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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

Those risks were associated with internal processes, behaviors, and systems within institutions which were determined to be contributing factors. While operational risk is not a contributing factor in a pandemic, the COVID-19 pandemic’s impact on financial services’ digitization does correlate with a material rise in cyber risk.

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Indian Gov’t Drafts Plan For National Blockchain Applications

PYMNTS

India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. Dhotre added that the government is drafting an approach paper on the National Level Blockchain Framework. India has been embracing blockchain technology.

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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. Evaluation of Risk.

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

Perficient

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. Risk Management. AI may be used to augment risk management and control practices. Credit Decisions.

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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. Hospitals shut down in Europe. Similarly FedEx Corp., Similarly FedEx Corp.,