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A study from AdvisorSmith ranked sectors by their cost of cyber insurance. Organizations in the financial industry reported the highest cyber insurance expenses.

Ralph Buelling will lead data services and strategic information implementation in his Chief Information Officer (CIO) role at UW Credit Union.

John Kreul will oversee the operations and strategy of Jewelers Mutual Group's technology department as the insurance provider's Chief Information Officer.

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.

Pinny Tam brings over 20 years of information security experience to the Chief Information Security Officer (CISO) role at FastTrack.

This insurance giant’s physical security team is focused on being a business enabler for the company. With communication and integration between the business’ physical and cybersecurity sides, the company and its security teams are well-positioned to manage risk and insider threats while maintaining business continuity together.

American financial services company Robinhood has suffered a data breach that affects seven million customers. 

The 2021 Threat Intelligence Report from Nokia detailed this year's security trends, focusing on a rise in malware attacks on mobile banking apps.

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.

The Central Bank of the United Arab Emirates (CBUAE) has added a cybersecurity center to its security strategy. The CBUAE Networking and Cyber Security Operations Centre aims to mitigate cyber risk in the country's financial sector.