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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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Bank Info Security 2 years, 3 months ago

UnitedHealth Admits Patient Data Was 'Taken' in Mega Attack

US Government Offers $10M Bounty to Track Down Leadership of BlackCat Crime GroupUnitedHealth Group has admitted data was "taken" in the cyberattack on Change Healthcare and has just started analyzing the types of personal, financial and health information potentially compromised. The U.S. is offering a $10 million bounty for BlackCat, which claims to have launched the attack.

Bank Info Security 2 years, 3 months ago

AI Opens Fraud Detection Gap, Says US Treasury

Department Says It May Contribute Its Own Data for Training ModelsThe widespread advent of artificial intelligence is opening a fraud detection capability gap between large and small financial institutions, the U.S. Department of the Treasury warns, suggesting that it may use its own historical data to narrow the divide.

Bank Info Security 2 years, 3 months ago

Feds Wave Sticks & Carrots at Health Sector to Bolster Cyber

Industry Groups Welcome Help for Hospitals and Others - But Oppose PenaltiesProposed federal sticks and carrots to incentivize the health sector to implement stronger cybersecurity standards are already meeting opposition from some industry groups that say financial help is welcome but payment penalties for perceived laggards likely will do more harm than good.