Collaborate Disseminate
Integrating an acquired company into a single organization is a daunting task that can take weeks, months, or even years to complete. To have a successful conclusion to the mergers and acquisitions (M&As) process, identity and access management (I… Continue reading 7 access management challenges during M&A
Within the largest financial institutions, insurers, and retailers, the rise and adoption of AI, an impending recession, and the return of pre-pandemic fraud techniques are driving record rates of fraud attacks for consumers and enterprises alike, acco… Continue reading Pre-pandemic techniques are fueling record fraud rates
The impact of identity fraud varies for organizations in the financial services industry, based on whether they belong to the banking or FinTech sector, according to Regula. Specifically, every fourth bank reported experiencing over 100 identity fraud … Continue reading The staggering cost of identity fraud for financial services
Netwrix announced additional findings for the financial and banking sector from its global 2022 Cloud Security Report. Compared to other industries surveyed, financial institutions are much more concerned about users who have legitimate access to their… Continue reading Financial organizations more prone to accidental data leakage
Revolut, the fintech company behing the popular banking app of the same name, has suffered a data breach, which has been followed by phishing attacks aimed at taking advantage of the situation. About the Revolut data breach Revolut customers began noti… Continue reading Revolut data breach: 50,000+ users affected
In this Help Net Security video, Michael Thelander, Director Product Marketing at Eclypsium, discusses how financial organizations are failing to act despite the majority experiencing a firmware-related breach. 92% of CISOs in finance believe adversari… Continue reading Financial organizations fail to act on firmware breaches
We all know the risks out there. Ransomware is a huge threat, and critical transactional data is constantly under attack. Meanwhile, financial services organizations are being squeezed on all sides, as regulators are tightening legislation, from SOX to… Continue reading Better than a fix: Tightening backup and restore helps financial services companies innovate
Veracode released data revealing that the financial services industry ranks among the best for overall flaw percentage when compared to other industries, but has one of the lowest fix rates for software security flaws. The sector also falls to the midd… Continue reading How fast is the financial industry fixing its software security flaws?
As payment fraud increases, global losses are projected to reach $40.62 billion by 2027. Governments and businesses are turning to meaningful customer authentication to crack down on identity theft. In particular, the EU has led the charge by introduci… Continue reading How to navigate payment regulations without compromising customer experience
During the first half of 2022, BioCatch data reveals that money mule accounts represent up to 0.3 percent of accounts held by financial institutions, and an estimated $3 billion in fraudulent financial transfers. According to the Federal Deposit Insura… Continue reading Attack methods using hybrid bots enable criminals to open mule accounts at scale