly the financial sector. The Digital Operational Resilience Act (DORA) is a regulatory framework that introduces uniform requirements across the European Union (EU) to achieve a “high […]

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Australia’s Financial Technology Startups Are Changing How Banks and Financial Institutions Procure New Tech

Australia’s Fintech ecosystem is now seen as a critical source of technology innovation by banks and financial institutions, as they seek to offer products and services faster, more cheaply and more scalably in the fast-changing business and cloud envi… Continue reading Australia’s Financial Technology Startups Are Changing How Banks and Financial Institutions Procure New Tech

The Hacker Tool to Get Personal Data from Credit Bureaus

The new site 404 Media has a good article on how hackers are cheaply getting personal information from credit bureaus:

This is the result of a secret weapon criminals are selling access to online that appears to tap into an especially powerful set of data: the target’s credit header. This is personal information that the credit bureaus Experian, Equifax, and TransUnion have on most adults in America via their credit cards. Through a complex web of agreements and purchases, that data trickles down from the credit bureaus to other companies who offer it to debt collectors, insurance companies, and law enforcement…

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Cost of a data breach 2023: Financial industry impacts

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, 15% more than in 2020. In response, 51% of organizations plan to increase cybersecurity spending this year. For the financial industry, however, global statistics don’t tell the whole story. Finance firms […]

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Learn About Business Accounting and Taxes for Just $30

With 15 courses in this e-learning bundle, you could study tax prep, QuickBooks, and more, all at your own pace with complete lifetime access. Continue reading Learn About Business Accounting and Taxes for Just $30

How Australia’s Banking Sector Can Embrace Cross-Collaboration to Combat the Scam Epidemic

The ACCC has given the green light for cross-banking collaboration to address scams. Here’s how IT pros in financial services can take advantage of this opportunity. Continue reading How Australia’s Banking Sector Can Embrace Cross-Collaboration to Combat the Scam Epidemic

Dark web activity targeting the financial sector

In this Help Net Security video, Jim Simpson, Director of Threat Intelligence at Searchlight Cyber, discusses threats against the financial sector. Threat actors will invariably target banks, yet by keeping an eye on the dark web, these institutions ca… Continue reading Dark web activity targeting the financial sector

2022 Industry Threat Recap: Finance and Insurance

The finance and insurance sector proved a top target for cybersecurity threats in 2022. The IBM Security X-Force Threat Intelligence Index 2023 found this sector ranked as the second most attacked, with 18.9% of X-Force incident response cases. If, as Shakespeare tells us, past is prologue, this sector will likely remain a target in 2023. […]

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