Mastercard’s Cyber Secure Uses AI To Help Banks Fight Cyber Fraud

PYMNTS

Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct.

Banks confront new type of phishing: 'Salami' attacks

American Banker

Cyber security

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Hackers using text messaging to target retailers

Payments Source

Retailers Cyber security

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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. “It’s Meshell was joined on stage by Sean McKee, Senior Manager, Cyber Threat Management, TD Bank, to provide a perspective on how to ensure that a financial services company can gauge its readiness for a cyber security attack. Focus on cyber resiliency.

Girl Scouts Will Get The Chance To Earn Badges In Cyber Security

PYMNTS

Girl Scouts will soon get the chance to earn their first ever cyber security badges. The Huffington Post reports that Girl Scouts can earn the first of 18 cyber security Girl Scout badges beginning in September 2018. million Girl Scouts in kindergarten through sixth grade and is being developed in a partnership between the Girl Scouts and Palo Alto Networks, a security company.

Facial recognition tech is catching on with banks

American Banker

Digital banking Cyber security

Cyber security: Are you cyber resilient? (You better be)

Accenture

Cyber security is a top-of-mind issue with no easy answers and no absolute protections. Cyber attacks are frequent, evolving, costly—and no retail bank is totally immune. Becoming cyber resilient A recent Accenture point of view challenges financial services organizations to. Everyday Bank Featured cyber security cyber resilienceRead more.

Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Yesterday (Tuesday, November 10), the authorities charged three men with what they call “pump and dump” manipulation of publicly traded stock, mining of nonpublic corporate information, money laundering, wire fraud, identity theft and securities fraud.

Cyberdefense firms claim headway against 'credential stuffing'

American Banker

Cyber security Cyber attacks

Fraudsters pick new targets, but threats to banks persist

American Banker

Fraud Cyber security

Today In Payments: Mastercard’s Cyber Secure Helps Fight Cyber Fraud; Amazon Focuses On Fulfillment After Record Quarter

PYMNTS

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud.

Cyber security "starts with the board"

Bobsguide

Just as we rang in the 2020s, foreign exchange company Travelex found itself battling a well-coordinated ransomware and meticulously planned cyber- attack. This attack came as a timely reminder that, as financial firms extend their offering and reliance on all things digital, we can only expect

DHS Says SEC Computers Have Five Critical Cyber Security Weaknesses

PYMNTS

It turns out even the Securities and Exchange Commission’s (SEC) computers aren’t super secure, even following a breach last year, according to a report in Reuters. Department of Homeland Security (DHS), the news service reported the DHS had identified five “critical” cyber security weaknesses on the SEC’s computing systems as of the end of January. The greatest threat to our markets right now is the cyber threat,” said Peikin in the exclusive interview.

Weary of passwords, mobile banking users warm to biometrics

American Banker

Authentication Cyber security Fraud prevention

'It's very scary': Small banks quietly hit by ransomware attacks

American Banker

Ransomware Cyber security

Are UK SMEs’ cyber security fears standing in the way of digital innovation?

Accenture

Managing Risk Featured cyber security SME Banking digital innovation digital talent digital securityUK SMEs and charities are becoming more digital and this is translating into organisational success. It’s a headline message from this year’s Lloyds Bank Business Digital Index (BDI). But that doesn’t mean it’s all plain sailing. Hand-in-hand with SMEs’ adoption. Read more.

Bank of America tech chief says cyberattacks have surged ‘dramatically’

Payments Source

Bank of America Cyber security Coronavirus

Are APIs as secure as they're cracked up to be?

American Banker

Cyber security APIs

Ransomware group attacks a New Jersey bank — then shuts down

American Banker

Ransomware Cyber security Cyber attacks

Colonial Pipeline shows how not to handle a ransomware attack

American Banker

Ransomware Cyber security

Solving for security as contactless payments grow

Payments Source

Digital payments Cyber security Leaders Technology

New York Amends Cyber Security Proposal

New York's State of Mind

New York State Regulatory technology cyber securityI’m back and ready for a year that promises to be a blogger’s dream come true. On December 28th, New York’s Department of Financial Services reissued its proposed Cybersecurity Program Requirements which are to be phased in starting in March. Although the amendments are designed to clarify that entities covered by these regulations (a category that […].

Are you asking questions about cyber security?

New York's State of Mind

The Federal Financial Institutions Examination Council (FFIEC), which reflects the combined wisdom of all the financial regulators including the NCUA, released a “statement” yesterday in which it strongly recommended that financial institutions participate in the Financial Services Information Sharing and Analysis Center (FS-ISAC) as part of their efforts to enhance the cyber security of their […]. Advocacy Compliance Legal Watch cyber security

Libor, pot top bankers' fall wish list in Congress

American Banker

Senate Banking Committee LIBOR Cyber security Marijuana banking Tax

How banks can limit the financial impact of cyberattacks

American Banker

Fraud detection Cyber security

Biden urges CEOs to improve U.S. cybersecurity after attacks

American Banker

Cyber security Biden Administration Cyber attacks

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Are You Ready For NY’s Cyber Security Regs?

New York's State of Mind

New York State Regulatory technology cyber security regulationOn the first day back from summer vacation my daughter has an assignment due for her Social Studies class and even though I’ve been asking her about it, I’m pretty sure there is much work that needs to be done. Summer time does not lend itself to working. Similarly, consider this blog just a friendly […].

Cyber Security This Cyber Monday

Strategically Speaking

List of cyber-Monday deals, check. This year, Internet users face sophisticated cyber threats that have been active and evolving for the past year. Author: Marissa Quebbeman, MQuebbeman@jackhenry.com. Holiday gift wish-lists, check. Malware installed while surfing the web to find the best deals…huh? The holiday shopping season usually carries elevated risk – whether shopping at a mall or online.

Why Don’t People Care About Cyber Security?

New York's State of Mind

General cyber security IRSThere are an increasingly large number of examples of America changing from a “Can do” to a “Can’t do” or “won’t do” nation. The latest example is the news that “more than twice as many taxpayer accounts were hit by identity thieves than the agency first reported, with hackers gaining access to as many as 330,000 […].

October is National Cyber Security Awareness MonthAnd it’s not too late to put it to work

Matt Wilcox Pro

I am the first to admit that when it comes names of commemorative months, National Cyber Security Awareness Month isn’t the sexiest. Reducing it to the initialism NCSAM makes it easier to write, but not easier to pronounce—En-see-sam? Nik-sam? Ink-sam?—and and it it doesn’t help in the sexiness department, either. Perhaps that’s why, even though NCSAM has been […]. Digital payments

A Proven Approach for Enhancing Your Cyber Security and Business Continuity Testing

Strategically Speaking

Information Security Cybersecurity Risk/Fraud

JPMorgan Chase warns customers of possible data exposure

American Banker

Cyber security JPMorgan Chase Consumer banking

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Cyberattacks draw tech, bank CEOs to White House for brainstorm

American Banker

Cyber security Biden Administration Cyber attacks

First Horizon discloses data security breach

American Banker

Cyber security Regional banks Data breaches

Morgan Stanley discloses breach of stock-plan customer data

American Banker

Morgan Stanley Cyber security Data breaches

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