Articles Tagged with ''financial sector''

78% of fintech leaders report concern over compliance training

October 25, 2023

The current risks within the financial technology (fintech) sector and new compliance regulations were analyzed in a recent report by Fenergo.

yellow corded phone on yellow background

6% of financial firms are confident in communications compliance

Security Staff

October 18, 2023

According to a report, 74% of respondents say it’s likely their employees are using unmonitored communications channels, up from 66% in 2022.

blue street sign that says personal banking

18% of African banking apps have vulnerable high severity secrets

Security Staff

October 13, 2023

The security of African financial service applications were analyzed in a recent report by Approov, finding sensitive data was left vulnerable.

185% increase in high-risk vulnerabilities within financial sector

January 18, 2022

Financial services companies experienced a 185% increase in high-risk critical vulnerabilities.

Audit dread has increased from 78% in 2020 to 95% in 2021

December 8, 2021

How are financial services faring with the ever-increasing challenge of audit overload? A new Telos study explores the challenges financial institutions experience when working on audits.

Lessons learned from COVID-19: How cybercriminals took advantage of financial institutions

Bala Kumar

November 5, 2021

Financial institutions accelerated the implementation of online services during the pandemic, aiming to simplify customers’ access to their bank accounts. Unfortunately, they also simplified cybercriminals’ attack vectors. Financial institutions can employ a series of cybersecurity tools to mitigate the increased risk of cyber fraud.

Eight financial services fined over BEC data breaches

September 7, 2021

The Securities and Exchange Commission (SEC) has sanctioned eight financial services firms for cybersecurity failures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each firm.

Initial access brokers have become a key figure in the RaaS business model

August 5, 2021

A new Digital Shadows report reveals Initial Access Brokers (IABs) have consolidated their role in the cybercriminal landscape and have now become a central figure in the Ransomware-as-a-Service business model.

Average company faces 1000+ spoofed domain threats per year

July 13, 2021

Digital Shadows published new research revealing that in the last four months, each of its clients experienced on average 360 domains impersonating their company and brand name – nearly 1,100 per year, on average.

Financial services experienced 125% surge in exposure to mobile phishing attacks in 2020

May 6, 2021

Lookout, Inc. released a report showing that mobile phishing exposure doubled among financial services and insurance organizations between 2019 and 2020. The Lookout Financial Services Threat Report illustrates that these organizations were not immune to mobile phishing despite an increased adoption of mobile device management (MDM).

ON DEMAND: Business-impacting events such as severe weather, man-made disasters, and supply chain disruption are increasing in frequency and making impacts around the globe.

In today's rapidly evolving security landscape, organizations face an ever-growing array of disruptive events, security threats and risks. Traditional reactive approaches to security intelligence often leave businesses vulnerable and ill-prepared to anticipate and mitigate emerging threats that could impact the safety of their people, facilities or operations.