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.
New research report reveals financial organizations are failing to act despite majority experiencing a firmware-related breach.
Loose access to production systems, out of date software, and more claimed Twitter's former security chief Peiter "Mudge" Zatko accused the company and its board of directors of violating financial rules, of fraud, and of grossly neglecting its security obligations in a complaint to the US Securities & Exchange Commission, the Federal Trade Commission, and the US Justice Department last month.…
But don't worry, Zuck would never misuse this type of sensitive data Novant Health confirmed that it may have disclosed 1.3 million patients' sensitive data, including email addresses, phone numbers, financial information - even doctor's appointment details - to Meta.…