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.
Fidelity National Financial revealed that the ransomware attack last year potentially impacted 1.3 million customers data in an updated SEC filing
It's still not calling it ransomware Fidelity National Financial now says criminals got hold of data belonging to 1.3 million customers after breaking into its IT network in November.…
Commission Says Close Company Connections Make Conditions Ripe for Merger InquiryThe European Commission took preliminary steps toward investigating Microsoft's financial interest in ChatGPT maker OpenAI under the trading bloc's antitrust regulation. The Tuesday announcement marks the second instance of official interest in Microsoft's investments in the generative AI firm.
Fidelity National Financial (FNF) has confirmed that a November cyberattack (claimed by the BlackCat ransomware gang) has exposed the data of 1.3 million customers. [...]
1.3 Million Customers Notified of Breach; BlackCat Ransomware Group Claimed CreditFinancial services giant Fidelity National Financial has confirmed that a November 2023 hack attack compromised personal information pertaining to 1.3 million customers of its LoanCare subsidiary. FNF took multiple systems offline when responding to the attack, disrupting some homebuyers.
Large Mortgage Lender's Customers Say the Online Payment Portable Is InaccessibleNon-bank mortgage lending giant LoanDepot is warning customers and investors that hackers have infiltrated its network, gained unauthorized access to information and encrypted data, leading to it taking numerous systems offline while it probes the attack.