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Wanna know a secret? Whether you're logging into your bank, health insurance, or even your email, most services today do not live by passwords alone. Now commonplace, multifactor authentication (MFA) requires users to enter a second or third proof of identity. However, not all forms of MFA are created equal, and the one-time passwords orgs send to your phone have holes so big you could drive a truck through them.…

Bank Info Security 1 year, 7 months ago

CyberEdBoard Profiles in Leadership: David Anderson

Woodruff Sawyer's David Anderson on Cyber Insurance, Client Relationships and TrustDavid Anderson's career began in banking and followed a path to the rapidly changing world of cyber insurance. Anderson, vice president of cyber liability at Woodruff Sawyer, shares how he built a practice rooted in transparency, trust and client education.

InfoSys McCamish Systems Earlier Alerted 57,000 Bank of America Clients of BreachInfosys McCamish Systems, an insurance software product and services vendor, is notifying nearly 6.1 million people of a 2023 ransomware incident that potentially comprised their sensitive data, including Social Security numbers, medical treatment, and financial and biometric information.

Insurance giant blames Infosys, LockBit claims credit Criminals have probably stolen nearly 30,000 Fidelity Investments Life Insurance customers' personal and financial information — including bank account and routing numbers, credit card numbers and security or access codes — after breaking into Infosys' IT systems in the fall.…

Insurance giant blames Infosys, LockBit claims credit Criminals have probably stolen nearly 30,000 Fidelity Investments Life Insurance customers' personal and financial information — including bank account and routing numbers, credit card numbers and security or access codes — after breaking into Infosys' IT systems in the fall.…

Bank Info Security 2 years, 5 months ago

Hack at Software Services Firm Affects 57,000 BoA Customers

InfoSys McCamish Says Incident Involved BoA's Deferred Compensation Plan CustomersBank of America is notifying more than 57,000 customers that their information, including Social Security numbers, was potentially compromised in a hacking incident last November at Atlanta, Georgia-based insurance software firm InfoSys McCamish. BoA says none of its systems were affected.

The financial services industry has always been at the forefront of technology adoption, but the 2020 pandemic accelerated the widespread of mobile banking apps, chat-based customer service, and other digital tools. Adobe's 2022 FIS Trends Report, for instance, found that more than half of the financial services and insurance firms surveyed experienced a notable increase in digital/mobile