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.
Military says they'll save lives on both sides as tensions escalate Israeli fortifications in the West Bank are becoming a bit more faceless, as the military has reportedly deployed robotic turrets capable of firing stun grenades, less-than-lethal bullets, and tear gas at Palestinians protesting their presence.…
A Ukrainian national who has been wanted by the U.S for over a decade has been arrested by Swiss authorities for his role in a notorious cybercriminal ring that stole millions of dollars from victims' bank accounts using malware called Zeus
On average, organizations report using 102 business-critical SaaS applications, enabling operations of most departments across an organization, such as IT and Security, Sales, Marketing, R&D, Product Management, HR, Legal, Finance, and Enablement. An attack can come from any app, no matter how robust the app is.Without visibility and control over a critical mass of an organization’s entire SaaS
A financial cybercrime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domains that spoof popular bank brands using Punycode, an Internet standard that allows web browsers to render domain names with non-Latin alphabets like Cyrillic and Ukrainian.
Little fish lured into the market help whales cash out Somewhere between 73 and 81 percent of retail Bitcoin buyers are likely to have lost money on their investment, according to research published Monday by the Bank of International Settlements (BIS).…
Only 30% of respondents from other industries are as concerned about the risks associated with their IT staff.