Johnson Controls International Disrupted by Major Cyberattack
The company filed with the SEC and is assessing its operations and financial damages.
Stay secure in the finance sector. Explore the latest in financial cyber security news, trends, and best practices to protect valuable assets and data.
Search across headline titles and summaries.
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.
The company filed with the SEC and is assessing its operations and financial damages.
Kenyan data protection regulator issues monetary penalties to multiple firms for improper handling of personal data.
Region also experiences most DDoS events
An updated version of an Android banking trojan called Xenomorph has set its sights on more than 35 financial institutions in the U.S
Financial services targeted remorselessly over past year
The decentralized finance network has suspended deposits and withdrawals after what could be one of the biggest cyber-attacks on cryptocurrency projects