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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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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

PYMNTS

29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central government to share and update customer data on a blockchain. The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform.

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Hackers Strike New Zealand's Central Bank

PYMNTS

Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this malicious attack. Orr added: "The system has been secured and taken offline until we have completed our initial investigations.

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4 considerations for banking leaders concerned about cyber security

NCR

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. The Role of the ISO.

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British Parliament Hit By Laser-Focused Cyber Attack

PYMNTS

With this cyber attack coming just one month after a ransomware infiltration into the country’s health service, the House of Commons is working with the National Cyber Security Centre to put together a new cyber security system.

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Louisiana School Cyberattacks Trigger State Of Emergency

PYMNTS

The Sabine Parish School System was hit with an electronic virus early Sunday morning,” reads a statement on the school district’s website, according to CNBC. This virus has disabled some of our technology systems and our central office phone system. Federal law enforcement is helping in the investigation.

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Global Cyber Attack Hits 100k Institutions In 150 Countries

PYMNTS

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 Hospitals shut down in Europe. noted Bloomberg.