Chris Skinner

MARCH 15, 2017

Things we’re reading today include … Identity fraud reached record levels in 2016 Iceland’s recovery shows benefits of letting over-reaching banks go bust Taxpayer stake in Lloyds Banking Group goes below 3pc Bitcoin ETF: quick silver Charlotte Hogg resigns as Bank of England deputy governor The five charts that show how economically (..)

Cyber Security 157

Cyber Security Charlotte Bitcoin Fraud 157

The Paypers

MARCH 16, 2021

UK-based cyber security and risk mitigation player NCC Group , has partnered with Ashurst FinTech Legal Labs , the business accelerator programme.

Groups 31

Groups Cyber Security Fintech Security 31

Cisco

JUNE 7, 2022

This dubious distinction and related implications of a breach have ensured financial services’ high level of cyber security proficiency, protection, and alignment with standards such as the International Standards Organization (ISO) 27k series on IT risk and the US National Institute of Standards and Technology (NIST) Cyber Security Framework.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

PYMNTS

OCTOBER 17, 2016

Shlomo Touboul, Chief Executive of Israeli-based cyber security firm Illusive Networks believes that banks are under constant attack. Bank customers are just as concerned with security and stable service as loan or deposit rates. million | The number of cyber-related crimes occurring annually in the UK.

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Cyber Security Data Security Regulation 100

American Banker

JUNE 28, 2024

The trade groups said Friday that a proposed rule from CISA would burden firms with overly broad reporting requirements as they scramble to respond to incidents.

Groups 41

Groups Report Cyber Security Security 41

Perficient

JUNE 22, 2020

He conducts a meeting with his security group, “WHITEHAT” to proceed with the investigation. The blackhat hired him to research the security gaps to avoid any faults in this plan and report the same. Analogical Characters: There are different types of hackers in the cyber-security. He suspects the inside job.

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Operations Cyber Security Security Risk Management 309

PYMNTS

JANUARY 9, 2020

Travelex, owned by the Abu Dhabi-based financial services group Finablr , serves over 70 markets. The National Cyber Security Centre said it was providing technical support. Some criminal groups have links to Syria and Iran, according to research by McAfee.

Cyber Security 131

Cyber Security Groups System Data 131

The Paypers

NOVEMBER 24, 2016

(The Paypers) Group IB , a Russian cyber security company, has released a report saying it believed the ATMs cyberattacks throughout Europe were conducted by Cobalt, a criminal group.

ATM 28

ATM Groups Cyber Security Security 28

PYMNTS

SEPTEMBER 26, 2017

Securities and Exchange Commission (SEC) announced it is launching two enforcement initiatives to boost efforts to address cyber threats and protect retail investors. In fact, global investor group Investment Company Institute told Reuters on Friday that disclosure rules for both companies and public sector bodies need to be stricter.

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Cyber Security Retail Security Groups 115

American Banker

JANUARY 12, 2024

Led by Congressmen French Hill and Stephen F. Lynch, the council will explore how artificial intelligence is influencing the development of new products and services, fraud prevention and other areas across the financial services and housing industries.

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Groups Fraud Industry Cyber Security 78

The Paypers

OCTOBER 14, 2021

US-based fraud prevention company Arkose Labs has entered the group of companies specialised in web development and cyber security to strengthen its capabilities in developing new solutions.

Cyber Security 28

Cyber Security Fraud Groups US 28

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000. ” The U.S.

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Data Los Angeles Survey Cyber Security 202

PYMNTS

MAY 23, 2017

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group.

Cyber Security 108

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Payments Source

JANUARY 6, 2018

Twenty-two trade groups, including seven financial trade groups, sent a letter to House lawmakers calling for new data security standards that would preempt state law.

Security 64

Security Data Retail Groups 64

Payments Source

APRIL 5, 2019

housed dozens of cybercriminal groups that set up shop on the platform as online marketplaces to sell a variety of illegal services, such as stolen credit card information, account theft and spamming tools, a team of researchers found. Facebook Inc.

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Groups Tools Cards Online 69

PYMNTS

DECEMBER 20, 2017

As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. This week, news from Citigroup, UPS and Vanguard signal interest in using the distributed ledger technology in the back office.

blockchain 135

blockchain Cyber Security Groups Regulation 135

PYMNTS

MAY 15, 2017

National Security Agency, and Friday’s tally comes to more than 126,000 cases of infection. The National Cyber Security Center said: “We are aware of [the] cyber incident, and we are working with NHS Digital and the National Crime Agency to investigate.”. Action Fraud, the U.K.’s

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Cyber Security National Security System 101

American Banker

JUNE 25, 2024

Ransomware group LockBit threatened on Sunday to publish the stolen data Tuesday evening. Ransomware experts said it was likely that the group was bluffing.

Data 91

Data Groups Cyber Security Security 91

American Banker

OCTOBER 18, 2024

A whitepaper from FS-ISAC, a financial services industry group focused on cybersecurity, advocates that banks develop so-called "cryptographic agility."

