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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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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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IoT Device and Data Security Challenges and Solutions Headline the Smart Card Alliance Conference

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.

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ATMIA Publishes Version 3 of International Best Practices for ATM Physical Security

October 6 – The ATM Industry Association has published Best Practices for ATM Physical Security Version 3 to update members on counteracting current global threats.

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Boosting ATM Security Starts at the Top

September 30 – What impacts will your FI suffer if your ATM is compromised? Perhaps the biggest blow, and most difficult to repair, will be to your reputation. Fortunately, there are proven steps FIs can take to increase ATM security posture, and starting with the C-Suite is the first step.

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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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Cybersecurity Plans and Policies

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?

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Solving the Security Concerns over Mobile Wallets

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…)

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