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Latest coverage for Finance

Stay secure in the finance sector. Explore the latest in financial cyber security news, trends, and best practices to protect valuable assets and data.

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Finance covers the institutions, markets, and services that move, store, lend, invest, and insure money. Its distinctive assets include customer identities, account balances, payment instructions, trading positions, claims, and confidential business data. Operations depend on core banking and ledger systems, payment networks, market-data feeds, identity services, and external processors or cloud providers. Integrity and availability are especially important: an unauthorized change to beneficiary or settlement data can cause direct loss, while an outage can interrupt payments or trading and complicate time-sensitive reconciliation.

Security work therefore focuses on online banking and trading interfaces, APIs, privileged access, credentials, and third-party connections. Useful controls include phishing-resistant multi-factor authentication, least privilege, transaction signing or approval separation, encryption, tamper-evident logging, and anomaly monitoring. Privacy protections apply to personal and financial information; PCI DSS is relevant where payment-card data is handled, alongside jurisdiction-specific financial rules. Vulnerability management should prioritize internet-facing and legacy systems, while incident response needs capabilities to contain fraudulent transactions, preserve evidence, reconcile ledgers, and restore trusted service through tested backups or failover.

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Bank Info Security 1 year, 3 months ago

Compliance Needs Financial Metrics, Not Just Dashboards

Elliott of Zurich Insurance on Why Business Leaders Need Quantifiable Cyber RisksMany compliance programs rely on vague risk scores and dashboards. These don't always help business leaders make decisions. Dan Elliott, head of cyber resiliency, Zurich Resilience Solutions, ANZ, at Zurich Insurance, said organizations should frame compliance through financial metrics.

Gartner's Pete Redshaw on Why the CISO or CRO Should Take the LeadCybersecurity, IAM, fraud and compliance will converge across financial institutions in the next five to six years. This transformation will follow a phased path, beginning with data integration, followed by tool alignment and eventually team restructuring.

Breach Affects Pediatric, Orthodontic and Dental Surgery Practices in 6 StatesA Nashville, Tennessee firm that provides HR and finance services to dozens of specialty dental practices across six states is notifying more than 173,400 people of a 2024 email hacking incident affecting children and other patients. The company already faces several lawsuits related to the breach.