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Home » Topics » Sectors » Banking/Finance/Insurance

Banking/Finance/Insurance
Banking/Finance/Insurance RSS Feed RSS

SEC0820-Data-Feat-slide1_900px.jpg

Using chip technology to make data sharing safer in financial services

michael reed
Michael Reed
October 21, 2020
Financial services institutions and banks around the globe face monumental challenges as they look to streamline service delivery for customer transactions, manage multi-party loan processes, collaborate on industry benchmarks and indices, and eliminate fraud and cybercrime. Historically the market has primarily relied upon manual approaches for sharing and managing transaction data. But advances in confidential computing (sometimes called CC or trusted computing), combined with federated machine learning (FML), are helping financial organizations better share data and outcomes, while alleviating many privacy and security concerns.
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Three tips for bolstering mental health to defend against burnout among security professionals

Bolstering mental health to defend against burnout among security professionals

Peter Jackson
October 20, 2020

Companies need to tangibly improve employee well-being, particularly when it comes to their security professionals. Here are three measures security leaders can incorporate into their organization now, before employees hit a breaking point.


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finance

Compliance activities and fines cost organizations nearly $4m per year

October 15, 2020
 Telos Corporation, provider of cyber, cloud and enterprise security solutions, unveiled new findings from a survey conducted by independent research firm Vanson Bourne that highlights organizations’ ongoing struggle to keep up with IT security and privacy compliance regulations.
Read More
finance

Fraud continues to grow for financial services and lending firms, both before and during the pandemic

October 14, 2020

LexisNexis Risk Solutions released its LexisNexis Risk Solutions 2020 True Cost of Fraud Study: Financial Services & Lending for the United States and Canadian financial services and lending sectors.


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financial security for banks

Mitigating digital banking security issues during the pandemic

Ben Hartwig
September 25, 2020

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.


Read More
password cyber

New cybersecurity threat - Credential stuffing

Amy Lynch
Amy Lynch
September 25, 2020
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) recently issued a Risk Alert (the “Alert”) discussing cybersecurity observations from its examinations over time. The Alert did not state the time period of examinations included; however, OCIE has conducted several cybersecurity targeted exams over recent years.
Read More
Most people don't consider cybersecurity as a career field

New research indicates positive perceptions about cybersecurity professionals

September 23, 2020

The 2020 Cybersecurity Perception Study finds most people still don’t view cybersecurity as a career field for themselves, even as nearly one-third (29%) of respondents say they are considering a career change.


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comm bank

Balancing customer relationships and security

Case study
matt tengwall
Matt Tengwall
September 18, 2020
To meet modern day challenges and address the evolving retail bank landscape, Origin Bank embraces innovative technology and solutions that boost efficiencies, reduce fraud and enhance service. The organization considers the protection of its clients’ assets to be paramount and strives to deliver a safe banking experience.
Read More
financial- enews

Five cybersecurity trends from 2020 – And what the future holds

Julien Bonnay
Julien Bonnay
September 17, 2020
The need for cybersecurity in the financial services industry has never been greater. Financial Institutions (FIs) have been and will continue to be the subject of cyberattacks by adversaries of all varieties. The old adage “why do you rob banks....because that’s where the money is” holds in this domain as well. In 2019, 86 percent of breaches were financially motivated, and the records exposed in all breaches increased by 284 percent. And if that’s not enough for FIs to worry about, consider that the average cost of a breach as disclosed by public firms in 2019 was $116 million. Given the magnitude of this issue, these are the top trends seen in cybersecurity this year.
Read More
consumers using california consumer privacy protection act right away

Research shows how consumers are using the California Consumer Privacy Act

September 15, 2020

New research from DataGrail this morning that uncovers how people are using the California Consumer Privacy Act since it went into effect in January 2020 and the data shows people want control of their data and are taking action to restrict the sale of their personal information.


Read More
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