Stay secure in the finance sector. Explore the latest in financial cyber security news, trends, and best practices to protect valuable assets and data.
Search across headline titles and summaries.
Background for this topic.
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.
Weekly headline count for the current query.
Newly discovered malware linked to Vietnamese threat actors targets users through a LinkedIn phishing campaign to steal data and admin privileges for financial gain.
Researchers discovered the vulnerability in an API already integrated into many bank systems, which could have defrauded millions of users by giving attackers access to their funds.
Threat actors are impersonating such wildly popular personal-finance apps (which are used more than social media or streaming services) to try to fool people into giving up their credentials.
FinCEN warns financial institutions to beware of unusual cryptocurrency payments or illegal transactions Russia may use to evade restrictions imposed due to its invasion of Ukraine.
The attacks, which lead to 2FA defeat and account takeover, have accelerated by several hundred percent in one year, leading to thousands of drained bank accounts.