Financial institutions face two major network security related challenges while working to serve their customers: the constant demand to improve in order to successfully compete in the market and regulatory compliance.
Yet, when it comes to security, the InfoSec team often uses slow, manual (and error prone)...
Ransomware gangs keep innovating: Maze has begun leaking data on behalf of both Lockbit and RagnarLocker, while REvil has started auctioning data - from victims who don't meet its ransom demands - to the highest bidder. Thankfully, security experts continue to release free decryptors for some strains.
The prolific Maze ransomware gang has been tied to yet more attacks, including against Singapore-based defense contractor ST Engineering's North American subsidiary, VT San Antonio Aerospace. Separately, the ransomware gang breached systems at nuclear missile contractor Westech.
The Internet of Things (IoT) is opening up new opportunities for businesses and consumers, and is the linchpin of almost every digital transformation initiative. However, IoT also presents considerable security risks and challenges for organisations, specifically attackers impersonating a trusted device could conduct...
Organizations have undergone rapid network transformation in the last two months, and though the change has now stabilized into a new normal, new security concerns that affect an organization's overall risk often have not been addressed. Now that the dust has settled, many leaders are examining the transformation and...
API attacks are on the rise, and Gartner predicts that APIs will be the top threat vector by 2022. Roey Eliyahu, CEO of Salt Security, discusses the trend and how to build a more effective API security strategy.
Ransomware-wielding attackers are typically breaking into victims' networks using remote desktop protocol access, phishing emails or malware that's sometimes used in drive-by attacks against browsers, experts warn, advising organizations to make sure they have the right defenses in place.
The latest edition of the ISMG Security Report analyzes why cyberattacks against banks have surged in recent weeks. Plus: The increasingly ruthless tactics of ransomware gangs; cybersecurity strategies for small businesses.
Ransomware, wire transfer fraud, destructive attacks: In recent months, the financial sector has seen these and other online attacks surge by 238% as criminals continue to exploit the pandemic, warns Tom Kellermann of VMware Carbon Black, who shares findings from his firm's third "Modern Bank Heists" report.
The Future of Unified Workplace Access
A Vision for a Unified Physical Identity and Access Management for Financial Institutions Vision for a Unified Physical Identity and Access Management for Financial Institutions
Banks and financial institutions are undergoing a physical transformation and rebirth. As cyber...
You've read the daily headlines about security misfortunes of businesses and government organizations. The digital age (AKA the rising adoption of the internet, cloud apps, IoT, and even public WiFi) is creating an even easier playing field for cybercriminals. And the web traffic flowing through these new technologies...
APIs are increasingly being used to power new customer facing applications, connect with partners and drive microservices environments, but they also constantly expose and exchange sensitive data, making them an increasing target for attackers.
As with all things security there is no silver bullet to protect you...
Australian shipping giant Toll Group recently suffered its second ransomware outbreak of the year, with Thomas Knudsen, the company's managing director, branding the latest attack as being "serious and regrettable." But was it preventable?
Security experts and law enforcement officials have long argued that paying ransoms doesn't pay. For starters, it directly funds the cybercrime ecosystem and makes it attractive for criminals to keep launching ransomware attacks.
Australian shipping giant Toll Group has vowed to again not pay a ransom after suffering its second ransomware attack of the year. In the latest incident, however, the company warns that attackers also stole corporate data - and it may get leaked.