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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.
The International Compliance Association (ICA), a professional body for the global regulatory and financial crime compliance community, has partnered with the International Cyber Threat Task Force (ICTTF) to offer a new program in cyber risk management.
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.
A new PwC Chief Financial Officer (CFO) survey shows CFOs are most concerned about the financial impact of coronavirus, most anticipate workforce reductions and half of them are preparing to opt in to government relief programs.
“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.
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.
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.
