BBVA Compass has named Brian Fricke as its Chief Information Security Officer (CISO), where he will oversee the bank's Information Security and Engineering Risk functions.
Drug use by the U.S. workforce increased each year -- and by double-digits over two years -- between 2015 and 2017, in five of 16 major U.S. industry sectors analyzed.
“The most difficult part of the job is prioritizing given the number of incidents that could occur,” says Gordon MacDonald, Senior Director, Corporate Security for Wells Fargo.
Sixty-one percent of merchants believe they’re at greater risk of a data breach than a year ago, while 22 percent of merchants have experienced data theft in the last year alone.
With the rise in cyberattacks at the forefront of the news on a near daily basis, it's becoming increasingly clear that the role of risk management and security must be elevated throughout the financial services and banking markets. Physical and IT security leaders are shifting toward a more proactive approach to security than in years' past to address and mitigate the latest emerging trend.
By using a malware attack on the bank’s ATM server, hackers stole customer information and withdrew 805 million rupees in 14,849 transactions in just over two hours on August 11, mostly overseas.
When it comes to addressing global fraud and security in the financial sector, it takes a network to defeat a network.
August 8, 2018
With so many government agencies and departments involved in security operations abroad (such as eliminating key targets or searching for specific terrorists), the essential flow of information was so slow and clunky that only three operations could be coordinated each month.
Cybercriminals are leveraging ransomware threats to extort big money from organizations of all sizes in every industry, but financial services organizations are one of today’s primary targets. It is non-negotiable for financial services companies to maintain the privacy of theirs customers and the security of their confidential data. If a bank or credit union is hit with a ransomware attack, significant backlash is undoubtedly going to ensue – especially if customer data is held ransom for a significant amount of time.