PYMNTS

NOVEMBER 8, 2016

As has been widely reported, the thefts from the bank — stretching across roughly 20,000 accounts — remain shrouded in mystery as to just how they occurred. Separately, the newswire reported that the U.K.’s That agency is working alongside the National Cyber Security Center in the investigation. Across the U.K.,

Cyber Security 173

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PYMNTS

JUNE 26, 2017

This past Saturday (June 24) British Parliament was one such entity that fell victim to a cyber attack. Reports from this event stated that the hit was a “sustained and determined” cyber attack with the goal of finding weak email passwords. ”

Cyber Security 128

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PYMNTS

JULY 4, 2018

The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. That projection comes as Oppenheimer Senior Analyst Shaul Eyal noted that “chief information security officers are directing more and more of their budgets toward the most mission-critical [parts] of their network.”.

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Abrigo

DECEMBER 5, 2016

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. I know a lot of people do not take security awareness seriously, but for Sageworks, the No. Develop a security awareness program.

Cyber Security 150

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NCR

NOVEMBER 8, 2016

An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. He or she is the bank officer responsible for administering and ensuring the effectiveness of the information security program for the bank. Cyber Incident Response Plan.

Cyber Security 63

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PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

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PYMNTS

APRIL 8, 2020

a wave of new cyberattacks appears to be taking advantage of the situation in both countries, according to a Reuters report. The Wall Street Journal reported that mentions of the coronavirus in emails with malware or other hacking software has jumped recently. As the coronavirus pandemic continues to roil the U.S. and the U.K.,

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PYMNTS

OCTOBER 13, 2020

DeFi, which is also known as “decentralized finance,” has been included in an increasing wave of business promotions in 2020, Bloomberg reported. And, in recent months, the group noted that banks have reported higher complexity in malicious cyber-enabled incidents.

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Bobsguide

OCTOBER 25, 2017

50 years on, David Beach, reporter at bobsguide, attended RBR's ATM & Cyber Security event in London, slightly sceptical as to where ATMs fitted into an oft-predicted cashless society. In 1967, the first ATM hit the UK’s high streets. With the rise of biometrics and Big Data, surely.

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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. . $3

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PYMNTS

OCTOBER 17, 2016

The extent of cybersecurity attacks on financial institutions is much greater than reports show, especially in the U.K. Shlomo Touboul, Chief Executive of Israeli-based cyber security firm Illusive Networks believes that banks are under constant attack. banks are not required to report every event, banks in the U.S.

Cyber Security 100

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PYMNTS

NOVEMBER 8, 2016

As has been widely reported, the thefts from the bank — stretching across roughly 20,000 accounts — remain shrouded in mystery as to just how they occurred. Separately, the newswire reported that the U.K.’s That agency is working alongside the National Cyber Security Center in the investigation. Across the U.K.,

Cyber Security 133

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FICO

JULY 31, 2019

The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Service Organization Controls reports). Promote awareness by inviting the vendor to review their FICO® Cyber Risk Score or other cyber assessment tool.

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BankInovation

AUGUST 20, 2021

In this episode of “The Buzz,” Bank Automation News speaks with cybersecurity research analyst Micah Musser of Georgetown University’s Center for Security and Emerging Technologies, and a co-author of the recent report, “Machine Learning and Cyber Security: Hype and Reality” about the use of artificial intelligence (AI) and machine learning (ML) in (..)

Cyber Security 98

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PYMNTS

JUNE 16, 2017

According to a press release , App Verify for iOS allows mobile app developers to streamline the onboarding account verification process to assist with increasing conversions and providing cyber security and identity assurance from fraud.

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PYMNTS

JULY 28, 2019

The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. “The Sabine Parish School System was hit with an electronic virus early Sunday morning,” reads a statement on the school district’s website, according to CNBC.

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PYMNTS

NOVEMBER 30, 2020

New research reveals how cyber attackers are stealing company cash from businesses large and small with examples emerging across businesses of all sizes — even forcing one firm to shutter its doors. 4,255 BEC scams have hit Australian small- to medium-sized businesses (SMBs) this year alone , according to Smart Company reports.

