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Latest coverage for Banking

Stay secure with the latest updates on banking cybersecurity trends, threats, and solutions in the finance industry. Protect your assets and data now.

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Banking encompasses the digital systems and networks that manage financial transactions, customer accounts, credit issuance, and investment services. These systems handle sensitive data such as account numbers, transaction histories, and personal identification details, relying on interconnected payment gateways and APIs that require continuous availability and data integrity to function correctly.

Security concerns focus on preventing unauthorized access to online banking portals, protecting transaction processing from manipulation, and safeguarding sensitive data from insider threats. Effective defenses include multi-factor authentication, encryption of data both in transit and at rest, and real-time monitoring of transactions to detect anomalies. Maintaining strict access controls and promptly addressing software vulnerabilities are critical to preserving trust and operational stability in banking environments.

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Bank Info Security 1 year, 6 months ago

A Day Before DORA Deadline, Only 20% of FIs Are Ready

Experts Share Advice on Assessing Vendors, Next Steps for Non-Compliant CompaniesThe European Union's most comprehensive digital and cyber risk regulations for the banking industry are set to come into force on Jan. 17, but only about 20% of EU financial services firms are ready to comply. Experts discuss implementation challenges and offer advice for non-compliant FIs.