Jason Witty has been named the new Senior Vice President and Chief Security Officer (CSO) at USAA, a financial services provider for military families.
Cybersecurity leader Simon Scully brings his security monitoring and vulnerability management experience to his Vice President and Chief Information Security Officer roles at Venerable.
A study from AdvisorSmith ranked sectors by their cost of cyber insurance. Organizations in the financial industry reported the highest cyber insurance expenses.
Financial institutions must protect themselves from salami attacks, which consist of a sequence of small, fraudulent transactions that can easily bypass detection but, combined, can result in considerable losses.
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.
Shirin Hamid, an experienced cybersecurity and IT professional, is expected to begin as the CIO and Director of the IT Department at the International Monetary Fund (IMF) in January 2022.
Sukumar Reddy Saddi has been named Global Integrity Finance's Chief Technology Officer. Saddi will lead the company's end-to-end information technology strategy and development of financial applications.
