Financial services have historically been at the forefront of adapting to changes in technology, regulations and consumer behavior. While businesses focus on the challenges of customer experience, digital transformation and cloud adoption, the industry is dealing with increased risks posed by operational challenges...
Hackers behind the FASTCash ATM cash-out attack campaign - tied by the U.S. government to North Korea - use Trojan code designed to exploit bank networks running outdated versions of IBM's AIX Unix operating system, Symantec warns.
Interest in artificial intelligence (AI) and machine learning (ML) is soaring, but confusion and hype can mask the real benefits of these technologies. Organizations need to identify use cases that will produce value for them, especially in the areas of enhancing processes, detecting anomalies and enabling predictive...
The financial services industry has unique challenges that often prevent it from achieving its strategic goals. The keys to solving these issues are hidden in machine data - the largest category of big data - which is both untapped and full of potential.
Download Banking on Machine Data to learn:
How organizations...
Digital transformation (DX) continues to drive growth across financial services firms, creating new opportunities to increase revenue and foster innovation. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity....
Email is Insecure
Boards of directors need effective communication and collaboration in order to reach their goals and fulfill the mission of the organization. Unfortunately, this puts corporate secretaries, general counsels and main board administrators under a lot of pressure to manage, secure and govern board...
Banks have a new tool available for developing cyber risk management programs. In an interview, architects of the Financial Services Sector Cybersecurity Profile, Denyette DePierro and Josh Magri, describe how to use it. They'll offer more details at ISMG's Legal & Compliance Summit in New York on Nov. 15.
New research has found that 74% of business customers think banks use machine learning and artificial intelligence to spot money laundering. In reality banks rely on human investigators to manually sift through alerts - a hard-to-believe fact selected only by 31% of respondents. This lack of automation and modern...
The U.K.'s National Cyber Security Center incident response teams have investigated more than 1,000 significant incidents in the past two years, the majority of which trace to nation-state attackers, officials say.
Banks are working harder than ever to address the threats posed by money launderers, fraudsters and cyber attackers. Often, these three groups are one and the same.
Wouldn't it make sense for the teams in your bank facing these threats to work together more closely? We think the answer lies in an intelligence-led...
Building Security in Maturity Model, BSIMM: What is it and How Your Organization Can Leverage the Data
Do you ever wonder whether your software security program is the correct one for your organization? You spend time and money on processes, technology, and people. But how do you know whether the security efforts...
Email security in the era of the cloud is a critical concern for business leaders. This tool is a powerful way for businesses and services to communicate with their customers. From transaction notifications to billing statements to social media updates, email is a proven reliable and effective way for businesses to...
Digital transformation has made it increasingly easy for consumers to switch institutions at the least provocation.
But leaders like Capital One, Guardian Life, and Goldman Sachs are embracing change and moving to the cloud. They're creating great customer experiences - and fighting churn - by integrating email into...
Over the past year, financial services organizations have seen an 87% increase in credential leakage, 149% increase in stolen credit cards, 151% increase in cyber-attack indications, and a 48% increase in fake social media accounts. In addition, state-sponsored APT groups with little to no financial motivation have...
Compliance regulations such as SWIFT and GDPR can be challenging to understand and implement. Many of these regulations have cybersecurity requirements that are focused on protecting critical banking infrastructure with aggressive timelines - and without disrupting the very business-critical systems you're trying to...
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