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Background for this topic.
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.
South Carolina federal prosecutors announced that two Venezuelan nationals convicted of stealing hundreds of thousands of dollars from U.S. banks in an ATM jackpotting scheme will be deported after serving their sentences. [...]
CISOs Grapple With AI Blind Spots, Excessive Permissions and Governance IssuesMachine identities continue to multiply as organizations push automation, cloud services and AI-driven initiatives deeper into core operations. This rapid growth creates new vulnerabilities, especially when non-human identities lack governance or are completely invisible to security teams.
Mind the cyber gap – similar flaws highlighted multiple years in a row Concerned about the orgs that safeguard your money? The UK's annual cybersecurity review for 2025 suggests you should be. Despite years of regulation, financial organizations continue to miss basic cybersecurity safeguards.…
Bank staff wore the blame for a silly security slip Who, Me? Welcome to another edition of “Who Me?”, The Register’s Monday column that shares your mistakes and celebrates your escapes.…