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.
Cybersecurity researchers are warning of "massive phishing campaigns" that distribute five different malware targeting banking users in India
There are several myths and misconceptions about API security. These myths about securing APIs are crushing your business. Why so? Because these myths are widening your security gaps. This is making it easier for attackers to abuse APIs. And API attacks are costly. Of course, you will have to bear financial losses. But there are other consequences too: Reputational damage Customer attrition
Prolific online scammer and social media influencer sentenced for bank cyber heists, BEC campaigns, money laundering, and more.
Not when pre-activity is exposed, says Red Canary Webinar In April this year the Costa Rican Government declared a national emergency because of a ransomware attack that brought the Ministry of Finance to the edge, and bludgeoned private as well as public import/export services. In May a second attack decapitated its national healthcare service.…