Cyber Security, Fraud, Groups and National

The cyber security threat landscape in financial services

Insights on Business

FEBRUARY 13, 2019

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. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

Cyber Security

Cyber Security Security Exercises social media

Leader Of Russian Cybercrime Ring Pleads Guilty

PYMNTS

JUNE 29, 2020

Using the slogan, “In Fraud We Trust,” the group directed traffic and potential purchasers to sites of its members, which served as online conduits to traffic in stolen identification, financial and banking information, malware and other illicit goods, according to the complaint. In April, a joint study by the U.S.

Nevada

Nevada Cyber Security Study Security

Four Steps for Managing Third-Party Cyber Security Risk

FICO

JULY 31, 2019

On the basis of the categorization, tools like the FICO® Cyber Risk Score can be used to group organizations into portfolios where cyber risk and vendor impact/criticality can be considered together. How is the supplier insured? Step Two: Develop workflow to address the intersection of risk and criticality.

Cyber Security

Cyber Security Management Security Risk Management

Webinars

Live Demo: How to Achieve Reconciliation Zen

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UK Banks Halt Foreign Currency Service Due To Travelex Attack

PYMNTS

JANUARY 9, 2020

Travelex, owned by the Abu Dhabi-based financial services group Finablr , serves over 70 markets. The National Cyber Security Centre said it was providing technical support. Some criminal groups have links to Syria and Iran, according to research by McAfee.

Cyber Security

Cyber Security Groups System Data

Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. fraud detection and financial crime monitoring). Office of the Comptroller of the Currency (OCC).

Regulation

Regulation Industry Risk Management Analysis

Global Cyber Attack Hits 100k Institutions In 150 Countries

PYMNTS

MAY 15, 2017

As has been widely reported, a massive attack hit everything from the United Kingdom’s National Health Service, European automakers and Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries into Saturday. Action Fraud, the U.K.’s Similarly FedEx Corp., Hospitals in the U.K.

Cyber Security

Cyber Security National Security System

North Korea Likely Behind Ransomware Attacks, According To Symantec

PYMNTS

MAY 23, 2017

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group.

Cyber Security

Cyber Security Groups Security Bitcoin

Fidelity customers get few answers on cyberattack

American Banker

NOVEMBER 29, 2023

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

National

National Groups Data Company

Prepaid’s Summer Of Uncertainty

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. “It frankly insults the intelligence of this group of consumers.

Cards

Cards Millennials Regulation Cyber Security

From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web

NCR

MAY 3, 2016

For those in the banking industry fighting on the front lines of the escalating cyber war, this isn’t news. But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. The Turning Point.

Policies

Policies Security ATM System

Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5

Exercises

Exercises Resources Industry Cyber Security

The 2015 GonzoBanker Awards

Gonzobanker

DECEMBER 22, 2015

We don’t know what Los Alamos National Bank’s marketing department was drinking when it designed the customized water bottle labels, but we’re giving them big points for creativity. FFIEC’s Cyber Security Self-Assessment Tool. Click to enlarge. ‘It It Must Be Something in the Water’ Award. Thank You Sir, May I Have Another?’

Community Bank

Community Bank Apple Community Technology

FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

OCTOBER 3, 2016

Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Extended its app-security protection to Apple TV. Acquired by Groupe BPCE. Combined its Mobile Verify solution with anti-fraud technology from IdentityMind Global. Launched initial public offering.

San Francisco

San Francisco Taxes Lending Colorado

Singapore Minister Says Breach May Have Been State-Linked

PYMNTS

AUGUST 6, 2018

According to a report in Associated Press citing comments made in Parliament, the cabinet minister said the cyberattack on SingHealth records was the work of an “advanced persistent threat” group. Those groups who conduct carefully planned cyberattacks to steal information or disrupt operations are usually state-linked, the minister said.

Cyber Security

Cyber Security United States Groups National

Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

JANUARY 5, 2023

CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections. Several groups have also called for comprehensive industry regulation. 5 Ways Digital Payments Will Change FIs and Fraud in 2023.

Policies

Policies Company Regulation Risk Management

Community Banking Brief

The cyber security threat landscape in financial services

Leader Of Russian Cybercrime Ring Pleads Guilty

Webinars

Trending Sources

Four Steps for Managing Third-Party Cyber Security Risk

Webinars

UK Banks Halt Foreign Currency Service Due To Travelex Attack

Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Global Cyber Attack Hits 100k Institutions In 150 Countries

North Korea Likely Behind Ransomware Attacks, According To Symantec

Fidelity customers get few answers on cyberattack

Prepaid’s Summer Of Uncertainty

From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web

Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One

The 2015 GonzoBanker Awards

FinDEVr Silicon Valley: Looking Back, Moving Forward

Singapore Minister Says Breach May Have Been State-Linked

Four 2023 U.S. Policy Predictions for Financial Services Companies

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