At the heart of digital transformation initiatives are the adoption of API-first strategies.
Financial services organizations are taking advantage of the power of APIs to adapt to rapidly changing business models, connect with strategic partners and meet new industry regulations and standards. Unfortunately, many...
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.
APIs ubiquitous in the enterprise today, being exposed to customers, partners and applications. But because they are relied on so heavily, they also are targeted by cybercriminals.
There are more attacks over APIs than on traditional web channels primarily because it's simply easier to attack these...
The average ransom paid by victims to ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, reports ransomware incident response firm Coveware, which sees the Sodinokibi, Ryuk and Phobos malware families continuing to dominate.
A quarter of financial institutions experienced at least one spear-phishing or business email compromise attack in 2019 where user credentials were compromised and/or fraud was committed. These attacks also often resulted in intellectual property and physical damage.
Yet, nearly half of institutions surveyed state...
The notorious carder marketplace Joker's Stash is advertising a fresh batch of 400,00 stolen payment cards issued by both South Korea and U.S. banks, warns Group-IB. It says that on average, stolen APAC payment card data sells for five times more than stolen U.S. payment card data.
The financial sector is more vulnerable than ever to stealthy and persistent cyber-attacks, especially as much of the industry workforce goes remote.
Join Justin Fier, Darktrace's Director of Cyber Intelligence and Analysis, as he deep-dives into the cyber risks that financial institutions now face, including...
APIs are ubiquitous in the enterprise today, being exposed to customers, partners and applications. But because they are relied on so heavily, they also are targeted by cybercriminals. Shreyans Mehta, co-founder and CTO of Cequence Security, discusses the API security challenge.
Russian authorities typically turn a blind eye to cybercrime committed by citizens, provided they target foreigners. But as the recent "BuyBest" arrests of 25 individuals demonstrate, authorities do not tolerate criminals that target Russians, and especially not anyone who targets Russian banks.
COVID-19: Modern society has never seen anything like it, and neither have financial markets. Venture capitalist Alberto Yépez analyzes the impact of the disease caused by the new coronavirus on public and private companies' valuations, as well as technology buyers and the threat environment.
With U.S. stock markets suffering their worst day since 1987 on Monday, most technology firms took a hit as Wall Street continues to be rattled by the COVID-19 crisis. Experts predict this will drive fresh waves of consolidation and M&A in the cybersecurity market, as well as growth in hot areas.
A poor customer experience and insufficient security in the account opening process has been shown to directly and negatively impact long-term customer loyalty, retention and profitability. So, how do you provide a better and more secure customer experience in the digital account opening process?
More than 100...
Wall Street has been hit by the twin threats of the new coronavirus as well as oil prices plummeting, with the Dow dropping 2,000 points on Monday for its worst day in 12 years. Amidst fears that a recession could tank the global economy, some experts still see upsides for the cybersecurity sector.
Provident Finanial Group is a FTSE 250 company, and - with 5,700 employees serving 2.4 million customers - Provident understands the strong expectation to work with thirdparties who respect their customer and employee information. New frameworks such as GDPR, recent data breaches, and increased customer expectations...
Cybercriminals targeted mobile banking users by sending malicious SMS messages to their smartphones as part of a phishing campaign to steal account holders' information, including usernames and passwords, according to the cybersecurity firm Lookout.