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Home » Topics » Sectors » Banking/Finance/Insurance

Banking/Finance/Insurance
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cybersecurity breach

The Top 12 Data Breaches of 2019

Maria Henriquez
December 5, 2019
Just in 2018, there were 500 million personal records stolen. How many records will be stolen by year’s end? According to the RiskBased Data Breach QuickView Report 2019 Q3, at the end of September, there were 5,183 breaches, exposing 7.9 billion records. Compared to the 2018 Q3 report, the total number of breaches was up 33.3 percent and the total number of records exposed more than doubled, up 112 percent.
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Malware

CISA Informs the Financial Sector on Dridex Malware

December 5, 2019
The Cybersecurity and Infrastructure Security Agency (CISA) recently published an alert on the Dridex malware, as the result of recent collaboration between the Department of the Treasury Financial Sector Cyber Information Group (CIG) and the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to identify and share information with the financial services sector.
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Study Shows Hours When Security Officers are Most Often Attacked

November 11, 2019

Using statistics from news reports, law enforcement incident reports, private agency injury reports, US workplace violence data and our own in-house database curated and analyzed during the past sixteen years, Private Officer National has mapped out the hours and days that an officer is most likely to be harmed.


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Christel Kennedy

Christel Kennedy Named Head of Business Continuity and Resiliency at Wells Fargo

November 6, 2019

Wells Fargo & Company announced that Christel Kennedy has been named head of Business Continuity and Resiliency.


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Merchants Spend $3.13 for Every Dollar of Fraud

October 1, 2019

A dollar of retail fraud now costs merchants about $3.13 to deal with on average, according to data from LexisNexis Risk Solutions.


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Zurich Appoints Peter Giger as Group Chief Risk Officer

September 23, 2019

Zurich Insurance Group announced that Peter Giger will join the Group on October 1, 2019, as Group Chief Risk Officer and a member of Zurich’s Executive Committee.


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cyber-person

The Financial Sector Can Lead the Charge in Deception Security

doron kolton
Doron Kolton
September 18, 2019

This summer, more than one million Capital One clients had their information breached, furthering the financial sector’s infamous reputation of being the most breached industry with 35 percent of all data breaches. 


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cyber5-900px.jpg

Chicago Brokerage to Pay $1.5 Million Fine for Lack of Cybersecurity

September 16, 2019

A Chicago-based futures brokerage will pay $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million from a customer’s account.


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Paul D. Fabara Named Chief Risk Officer at Visa

August 22, 2019

Visa Inc. announced that Paul D. Fabara will join Visa as Chief Risk Officer, effective Sept. 3.


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data breach

Hacker Responsible for Capital One Data Breach Hacked More Than 30 Companies

August 16, 2019

Further investigation on Paige A. Thompson, the hacker accused of causing the Capital One data breach, has determined that Capital One wasn’t her only victim. She appears to have stolen sensitive data from more than 30 other companies.


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