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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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The French cybersecurity agency on Tuesday revealed that a number of entities spanning governmental, telecommunications, media, finance, and transport sectors in the country were impacted by a malicious campaign undertaken by a Chinese hacking group by weaponizing several zero-day vulnerabilities in Ivanti Cloud Services Appliance (CSA) devices

Russian Bulletproof Host Also Designated a Front Company in the UKThe United States cut off from the U.S.-dominated international financial system a Russian provider of digital infrastructure to cybercriminal groups, accusing St. Petersburg-based Aeza Group of hosting infostealers and ransomware operations. The U.S. said Aeza is a bulletproof hosting service.