French Bank Denies Access to Russian Workforce
BNP Paribas rescinds access privileges for its Russia-based workers over cyber-attack fears
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.
BNP Paribas rescinds access privileges for its Russia-based workers over cyber-attack fears
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.
Study finds most consumers prefer to bank online, but are concerned about potential fraud
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) warned U.S. financial institutions this week to keep an eye out for attempts to evade sanctions and US-imposed restrictions following Russia's invasion of Ukraine. [...]
Victims include energy, financial services, government, and IT bodies The Ragnar Locker ransomware gang has so far infected at least 52 critical infrastructure organizations in America across sectors including manufacturing, energy, financial services, government, and information technology, according to an FBI alert this week.…
AutoWarp security hole wasn't exploited – tho researchers saw a way in to a bank and a telco Microsoft has acknowledged the existence of a flaw in its Azure cloud computing service that allowed users full access to other users' accounts.…