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.
Vladislav Klyushin hacked into US filing agents to discover non-public information about hundreds of companies on the US stock exchange
Confidential figures for Tesla, Snap, Roku, Avnet, others swiped and used to rack up millions in ill-gotten gains Vladislav Klyushin, the Russian owner of security penetration testing firm M-13, was jailed for nine years in the US on Thursday, for his involvement in a cyber-crime operation that stole top corporations' confidential financial information to make $93 million through insider trading.…
Cybercriminals are abusing Google Looker Studio to create counterfeit cryptocurrency phishing websites that phish digital asset holders, leading to account takeovers and financial losses. [...]
In today's digital age, it's not just about being online but how securely your organization operates online. Regardless of size or industry, every organization heavily depends on digital assets. The digital realm is where business takes place, from financial transactions to confidential data storage
The German Federal Financial Supervisory Authority (BaFin) announced today that an ongoing distributed denial-of-service (DDoS) attack has been impacting its website since Friday. [...]
A new large-scale smishing campaign is targeting the U.S. by sending iMessages from compromised Apple iCloud accounts with an aim to conduct identity theft and financial fraud