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.
Search Results: Security
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.
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.
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.
October 24 – Executives from the Internet of Things (IoT) and security industries recently gathered in Chicago for the Smart Card Alliance’s 2016 Security of Things conference, where they provided insights and perspectives on security, privacy and authentication in the rapidly growing IoT ecosystem.
October 6 – The ATM Industry Association has published Best Practices for ATM Physical Security Version 3 to update members on counteracting current global threats.
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.
By Chris Tuckness
Last year, it was reported that Russian hackers had stolen more than 1.5 billion username and password combinations. You might think your company is safe, but are you sure about that?
June 27 – Mobile wallet adoption is projected to climb to 90 million users by 2019. While mobile wallets are already affording consumers new, convenient ways to pay, they are also providing new opportunities to fraudsters. Last year, 112,000 consumers became victims of mobile-wallet related account takeover; as more banks prepare to launch mobile wallets, security is the leading consideration for consumers. (more…)