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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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CEO Anand Eswaran Talks Investors, Innovation and Data Resilience LeadershipCEO Anand Eswaran explains how Veeam's $2 billion secondary offering strengthens its financial position as the data resilience vendor prepares for an initial public offering. He discusses the company’s commitment to innovation and strategic pacts with Splunk, CrowdStrike and Palo Alto Networks.

Authored by: Matt Kunkel, CEO, LogicGateThe Consumer Financial Protection Bureau (CFPB) recently finalized a set of rules that would bring a similar level of convenience to the financial world. These changes to Section 1033 of the Dodd-Frank Act make it significantly easier for customers to retain access to their financial history no matter which bank they transact with. For banks, that means it’s critical to ensure that the right data is being collected, and that it can be easily integrated with external systems.