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.
As financial institutions continue to embrace digital transformation, their success will depend on their ability to establish and maintain robust and responsible cybersecurity practices.
British bank TSB warns of rise of “finfluencers” who dispense dubious financial advice online
USDT's Ex-CIO Tony Arcadi on Incremental IT, Oversight, Public Sector ModernizationThere's no place for moonshots when you're responsible for one of the world's largest financial institutions, said Tony Arcadi, former CIO at the U.S. Department of the Treasury. In Part 1 of this two-part interview series, Arcadi reflected on his 15-year journey within the federal government.
No, really, those are the magic words A clever AI bug hunter found a way to trick ChatGPT into disclosing Windows product keys, including at least one owned by Wells Fargo bank, by inviting the AI model to play a guessing game.…
Island CEO Mike Fey on Drivers for SASE, Identity Features in Enterprise BrowserIsland co-founder and CEO Mike Fey outlines how the enterprise browser is evolving through AI, SASE and hyperscaler investments to enhance governance, reduce backhaul traffic and support secure access across diverse industries such as healthcare and finance.
China's Hack-For-Hire Scene Disgorges Another LeakThe Chinese nation-state threat actor tracked as Salt Typhoon is operated by a clutch of private firms whose clients include multiple Chinese government agencies, finds analysis of leaked data by Spy Cloud. Researchers found a spreadsheet listing buyers, sellers and financial transaction details.
Within months of implementing anti-fraud measures and automation, Texas National Bank prevented more than $300,000 in check fraud.
Hackers stole nearly $140 million from six banks in Brazil by using an employee's credentials from C&M, a company that offers financial connectivity solutions. [...]