Insurance claims being filed by ransomware victims are growing as criminals continue to hit businesses with crypto-locking malware. To avoid these claims, organizations can take a number of proven steps to better protect themselves, says Payal Chakravarty of Coalition.
Police in Nigeria this week arrested a 37-year-old man who's been charged with masterminding "a criminal syndicate tied to massive business email compromise and phishing campaigns," Interpol says. But with known BEC losses last year exceeding $2.4 billion, will the arrest have a noticeable impact?
Since at least the middle of last year, online attackers have been increasingly targeting the financial services sector.
So warns John Fokker, principal engineer and head of cyber investigations for the Advanced Threat Research group at cybersecurity firm Trellix. He says Trellix's latest threat assessment found a...
Financial services firms lose an average of $18.5 million per year through malicious activity like leaked credentials, payment fraud, money laundering, fake account registration, loyalty abuse, and more. Fraud prevention depends on effective intelligence gathering, and few firms have the tools or personnel to...
Welcome to ISMG's compendium of RSA Conference 2022. The 31st annual conference covered a wide range of topics including cybercrime, cyberwarfare, zero trust, supply chain risk, ransomware, OT security, cyber insurance and jobs. Access 150+ interviews with the top speakers and influencers.
Among the many challenges of increased virtual work is content findability. Excessive searching hinders productivity, disrupts workflows, and causes frustration among your teams. A unified search solution that finds content across all your different sources is a critical tool for remote work environments. And not only...
Never have global financial institutions
faced such adversaries. The cybercriminal gangs now wield tools that
used to be the province of nation-states, and the nation-states now
engage in activities that once were owned by cybercrime. Scams
and schemes including account
takeover, denial of service and ransomware...
From the billions pumped into unemployment and other economic relief programs during the pandemic to competitive marketing campaigns designed to increase customer acquisition, fraudsters have never had a better incentive to commit new account fraud. This session will highlight the problems financial institutions are...
VMware's Tom Kellermann is out with Modern Bank Heists 5.0, his latest look at the attackers and attacks targeting financial services. Subtitled "The Escalation," this report looks at the increase in destructive attacks, ransomware and hits on cryptocurrency exchanges. Kellermann shares insights.
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...
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.
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.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing careersinfosecurity.com, you agree to our use of cookies.