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.
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.
October marks Cybersecurity Awareness month, and with seventy percent of financial companies having suffered a cybersecurity incident in the past 12 months, it’s crucial for firms to not only know their biggest cyber risks but how to prevent them.
BetterCloud released its first insider threats report: “State of Insider Threats in the Digital Workplace 2019.” The report found that 91 percent of IT and security professionals surveyed feel vulnerable to insider threats, and 75 percent believe the biggest risks lie in cloud applications like popular file storage and email solutions such as Google Drive, Gmail, Dropbox and more.
Nearly 72 percent of U.S. federal actions involving employee theft in 2014 involved small businesses – organizations with fewer than 500 employees, according to the 2015 Hiscox Embezzlement Watchlist. Within that group, four of every five victim organizations had fewer than 100 employees, and more than half had fewer than 25 employees.
Four areas of security concern surveyed: national, personal, Internet and financial.
May 22, 2013
According to new research conducted by Unisys Corporation, security concern among Americans has declined for the second consecutive year to its lowest level since the company began tracking global security concerns in 2007.
Sorry, but Willie Sutton never did say that he robbed banks because “that was where the money was.” But, after his last stay in prison, he did do television commercials for Connecticut’s New Britain Bank & Trust Co. to hawk the company’s new MasterCard.
This month in Security magazine, we explore how Corning's global security group ensured business continuity and employee safety during the global COVID-19 pandemic. Also, we highlight the global security team at Uber and their recent security programs and initiatives. Industry experts discuss travel safety programs, career hackers, working for terrible bosses, group attribution error and more.