Senior security leaders within financial services companies are being challenged with a lack of trusted data to make effective security decisions and reduce their risk from cyber, according to Panaseer’s 2020 Financial Services Security Metrics Report.
When an incident or disaster occurs, security and fraud investigators go to work. They must be able to rely on innovative processes and tools that allow them to swiftly locate and analyze the information needed to determine the proper resolution or action. Credit unions need intuitive solutions that can be leveraged across multiple departments in a moment's notice to be more efficient and effective in today’s challenging environment.
As we enter the new decade, we stand reminded that technological innovation and cybersecurity threats continue to develop and evolve at an incredible pace. Firms must therefore continue to build the proper defenses to protect consumer confidential data and financial market integrity. Cyber threats have become one of the top threats to the financial services sector and the ability of firms to be resilient in the face of these threats is paramount.
New SaltStack research survey, The State of XOps Report, Q2 2020, reveals that organizations using software to help IT and InfoSec teams collaborate and align are three times more confident in the effectiveness of their information security efforts.
On April 21, the Small Business Administration (SBA) revealed that around 8,000 small business loan applicants had their potentially sensitive information exposed in a data leak affecting the website being used to host the online application.
The Association of Certified Financial Crime Specialists (ACFCS) has announced it would focus on bringing new resources, collaboration and training to help the community during the coronavirus pandemic.
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