Collaborate Disseminate
North American financial institutions fielded 10 times more reports of social engineering scams in 2024 than they did a year ago, according to BioCatch. The data shows scams now represent 23% of all digital banking fraud. Growing danger of deepfake and… Continue reading Social engineering scams sweep through financial institutions
As cybersecurity breaches continue to rise globally, institutions handling sensitive information are particularly vulnerable. In 2024, the average cost of a data breach in the financial sector reached $6.08 million, making it the second hardest hit after healthcare, according to IBM’s 2024 Cost of a Data Breach report. This underscores the need for robust IT […]
The post Exploring DORA: How to manage ICT incidents and minimize cyber threat risks appeared first on Security Intelligence.
Continue reading Exploring DORA: How to manage ICT incidents and minimize cyber threat risks
North Korean hackers are targeting crypto-related businesses with phishing emails and novel macOS-specific malware. The crypto-related phishing campaign Since July 2024, phishing emails seemingly containing helpful information on risks related to the r… Continue reading North Korean hackers employ new tactics to compromise crypto-related businesses
The frequency, sophistication, and impact of cyber-attacks on financial institutions have been rising. Given the economic system’s interconnected nature, disruptions in one institution can have cascading effects on the broader financial market, l… Continue reading DORA regulation’s nuts and bolts
In the aftermath of the CrowdStrike IT outage, new research has uncovered a critical vulnerability within financial institutions regarding supply chain resilience. The outage has demonstrated the need for greater digital supply chain resilience, partic… Continue reading Third-party risk management is under the spotlight
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims’ report the card stolen and the bank blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania St… Continue reading Stolen, locked payment cards can be used with digital wallet apps
The University Hospital Centre Zagreb (KBC Zagreb) is under cyberattack that started on Wednesday night, the Croatian Radiotelevision has reported. Because of the attack, the hospital has shut down its information system and will be switching parts of … Continue reading Largest Croatian hospital under cyberattack
One in three organizations are not currently able to proactively identify, assess, and mitigate risk with their GRC program, nor are they able to ensure compliance with regulations and frameworks – both key aspects of a mature, holistic GRC progr… Continue reading Effective GRC programs rely on team collaboration
The Securities and Exchange Commission (SEC) announced the adoption of amendments to Regulation S-P to modernize and enhance the rules that govern the treatment of consumers’ nonpublic personal information by certain financial institutions. The amendme… Continue reading SEC requires financial institutions to notify customers of breaches within 30 days
Due to the cybersecurity disclosure rules the Securities and Exchange Commission (SEC) has adopted in 2023, public entities in the US are required to disclose any material cybersecurity incidents. Moving forward, these organizations will need in-depth … Continue reading The challenges of GenAI in fintech