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PYMNTS

MAY 9, 2016

As reported by BBC , the attacks have ranged across a gamut of activity, from spyware to viruses to malware, according to the U.K. government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. As has been reported, the British government is investing as much as £1.9 billion ($2.7

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PYMNTS

FEBRUARY 6, 2019

Reuters , citing cybersecurity researchers, reported that the attack was part of a global hacking campaign initiated by the Ministry of State Security in China aimed at stealing intellectual property and corporate secrets. But if I put on my paranoia hat, this could have been catastrophic,” he said in the report. “If

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PYMNTS

SEPTEMBER 13, 2018

We’re already using AI to analyze underlying patterns in complex market environments, and we’re enhancing client security through biometrics and fraud detection algorithms,” he said. Smarter Security. Balancing Security With Simplified Experiences. However, consumers also crave convenience, even at the expense of security.

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PYMNTS

MARCH 10, 2020

service, which lets hackers advertise and sell stolen information, has been arrested by the FBI, according to published reports Tuesday (March 10). Online hacking scandals are prevalent in today’s digital era, with major businesses reporting breaches of their security often. regularly, the FBI said.

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PYMNTS

JUNE 30, 2020

The Innovation Hub was launched in 2019 as a way for central banks to collaborate on various innovative solutions to problems, PYMNTS reported. Another goal was the creation of new public goods to improve the world and to serve as launchpads for future innovation.

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PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018.

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PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. The National Cyber Security Centre said it was providing technical support. The attack occurred on New Year’s Eve.

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PYMNTS

JANUARY 29, 2018

A new report released in the U.K. For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR).

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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. Equifax has come under fire for how long it took the company to make the breach public, as well as failing to report a separate cybersecurity incident in March.

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PYMNTS

JULY 29, 2019

Business E-mail Compromise (BEC) fraud has been gaining ground and growing in terms of number of incidences, according to a recent report. As noted by the Financial Crime Enforcement Network (FinCEN), the number of reports of BEC rose to a monthly average of more than 1,100 in 2018, where the tally had been 500 in 2016. billion.

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PYMNTS

NOVEMBER 2, 2016

According to a report , research suggests the U.K. Chancellor of the Exchequer Philip Hammond said, according to the report, that the country is “an acknowledged global leader in cybersecurity.” ” The way to do that, noted the report, is to increase spending to fight cyberattacks. million cases of cybercrime.

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PYMNTS

JANUARY 7, 2020

The alleged perpetrators of a cyberattack on Travelex , the “world’s largest retail currency dealer,” was Sodinokibi, a cyber gang demanding ransom, according to reports. Those banks “have been unable to process customers’ requests,” reports said. Sodinokibi contacted the BBC on Tuesday (Jan.

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PYMNTS

FEBRUARY 5, 2020

Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays throughout the country, according to a report by ZDNet. “We We’ll continue to provide updates as we securely bring our systems back online.”. On Wednesday (Feb.

Cyber Security 131

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PYMNTS

OCTOBER 12, 2016

A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. Symantec said it would share technical information about Odinaff with banks, governments and other security firms.

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PYMNTS

MAY 15, 2017

As has been widely reported, a massive attack hit everything from the United Kingdom’s National Health Service, European automakers and Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries into Saturday. According to a report in Bloomberg , 16 NHS hospitals in the U.K.

Cyber Security 101

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PYMNTS

JUNE 15, 2017

Security isn’t just about catching the bad guys as they run away with store merchandise. And as part of a network, they can be a key piece in the preventative puzzle, triggering other elements of the security suite to activate. The reporting software looks for anomalies based on its algorithms.

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PYMNTS

MAY 18, 2018

The company has also sought outside help, MacRumors reported. “We We have engaged an independent, third-party cyber-security firm to conduct a review of what happened and help us further protect the security and integrity of our data,” Sanders said in a statement. “We

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Jack Henry

JULY 2, 2014

As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state.

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PYMNTS

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new regulation went into effect on Jan.

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PYMNTS

DECEMBER 20, 2017

The company announced this week that it deployed a “blockchain-inspired” technology to manage collateral in its ledger and facilitate the sending of cash and securities. That data includes company names, share counts and corporate activity like mergers and acquisitions (M&A), reports said.

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