Security control validation (SCV) is the foremost use case of Breach and Attack Simulation to help organizations answer the essential security questions needed to become threat-centric:
Test and measure the performance of security controls individually
and collectively
Obtain actionable insight to maximize...
Digital transformation across the financial services industry has accelerated public cloud adoption. As workloads leave the confines of their private data centers, financial institutions (FIs) are now faced with sub-optimal access to the applications and data hosted in the cloud, where security often takes the...
In our latest report, we detail seven primary cyber threats that organizations across the financial services sector will face in 2022. Some of them, such as ransomware, are not new but nevertheless remain a serious threat. Others, such as decentralized finance (DeFi) and cryptocurrencies, are newer, so to speak, and...
In order to keep pace with the card fraud threat landscape, financial institution CISOs must continually refresh their awareness and understanding of card fraud tactics, techniques, and procedures (TTPs). Even for the novice cybercriminal, there are few barriers to entry and near-infinite resources in illicit forums...
This session will present options and guidance for banking institutions on how to increase the security of logins and banking transactions that are more efficient and effective than traditional multi-factor authentication (MFA). We’ll discuss specific guidance on best practices and methodologies that disrupt the...
When it comes to advanced threat response, 42% of financial institutions say their current abilities are average. Only 35% say automation currently plays a strong role. Josh Zelonis of Palo Alto Networks and Sid Srivastava of Accenture analyze the State of Security Automation in Financial Services.
Online attackers are increasingly targeting the financial services sector. John Fokker, head of cyber investigations at Trellix, says his firm has charted a 22% quarterly increase in ransomware attacks on financial services, and APT detections have risen by 37%. Here's how the industry must respond.
The toll of a ransomware attack goes far beyond the price of the actual ransom. Ajay Bhatia of Veritas and Jose Thomas of Microsoft share the potential costs and gaps enterprises face when it comes to being able to detect, defend and recover from ransomware attacks.
As Russia's ground invasion and air assault against Ukraine continues, so too do online attacks being launched against Ukrainian targets. A Ukrainian cybersecurity official says his country is fighting the first-ever "hybrid war" that bridges both the physical and online realms.
As Russia's invasion of Ukraine continues, what should global CISOs and security teams do to ensure that their organizations stay protected? Beyond following cybersecurity agencies' guidance, experts offer advice on how to brief the board of directors, appeal for resources, support teams and more.
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.
Recent changes in consumer behaviors and stronger reliance on online transactions create a fertile ground for identity fraud in the financial services industry.
Financial institutions are hard pressed to meet consumer expectations of high levels of account security while also maximizing the user experience.
Are...
Due to disruptive events felt globally, operational resilience has grown in importance for banks and regulators. Banks can no longer simply prepare for “what if” scenarios; they must assume those scenarios will happen and prove they have a way to continue business as usual.
Download this eBook to learn how...
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.
Fraudsters are having a field day as the pandemic persists, with experts warning that scams targeting consumers and businesses remain at record-high levels. To combat such attacks, experts say financial services firms need to bolster their identity controls with tools to more accurately track and counter scams
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