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.
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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
Ransomware—that insidious menace threatening every entity no matter its size or industry—took several dark turns in 2021, all intended to magnify its impact. Attacks on major supply chain players reverberated throughout the economy, the continued rise in ransomware-as-a-service (RaaS) gave more criminals the...
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.
The industry rate of fraud loss for credit unions is 1 in every 700 calls. This means you could be losing thousands, if not millions, of dollars annually to fraud attacks. By implementing protections to fraud calls, you can slash average hold times.
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Customer Service is More Than a Buzzword, it's the cornerstone of an organization’s customer experience (CX) strategy. The contact center plays a pivotal role in this strategy. The challenge for modern contact center decision makers is to balance the need for outstanding CX with robust security. Artificial...
In the fight against fraud, there may be no better weapon than sharing knowledge. Unfortunately fraudsters also know this all too well and hence can take advantage of gaps in knowledge to bypass security controls, ultimately taking over an account, or gaining access to a credit line or card account.
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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 challenges facing fraud executives in commercial banking won’t get easier any time soon. One financial institution cites they track it closely and have seen a 17% increase per year for the past 10 years.
Aite Novarica covers the latest fraud trends in 2021 and how continued investment in and evolution of a...
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...
Looking to learn how to leverage Enterprise Email Security Solutions? This overview will help!
Download now to discover how to:
Intercept and block phishing attacks;
Avoid costly business email compromise (BEC) attacks;
Enhance security team efficiency
Initiate and preserve trusted communications
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