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

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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. The greatest threat to our markets right now is the cyber threat,” said Peikin in the exclusive interview.

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DataVisor Launches Partner Program To Help Fraud-Proof Larger Businesses

PYMNTS

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

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KPMG: How AI Defense Can Counter Faster Payments Fraud

PYMNTS

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. The antidote?

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Three success factors in security operations

Insights on Business

The expansion of channels expands the threat of money laundering, fraud, and hacks — as well as regulatory requirements for necessary protections. Artificial Intelligence is now being used by cyber criminals , meaning the sophistication of their methods is increasing, forcing banks to up their game. Efficiency.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

Cyber insurance is a rapidly growing area of specialty coverage for carriers. The Cyber Insurance Market Report, published by Allied Market Research, forecasts that the global market for cyber risk coverage is expected to garner $14 billion by 2022, registering a CAGR of nearly 28% during the period 2016-2022.

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State-Backed Hackers Playing On COVID-19 Fears, US And UK Warn

PYMNTS

The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. Amazon has had to scramble to get rid of numerous fake or counterfeit products related to the virus, including some things marketed as cures. As the coronavirus pandemic continues to roil the U.S. and the U.K.,