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.
Attackers are leveraging well-executed brand impersonation in a Google ads malvertising effort that collects both credit card and bank details from victims.
As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected. As such, it has become essential for businesses to protect themselves from the financial and
Cops reckon gang swiped as much as $30M from financial orgs International cops have arrested a suspected "key figure" of a cybercrime group dubbed OPERA1ER that has stolen as much as $30 million from more than 30 banks and financial orgs across 15 countries.…
Law enforcement has detained a suspect believed to be a key member of the OPERA1ER cybercrime group, which has targeted mobile banking services and financial institutions in malware, phishing, and Business Email Compromise (BEC) campaigns. [...]
Digital payment skeptics of the world, unite! You have nothing to lose but grifters and crims Singapore has joined the ranks of nations requiring digital payment operators to follow the same sort of regulations and customer protection requirements that apply to conventional financial institutions.…
Neo_Net’s campaign mainly targeted Spanish and Chilean financial institutions
An e-crime actor of Mexican provenance has been linked to an Android mobile malware campaign targeting financial institutions globally, but with a specific focus on Spanish and Chilean banks, from June 2021 to April 2023