financial services

Rising to the challenge of new data security standards

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Rising to the challenge of new data security standards

With the rate of security vulnerabilities doubling every seven years and coming off one of the largest known infrastructure attacks (Salt Typhoon), modern security at speed and cost is non-negotiable for securing financial transactions. To ensure the safety of cardholder environments, financial institutions must understand the guidance on modern technologies and applicable controls. Late last year, the Payment Card Industry Standards Security Council (PCI SSC) published an information supplement that can help companies and auditors…

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Navigating DORA: Is Your Financial Institution Ready?

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Navigating DORA: Is Your Financial Institution Ready?

The Digital Operational Resilience Act (DORA), in effect since January 17, 2025, marks a major evolution in EU financial regulation. It tackles operational resilience, especially concerning Information and Communication Technology (ICT) risks. DORA acknowledges the financial sector’s significant reliance on third-party ICT providers and establishes rules for managing these relationships. Financial firms depend on ICT services for key tasks, making these providers vital for DORA compliance. The firm’s efforts to align with DORA’s guidelines for…

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Phishing tax scams increase as tax deadlines approach

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Phishing tax scams increase as tax deadlines approach

Research from Proofpoint shows an increase in malicious domains and campaigns impersonating tax agencies and financial institutions, correlating with a recurring increase in tax-related activity from December through April. The research observed phishing scams in both the United Kingdom and the United States.  In the U.K., multiple tax phishing campaigns mimicked emails from HM Revenue & Customs (HMRC) and contained URLS that would lead a target to a credential-harvesting, actor-controlled websites.  In the U.S., malicious…

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Application security and risk management in financial organizations

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Application security and risk management in financial organizations

Financial services companies (finservs) are under pressure to deliver secure software faster like never before. Customer expectations are at an all-time high and consumers are hungry for new capabilities and experiences. In many cases, startups are outpacing large financial institutions in this area due to their ability to innovate rapidly using cutting-edge technologies. Additionally, the challenge of keeping up with security and compliance is intensifying. The regulatory landscape is ever-evolving, with new requirements popping up…

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Fidelity Data Breach Exposes Data From 77,099 Customers

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Fidelity Data Breach Exposes Data From 77,099 Customers

In August, a threat actor compromised the data of 77,099 Fidelity Investments customers in Maine, the financial firm said in a breach notification letter to thousands of customers on Oct. 9. The attacker didn’t access funds in Fidelity investment accounts. However, the hacker obtained personal information — including Social Security numbers and driver’s licenses — and created two new customer accounts. In response, Fidelity shut down the attacker’s access and offered affected customers a credit…

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Is your financial data safe this tax season?

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Is your financial data safe this tax season?

Tax season is always a stressful time, and with the IRS tax deadline just around the corner, many individuals and businesses are rushing to get their returns filed in time. In this scramble, it’s easy to overlook the plethora of serious privacy and security concerns surrounding the sensitive financial data entrusted to tax preparation companies.  There are few documents more personal and sensitive than a tax return, which is why you shouldn’t trust just any…

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5 minutes with Nick McKenzie – The state of cybersecurity in financial services

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5 minutes with Nick McKenzie – The state of cybersecurity in financial services

5 minutes with Nick McKenzie – The state of cybersecurity in financial services | 2021-08-23 | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie…

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Ground truth in the financial threat landscape

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Ground truth in the financial threat landscape

Ground truth in the financial threat landscape | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses…

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5 minutes with Omri Kletter – COVID-19, cybersecurity, crime, and fraud management

Posted on by Asad Yaseen
5 minutes with Omri Kletter – COVID-19, cybersecurity, crime, and fraud management

5 minutes with Omri Kletter – COVID-19, cybersecurity, crime, and fraud management | 2020-11-17 | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy…

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