article thumbnail

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.

article thumbnail

DHS Says SEC Computers Have Five Critical Cyber Security Weaknesses

PYMNTS

Department of Homeland Security (DHS), the news service reported the DHS had identified five “critical” cyber security weaknesses on the SEC’s computing systems as of the end of January. It’s not clear which weaknesses the DHS found on the SEC computer systems, Reuters noted.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Systems operations and availability concerns. Customer data privacy.

article thumbnail

Big data analytics and cybersecurity take center-stage in payments systems

Accenture

Sibos 2015 in Singapore brought them into sharp focus – specifically: Big Data Analytics, Cyber-security, Bank & FinTech Hubs, Cryptocurrencies/Blockchain Technology, Trade Finance and APIs. Some big themes dominate Payments today, and each is likely to endure for many years. Read more.

Big Data 154
article thumbnail

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.

article thumbnail

4 considerations for banking leaders concerned about cyber security

NCR

For example, social engineering through phishing e-mails is one of the main causes of cyber breaches to an organization’s systems. Evaluation of risk also includes understanding potential exposure around the cybersecurity policies and systems of all vendors and third-party partners. The Role of the ISO.

article thumbnail

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.