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8 results for tag Finance Security:

FTC Beefs Up Security Mandates For Financial Sector

The FTC has made changes to the Safeguards Rule aimed at securing consumer data in the financial industry.

FTC, Financial Services, Finance Security

FinCEN Warns of Evolving Ransomware Money Laundering Efforts

A Financial Crimes Enforcement Network (FinCEN) report showed cybercriminals switching up their money laundering efforts, in order to avoid detection by law enforcement.

Ransomware, Financial Services, Finance Security

Credit Union Sues Fintech Vendor for Security Lapses

Bessemer System Federal Credit Union is suing Fiserv for not fixing the security issues in its banking platform, and says that thousands of small banks and credit union using the same software don’t even know their customer data is also vulnerable.

Finance Security, Third Party Security, Risk

Mozambique’s Scheme to End SIM Swap Fraud

Mobile payments are very popular in African companies and SIM card fraud is a massive problem. At the Kaspersky Security Analyst Summit, CERT Mozambique discussed how the banks and mobile operators worked together to ensure thieves didn't loot customer accounts just by stealing phone number.

Fraud, Mobile Security, 2fa, Finance Security

Criminals Stole SEC Filings in Insider Trading Scheme

The Securities and Exchange Commission’s civil complaint outlining the details of an international insider trading scheme is an object lesson in how cybercriminals can monetize _any_ information, not just customer records or intellectual property.

Data Breaches, Finance Security, Insiders