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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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Another Group of Hackers Target Swift, According To Symantec

PYMNTS

A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. The group is leveraging similar but distinct tactics from the group that orchestrated an $81 million hack of Bangladesh’s Central Bank earlier this year.

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Bitcoin Daily: ‘DeFi' Becomes Popular Crypto Rebranding Term; G7 Expresses Concern Over Ransomware

PYMNTS

In other news, the G7 warned of the utilization of nefarious cyber-attacks – and ransomware, in particular — according to a Tuesday (Oct. The group said that ransomware incidents against banks, medical centers, educational institutions and other “critical infrastructure” in G7 nations has been increasing in scope, complexity and commonness.

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NCC Group, Ashurst to offer cyber resilience solutions

The Paypers

UK-based cyber security and risk mitigation player NCC Group , has partnered with Ashurst FinTech Legal Labs , the business accelerator programme.

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Things worth reading: 15th March 2017

Chris Skinner

Things we’re reading today include … Identity fraud reached record levels in 2016 Iceland’s recovery shows benefits of letting over-reaching banks go bust Taxpayer stake in Lloyds Banking Group goes below 3pc Bitcoin ETF: quick silver Charlotte Hogg resigns as Bank of England deputy governor The five charts that show how economically (..)

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

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.

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House Financial Services Committee forms AI working group

American Banker

Led by Congressmen French Hill and Stephen F. Lynch, the council will explore how artificial intelligence is influencing the development of new products and services, fraud prevention and other areas across the financial services and housing industries.

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