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Cybersecurity

Americans Remain at Risk from “Cyber Confusion” Both at Home and in the Workplace

February 14 – -Kaspersky Lab and HackerOne, a bug bounty platform, have announced results of the Hacking America: Cybersecurity Perception study, which revealed that American businesses and consumers still need a more comprehensive understanding of cyberthreats and how to protect personal and sensitive business data online.

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Evolving Technology Introducing New Threats in 2017

December 13 – -Trend Micro Incorporated, a global leader in cybersecurity solutions, has released its annual security predictions report, “The Next Tier – 8 Security Predictions for 2017.” The upcoming year will include an increased breadth and depth of attacks, with malicious threat actors differentiating their tactics to capitalize on the changing technology landscape.

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As Electronic Payments and Invoicing Increase, So Do Concerns About Cybersecurity

December 5 – As every facet of the financial services industry faces the imminent shift to digital platforms, more than one-third of treasury and financial professionals have heightened awareness of the growing risks of fraud and cyber-attacks, shows TD Bank’s Treasury Management Survey. Heading into 2017, corporate treasury and finance professionals cite protecting assets, securing transactions and cybersecurity as top priorities.

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CSBS Offers New Cybersecurity Certification

November 22 – The Conference of State Bank Supervisors announced a new cybersecurity certification in an effort to promote higher standards in bank examination of cybersecurity management. The new Certified Cyber Security Examiner designation is part of a larger effort among state financial regulators to address the ongoing threat of cybersecurity within the financial services industry.

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CFPB Seeks Information Into Access of Consumer Data

November 21 – The Consumer Financial Protection Bureau has launched an inquiry into the challenges it says consumers face in accessing, using and securely sharing their financial records. As part of the inquiry, the agency is asking the public for information about how much choice consumers are being given about the use of their records, how secure it is for them to share their records and to what extent consumers have control over their records.   (more…)

Guardian Analytics Solution Protects Treasury Management Organizations From Fraud

November 9 – Guardian Analytics, a leader in behavioral analytics and machine learning solutions for detecting banking fraud, has released Guardian Analytics Sentinel, the industry’s first and most advanced behavioral analytics and machine-learning solution protecting B2B web portals from account takeover, business email compromise, and many other fraud schemes.

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Two-thirds of Financial Organizations Faced At Least One Cybersecurity Attack Last Year

November 8 –  MetricStream Research has released a new report, “The State of Cybersecurity in the Financial Services Industry,” which reveals that 66.2 percent of financial organizations faced at least one cybersecurity attack in the last year. The report, based on a survey conducted in July 2016, features the perspectives of C-level information security professionals in over 60 banking and financial services firms across the globe. The respondents represented financial enterprises of multiple sizes, as well as various segments, including banking, insurance, asset management, diversified financials, investment services, and foreign exchange services.

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Biometrics, Bots and the Future of Security in Financial Services

By Eric Crabtree

Not surprisingly, cybersecurity always ranks high on the list of chief concerns that cause bank CIOs to lose sleep at night. That’s because increasing levels of sophistication in the tech used by hackers and fraudsters is making it harder for financial institutions to defend themselves.

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October Is National Cybersecurity Awareness Month

September 30 – Recognized every October, National Cybersecurity Awareness Month (NCSAM) was created as a collaborative effort between government and industry to ensure all digital citizens have the resources needed to stay safer and more secure online while also protecting their personal information.

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Studies Show Credit Card Use Decreases After Fraud

September 20 – A new report reveals that nearly half of U.S. consumers have experienced card fraud,(1) while another survey found that 56% of fraud victims changed their card use or shopping behavior after a fraudulent charge.(2) eConsumerServices (econsumerservices.com/), a dispute mediation firm, maintains that card issuers and merchants must be proactive to avoid losing business in cases of credit card fraud; so CEO Gary Cardone counsels banks and retailers on steps they can take to retain consumers’ trust.

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