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Groups Industry Cyber Security Security 92

PYMNTS

DECEMBER 6, 2018

. – Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. All that info has been mined by organized crime groups and other actors,” he said. You need layers of security,” he noted. The antidote? Holistic Defense.

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Fraud Payments Security Cyber Security 133

PYMNTS

MAY 15, 2018

Microsoft is also integrating its artificial intelligence, voice recognition and cyber security capabilities into the solution. In addition to small business accounting and financial management, Wiise will provide SMBs with job costing, scheduling, inventory management, payroll, sales, marketing and CRM solutions. ”

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Cyber Security Marketing Report Operations 104

American Banker

NOVEMBER 17, 2023

The cybercriminals said a new SEC rule required loan software company MeridianLink to report last week's breach, but the rule does not take effect until next month.

Report 41

Report Groups Software Company 41

The Paypers

APRIL 18, 2016

(The Paypers) According to a joint study by cyber security company, Group-IB, Russian economy has lost more than USD 3,3 billion due to cyber attacks.

Cyber Security 28

Cyber Security Study Groups Security 28

American Banker

JULY 5, 2024

Bank partnered with Greenlight to provide financial education resources, ransomware group LockBit released data belonging to Evolve Bank & Trust, banks consider the merits of open-source and closed-source generative AI and more. In this month's roundup of top tech news: U.S.

Data 87

Data Resources Groups Cyber Security 87

American Banker

JUNE 14, 2024

Truist said the October breach is not related to a campaign by the same criminal group. The threat actor Sp1d3r posted an ad for the stolen data on Wednesday.

Data 78

Data Groups Cyber Security Security 78

PYMNTS

JULY 7, 2017

Play Protect secures users from the family, and any apps that may have been infected with CopyCat were not distributed via Play.”. Additionally, consumer goods company Reckitt Benckiser Group Plc. 2 percent | Loss of sales for Reckitt Benckiser Group Plc. 50,000 | Number of Android devices still affected by CopyCat today.

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Data Google Groups cryptocurrency 130

PYMNTS

SEPTEMBER 24, 2018

Consider the fact that the stolen data, as reported in Forbes and other publications, was garnered through a script that helped the bad guys “skim” payment pages, and the methodologies have brought some observers to conclude that the hackers belong to Magecart, the group behind the Ticketmaster breach. Other Financial Impacts Loom.

Data 152

Data Cyber Security Regulation social media 152

Jack Henry

APRIL 30, 2014

One such attack by the group Unlimited Operations was able to net over $40 million. Distributed Denial-of-Service (DDoS) Cyber-Attacks and Risk Mitigation. The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates.

Fraud 88

Fraud Cyber Security ATM FDIC 88

American Banker

FEBRUARY 20, 2024

The gang had been involved in some of the highest-profile ransomware attacks against financial institutions of recent years.

Groups 28

Groups Cyber Security Security Technology 28

American Banker

MAY 23, 2016

Seven financial trade groups announced Monday that they are banding together to push legislation that would extend banklike data security standards to retailers and nonbank businesses.

Security 43

Security Retail Data Groups 43

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. In Summary. This blog even as summary is quite long. Common AIO Risk Management Topics.

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Operations Software Risk Management Management 118

American Banker

DECEMBER 14, 2023

That organization allegedly supplies fake Microsoft accounts to groups like Scattered Spider, whose targets include financial companies. A federal judge has issued a temporary restraining order against websites created by Storm-1152.

Groups 84

Groups Company Cyber Security Fraud 84

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). In a recent CAPS exercise, a group of IT professionals from several different banks and FIs participated in a simulation that took place at IBM Security’s Cyber Range in Cambridge, Mass.,

Exercises 119

Exercises Resources Industry Cyber Security 119

Payments Source

NOVEMBER 28, 2017

The trade group wants Equifax to reimburse community banks for costs tied to the massive data breach at the credit bureau this year. The ICBA also wants a court to order Equifax to improve its security measures.

Data 62

Data Community Bank Community Security 62

FICO

OCTOBER 26, 2022

A handbook for AI advocacy groups. The quasi-Constitutionality that the name “AI Bill of Rights” infers will further fuel AI advocacy groups. With AI advocacy, there may be a different construct, because consumers and their advocacy groups will demand access to the information and process on which the AI system made its decision.

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Handbook Analytics San Diego Regulation 52

NCR

JUNE 23, 2017

Banks are under cyber attack every day and although this sector has made great strides, their ability to detect a breach and take immediate action is still a work in progress. The Aite Group projects that card-not-present fraud alone is estimated to jump to $7.2.billion billion by 2020.

Fraud 45

Fraud Cyber Security social media Analytics 45

Perficient

APRIL 2, 2021

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. Office of the Comptroller of the Currency (OCC).

Regulation 309

Regulation Industry Risk Management Analysis 309