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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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Security teams face growing demands with more tools, more data, and higher expectations than ever. Boards approve large security budgets, yet still ask the same question: what is the business getting in return? CISOs respond with reports on controls and vulnerability counts – but executives want to understand risk in terms of financial exposure, operational impact, and avoiding loss

More from The Hacker News 5 Jun 2025, 11:25 p.m. CISO Exposure Finance Vulnerability
Bank Info Security 1 year, 1 month ago

UAE Central Bank Tells FIs to Drop SMS, OTP Authentication

Banking Sector Faces Challenges in Meeting March 2026 Compliance DeadlineThe Central Bank of UAE has issued a directive asking financial institutions to eliminate weak authentication methods including SMS and email OTPs. Banks are also expected to implement real-time fraud monitoring and suspend sessions when malicious activity is detected.

More from Bank Info Security 5 Jun 2025, 11:00 a.m. Authentication Banking Compliance Email Finance Fraud SMS United Arab Emirates

Cybersecurity researchers have warned of a new spear-phishing campaign that uses a legitimate remote access tool called Netbird to target Chief Financial Officers (CFOs) and financial executives at banks, energy companies, insurers, and investment firms across Europe, Africa, Canada, the Middle East, and South Asia.  "In what appears to be a multi-stage phishing operation, the attackers

More from The Hacker News 2 Jun 2025, 5:51 p.m. Africa Canada Europe Finance Middle East Phishing Research