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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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Social Media Can Make Bank Customers Susceptible To Scams

PYMNTS

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. Though a person close to the bank’s investigations into the frauds said it’s hard to tell how criminals find account information, social media activity can present a problem.

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UK To Spend Close To £2 Billion To Fight Cyberattacks

PYMNTS

government plans to work with industry partners, such as Bath-based Netcraft — an outfit that specializes in internet security services and counts clients that include Microsoft, BT, Cisco and Intel. universities” that will be tasked with increasing security for smartphones, tablets and laptops.

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BA To Reveal Fine Print On GDPR Fines?

PYMNTS

12 by James Dipple-Johnstone to the CBI Cyber Security: Business Insight Conference, the Information Commissioner’s (ICO’s) office has been getting about 500 calls weekly to the breach reporting line since May 25, and amid that deluge, many organizations ultimately decided that the breach does not meet reporting thresholds.

Data 152
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Two Cyber Security Investments With a Silver Lining

Banking 2020

The technology protects everything from online transactions and network remote access to social media, personal and business information. Keystroke encryption software encrypts data instantly at the point of origin, when someone types on his or her keyboard.

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Developing an Information Security Wellness Program for your Financial Institution

Jack Henry

Performing these assessments can help board members and employees avoid the risk of social engineering threats: Do employees know the red flags that would indicate a phishing email vs a legitimate email message? If an USB flash drive were planted in the lobby, would a staff member pick it up and plug it into a machine on the FI’s network?

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Bots, humans share the workload of digital fraud

Payments Source

As mobile payment applications increasingly integrate with social media platforms, fraudsters are using a mix of bots and human labor to increase their chances of a successful account takeover.