Trusted Computing Group (TCG) announced its commitment to strengthening the financial services industry against attack, as worldwide banking institution, Goldman Sachs, joins TCG in the fight for cybersecurity.
The Reserve Bank of New Zealand (RBNZ) was hit by a cyber breach of one of its data systems, though it says the breach has been contained and main operations are secure.
Digital banking provides faster processing of financial transactions, more convenience, and a model that allows for the continuation of a financial industry even in the face of a pandemic. However, digital banking makes banks vulnerable to cyberattacks. Banks are now facing fresh security challenges that were brought on or affected by COVID-19. Here is what you need to know about them and how to protect yourself.
On April 21, the Small Business Administration (SBA) revealed that around 8,000 small business loan applicants had their potentially sensitive information exposed in a data leak affecting the website being used to host the online application.
OneAmerica® named José Martínez as senior vice president and chief information officer (CIO) for the Indianapolis-based insurance and financial services company.
October marks Cybersecurity Awareness month, and with seventy percent of financial companies having suffered a cybersecurity incident in the past 12 months, it’s crucial for firms to not only know their biggest cyber risks but how to prevent them.
BetterCloud released its first insider threats report: “State of Insider Threats in the Digital Workplace 2019.” The report found that 91 percent of IT and security professionals surveyed feel vulnerable to insider threats, and 75 percent believe the biggest risks lie in cloud applications like popular file storage and email solutions such as Google Drive, Gmail, Dropbox and more.
Nearly 72 percent of U.S. federal actions involving employee theft in 2014 involved small businesses – organizations with fewer than 500 employees, according to the 2015 Hiscox Embezzlement Watchlist. Within that group, four of every five victim organizations had fewer than 100 employees, and more than half had fewer than 25 employees.
