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The risks from Cyber cime - Hacking - Loss of Data Privacy - Identity Theft and other topical threats - can be greatly reduced by implementation of robust IT Security controls ...
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As more and more details emerge in the wake of the Equifax breach, this should provide a perfect period of reflection for many companies, including those in the financial services sector - who still have a lot to learn about the handling of a major breach. With over 145 million Americans affected and reports of execs selling off stock before annou...
26 October 2017 /security
Paul Irvine Director, Major Accounts UK&I at Fortinet
It can often feel like cybercriminals are two steps ahead. The result is that security professionals are constantly creating and updating their security protocols to match the volume of equally sophisticated malware attack vectors being directed at them. This is especially true for cybersecurity in financial institutions, this is in part due to th...
18 October 2017 /ai /security
Businesses around the globe are becoming increasingly data-driven. This is largely due to the expectation of customisation of the user experience. Financial institutions, in particular have been able to use customer data and customisation in order to offer tailored services to their customers, such as loans or insurance, based on recent purchases ...
29 September 2017 /security /regulation
James Barret Senior Director at Endace: www.endace.com
Watching the Equifax debacle unfold has been a bit like watching a badly written coming of age story - just when you think it can’t get any worse, it does. The plot has certainly thickened as it has gone on, and last week, in seven short days we learned of the Apache Struts patch vulnerability neglect through to the latest development in Argentin...
18 September 2017 /security /regulation
Paul Dignan Global Technical Account Manager at F5 Networks
For financial institutions, the primary goal of digitisation is making banking simpler and more intuitive for customers. Biometric identification has huge potential, offering convenience, simplifying password management and providing a frictionless authentication process. However, combining the desire for ease of use with the need to improve secur...
08 September 2017 /security /retail
Financial services organisations are at an inherently greater risk of cyber attacks due to the sensitive nature of the data they store, and the monetary motivations of cybercriminals, they are keenly aware of the damage that can result from being a victim of a data breach. In 2016, the financial services sector was the most frequently targeted ind...
17 August 2017 /security
The rise in popularity of the Internet of Things (IoT) and a consumer desire to access valuable data on various devices has led to network security becoming increasingly complicated for financial services providers. As financial institutions transition their network security strategies to meet these consumer demands and grant greater individual acc...
15 August 2017 /security
Ben Knieff Principal Consultant at Outside Look
In the past day or two I’ve received a few alarming voicemails claiming potential legal actions and even threatening that the police will come to arrest me. Some claimed to be from the IRS, others were more vague. Anyone’s initial reaction is great concern – no one wants to be subject of a mysterious debt collection, a criminal investigation, or p...
11 July 2017 /security
Security teams and IT departments at large enterprises across all industries are faced with securing against an ever expanding attack surface daily. Previously, vulnerable points of entry used to live within the organisation’s walls, where firewalls and inline security tools could protect them. But as networks have evolved to accommodate the const...
16 June 2017 /security
It’s well known that the main trends currently driving change within the technology sector are the cloud, internet of things, mobility and big data analytics. While advances in digital business are simplifying and enhancing life for the consumers of financial services, organisations are faced with the challenge of these trends’ impact on the makeu...
28 April 2017 /security
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