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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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Today’s Cyber Risk Management

Cisco

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

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GuardKnox Secures $21M To Boost Cybersecurity For Connected Cars

PYMNTS

This latest round was led by Fraser McCombs Capital with participation from global investors including automotive technology leader Faurecia, SAIC Capital (Shanghai Automotive), Glory Ventures, NextLeap Ventures, VectoIQ, Plug and Play, Allied, Cyphertech and Kardan LTD.

Security 148
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Disruptive technology will not kill banks

Jeff For Banks

But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Was Vanguard a disruptor? Was ING Direct a disruptor?

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One City Plans To Run Entirely On Blockchain

PYMNTS

As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. This week, news from Citigroup, UPS and Vanguard signal interest in using the distributed ledger technology in the back office.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. 20 percent of Business Email Compromise scams request payroll diversions new data from the Anti-Phishing Working Group (APWG) revealed in a report published last week.

Data 202
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Hacker chutzpah: Ransomware group says it reported victim to SEC

American Banker

The cybercriminals said a new SEC rule required loan software company MeridianLink to report last week's breach, but the rule does not take effect until next month.

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