The SEC voted 3-1 to advance new, mandatory cybersecurity rules for registered investment advisers, companies and funds. The proposal - open for a 30-day public comment period - would require entities to adopt and implement written cybersecurity policies and a 48-hour incident reporting mandate.
The European Systemic Risk Board has proposed a new systemic cyber incident coordination framework called EU-SCICF. This framework will be designed to counter any major cross-border cyber incidents in the financial sector space with a coordinated response.
U.S. Security and Exchange Commission Chair Gary Gensler wants to broaden cybersecurity regulations. Among his concerns are the rising threat of cyberattacks due to the tensions between Russia and Ukraine, and a need to harmonize communications between financial firms and third-party vendors.
FS-ISAC is piloting a new program called the Critical Providers Program that is aimed to heighten the conversation between leaders of security firms and their third-party partners. The program leverages the Connect platform, and Akamai Technologies plays a key role.
The cultural divide between application security and developer teams is well known. But threat modeling offers a new strategy to bring these teams together and achieve business benefits. Panelists from ServiceNow and IriusRisk discuss the road map.
As Russia masses troops on its border with Ukraine, the White House says Russian disinformation campaigns have been aimed at destabilizing Ukraine's government, while experts have seen a surge in "cyber intrusions" against infrastructure, banking and government targets in advance of a potential invasion.
The banking and financial services sector is the single most important target for cybercriminals. Banks and financial institutions safeguard incredibly sensitive data of users and employees alike, and data breaches can be costly both in terms of leaked data and financial penalties incurred. Cybercriminals constantly...
In the financial services sector, email correspondence may contain sensitive personal or legal information, and it’s often critical that this information be actioned within a strict deadline. For your brand to succeed, your clients must be able to trust you with the integrity of their confidential data — this...
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Social engineering scams are on the rise worldwide. In the last year, the number of social engineering scams have increased 57%, and impostor scams were the number one type of fraud reported by consumers, according to the U.S. Federal Trade Commission.
Legacy fraud prevention controls that rely on device, IP and...
"Stimulus fraud" has influenced financial institutions (FIs) to shift their disposition toward managing mule activity.
This whitepaper is the product of a survey of 32 North American fraud executives as well as interviews with three fraud leaders who are actively engaged in transforming how their institutions...
As a member of a highly regulated industry, things are already complicated enough. Why should your third-party security management also be?
This guide will help make your Finserv organization’s vendor security program efficient, effective and scalable so you can eliminate the hassle of third-party security...
The growth of the digital economy has completely changed consumer habits. Consumers have come to expect a hyper-personalized experience that is fast, convenient and secure. It is no different in banking, where digital-only banks are growing rapidly, with several of them already attracting millions of customers per...
On one hand, 60% of survey respondents rate their institutions as "above average" or "superior" when it comes to mitigating fraud. Yet, 55% say their customers and partners lack sufficient awareness to protect themselves from fraud. Appgate's Bryan Jardine analyzes the Faces of Fraud survey results.
Mobile applications have become a nearly ubiquitous offer from Financial Services organizations. While many banks employ defense in depth security protections at their perimeter, a surprising number do not shield their mobile apps from attack. Application Shielding protects banks and consumers by obfuscating code in...
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