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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 4 weeks, 1 day ago

JPMorgan Pulls Anthropic Claude Access in Hong Kong

Restrictions Highlight Growing U.S.-China AI Security TensionsJPMorgan Chase removed Anthropic's Claude models from its approved AI platform for employees in Hong Kong, following restrictions tied to Greater China access rules and underscoring how U.S. export controls and geopolitical concerns are reshaping enterprise AI adoption in global financial markets.

Bank of Ireland's Francis Gorman Shares Strategies for Successful Quantum MigrationMost organizations give the migration to quantum-safe cryptography to the CISO. But that puts a cross-business change in the wrong hands. Accountability belongs with senior leaders who can influence the whole enterprise, says Francis Gorman, head of Bank of Ireland's security center of excellence.

Rokarolla Android malware targets 217 banking and crypto apps, steals credentials, blocks bank calls, intercepts SMS, and disables Play Protect. Zimperium’s zLabs researchers have published a detailed analysis of Rokarolla, a new Android banking trojan named after its command-and-control infrastructure. It spreads through malicious websites masquerading as TikTok and Chrome, one confirmed distribution point being […]

Bank Info Security 1 month ago

The AI Accountability Gap CIOs Can't Ignore

IBM Research Finds Tech Leaders Struggle With Agent SprawlA new IBM Institute for Business Value survey finds two-thirds of CIOs and CTOs are accountable for AI systems they don't fully control. The survey of 2,000 tech executives details rising AI agent incidents and recommends infrastructure, governance and financial fixes.

Malware Targets Banks, Crypto Platforms and Social MediaNewly surfaced Android-based banking Trojan gives threat actors near-total control over infected devices, letting them steal user credentials for direct access to financial accounts, says researchers. Rokarolla tricks users into side-loading malicious versions of popular, high traffic apps.

Cybersecurity researchers have disclosed details of fraudulent activity targeting users across the Middle East and North Africa by employing various fraudulent Facebook accounts impersonating politicians, public figures, and trusted organizations