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.
"Nexus" is the latest in a vast and growing array of Trojans targeting mobile banking and cryptocurrency applications.
An emerging Android banking trojan dubbed Nexus has already been adopted by several threat actors to target 450 financial applications and conduct fraud
In 2022 alone, global cyberattacks increased by 38%, resulting in substantial business loss, including financial and reputational damage. Meanwhile, corporate security budgets have risen significantly because of the growing sophistication of attacks and the number of cybersecurity solutions introduced into the market. With this rise in threats, budgets, and solutions, how prepared are industries
Latitude blames a 'major vendor' for its woes. Is that a vendor? A cloud? Whoever they are, they're in trouble Latitude Financial has blamed a supplier for leaking creds that caused vast PII leak Australian outfit Latitude Financial has taken itself offline, and even stopped serving customers, while it tries to clean up an attack on its systems.…