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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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.
Just 35.5M names, addresses, emails, phone numbers … no biggie Clothing and footwear giant VF Corporation is letting 35.5 million of its customers know they may find themselves victims of identity theft following last year's security breach.…
Proofpoint Researchers Say Beware of Phishing Emails, Embedded Links in PDFsIran-aligned threat actor TA450, also called MuddyWater, is using fake salary, compensation and financial incentive emails to trick Israeli employees at multi-national organizations into clicking malicious links, according to researchers at security firm Proofpoint.
Also, Senate Bill Proposes Payment Relief for Firms Meeting Cyber 'Standards'A nursing home operator is seeking bankruptcy protection, citing the effects of a ransomware attack last fall and fallout from the recent Change Healthcare outage as factors that contributed to its financial woes. Also, a Senate bill aims to address cash flows for some health firms hit by an attack.
Panelists Make Case for Explainability, Trust in Areas Such as Healthcare, BankingIn the latest "Proof of Concept," panelists Sam Curry of Zscaler and Heather West of Venable LLP discuss the crucial role of explainability and transparency in artificial intelligence, especially in areas such as healthcare and finance, where AI decisions can significantly affect people's lives.
Latest figures paint grim picture of how viciously the elderly are targeted The FBI says investment fraud was the form of cybercrime that incurred the greatest financial loss for Americans last year.…