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.

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.

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.

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.

How banks can limit the financial impact of cyberattacks

American Banker

Fraud detection 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.

Solving for security as contactless payments grow

Payments Source

Digital payments Cyber security Leaders Technology

Ransomware group attacks a New Jersey bank — then shuts down

American Banker

Ransomware Cyber security Cyber attacks

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

American Banker

Ransomware 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.

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

Payments Source

Bank of America Cyber security Coronavirus

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

Strategically Speaking

Information Security Cybersecurity Risk/Fraud

Bank, airline sites go dark briefly in broad internet outage

American Banker

Risk management Cyber security Cyber attacks

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

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.

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 […].

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

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 […].

The cyber threat looming over virtual currencies

Payments Source

Digital currencies Cyber security Cyber attacks Bitcoin Cryptocurrencies

First Horizon discloses data security breach

American Banker

Cyber security Regional banks Data breaches

October is National Cyber Security Awareness Month And 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

Four themes to get right in 2020: Libor, SFTR, cyber security and market equivalence

Bobsguide

As is traditional this time of year, our good intentions of new year resolutions fade to what we might expect to be dominant themes in 2020, and it has to be said that if certain plans are not yet well advanced you might want to get to it. Libor. In 2018 I wrote about the impending move away

Ransomware Now Ranks As UK’s Top Cybersecurity Danger

PYMNTS

for the majority of individuals and businesses in the region, Lindy Cameron, chief executive of the National Cyber Security Centre ( NCSC ), said in a speech. She called cybersecurity an international concern and is an “issue of mainstream national security policy.”

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

American Banker

Bank of America Cyber security Coronavirus

Cyber security top of mind for auditors

ABA Community Banking

Best companies engage board, have audit plan Risk Management Cyberfraud/ID Theft. 1Risk Management

Growth of QR codes raises need for security awareness

Payments Source

Contactless payments Mobile payments Cyber securityWhenever a technology moves into the payments or financial data ecosystem, it alerts fraudsters to probe it more intensely — and ultimately, figure out a way to use it as an attack vector.

CIOs and cyber security—a growing match

ABA Community Banking

Execs starting to take cyber response more seriously Risk Management Blogs Making Sense of it All Security Cyberfraud/ID Theft. 1Making Sense of it All

NCUA outlines cybersecurity focus for remainder of 2021

American Banker

Credit unions Cyber security NCUA Law and regulation

The cyber threat looming over virtual currencies

American Banker

Digital currencies Cyber security Cyber attacks Bitcoin Cryptocurrencies

One for All and All for Cyber Security

Bobsguide

Cyber security has caught the attention of the board as no board member, CEO or CFO wants to see their company headlined in the news in association with the latest data breach. Unlike just a few years ago, IT security initiatives are increasingly driven from the top down, and it is more than the IT

4 considerations for banking leaders concerned about cyber security

NCR

For example, social engineering through phishing e-mails is one of the main causes of cyber breaches to an organization’s systems. An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. He or she is the bank officer responsible for administering and ensuring the effectiveness of the information security program for the bank. Cyber Incident Response Plan.