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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 2 years, 2 months ago

State AGs, Industry Groups Urge Action in Change Health Saga

Calls for More Aid to Providers Come as Parent Company UHG Grapples With BreachTwenty-two state attorneys general and some industry groups are urging Change Healthcare's parent company and regulators to be transparent and give more financial aid to providers as the firm recovers from a highly disruptive cyberattack and the industry braces for massive breach notifications.

Bank Info Security 2 years, 2 months ago

Cryptohack Roundup: Samourai Mixer Takedown

Also: $45M Hedgey Hack, El Salvador's Compromised Wallet, OneCoin CaseThis week, Samourai Wallet co-founder was arrested, a $45M hack hit Hedgey Finance, El Salvador wallet data leaked, another was charged in the OneCoin case, the SEC wants to fine Terraform Labs, prosecutors want a three-year prison term for CZ, and Thailand cracked down on unauthorized operators.