Tag "Banking Security"

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Identity Theft

Consumers trust banks most with their personal data, 68% still fear identity theft

People trust banks and other financial entities to safeguard their personal datamore than other organizations. New nCipher Security research also illustrates how easily that trust can be eroded, along with Americans’

Expert Articles Vendor News

Foregenix and Tranwall partner to tackle global ATM Cashout fraud in the banking industry

By Andrew Henwood – CEO at Foregenix, A leading UK cyber security firm has joined forces with an Australian pioneer in payment card control technology to fight against the rise

Industry Insights

5 Cybersecurity Myths Banks Should Stop Believing

This isn’t news to bankers. In Cornerstone Advisors’ annual What’s Going On in Banking study, cybersecurity has been a top concern of C-level bank and credit union execs for the past few

Industry Insights

Cybersecurity in the Banking & Financial Services Industry

A major data breach hit the news in September 2016, affecting around 500 million Yahoo users. A few months later, the company revealed that a shocking one billion user accounts were hacked in

Software

Ransomware Sees Further Decline, Banking Trojan Use Steps Up

Ransomware accounted for one tenth of 1% of all malicious email content in Q4, according to a new threat report from Proofpoint. It’s Q4 threat report found that banking trojans accounted

Industry Insights

More Money, More Worries About Cyber Risk

Executives at financial services companies are increasingly concerned about risks, but as technology becomes more integrated in managing financials, more executives say that cybersecurity is increasingly becoming the most important

Software

Code vulnerabilities mean banks are leaving customers open to more outages

Outages at TSB and HSBC illustrate the problem:  any bank attempting to simultaneous update and preserve their current IT infrastructure,  without downtimes or service disruption, faces a monumental task.  Now, Veracode’s

Identity Theft

Lessons From Some Of The World’s Largest Data Breaches, And The Way Forward

“What I did 50 years ago is 4,000 times easier to do today because of technology,” says Frank Abagnale, 70-year-old FBI security consultant and former con man. His exploits as a check

Industry Insights

Is Security The Loser As Open Banking Takes Hold?

Open Banking is a series of reforms, brought in by the Competition and Markets Authority, which address how banks deal with consumer financial information. It emerged alongside a new regulation

Expert Articles

The Only Counter Strategy Against Data Loss: Reliable Backup Methodology

By Julia Sowells Senior Information Security Specialist at Hacker Combat, In the turn of the century 18 years ago, people have embraced Web 2.0, a new dynamic web replacing the static