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Guest Post: Digital Technology Is Transforming Banks

Security Industry Association

Within the financial and banking sectors, digital transformation has become synonymous with the increasing shift toward mobile and online banking, as well as the widespread adoption of cloud-based services to enhance customer engagement and streamline internal operations.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. ” You can outsource the activity to the vendor but not the risk.

Banking 98
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The CISOs Guide to Storage & Backup Cyber Resiliency

Solutions Review

Despite implementing vulnerability management, extended detection and response (XDR), threat monitoring, security information and event management (SIEM), and other technologies, they always seem to be one step behind the cybercriminal fraternity. This can lull storage admins, infrastructure managers, and CISOs into a false sense of security.

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How to prevent identity theft: Tips for a safer online presence

Online Computers

To help prevent identity theft, follow these strategies: Create strong and unique passwords Passwords are typically used to protect email, banking, and social media accounts. Be cautious about sharing sensitive information online, such as your bank account and Social Security number.

Banking 52
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Money at Risk: Finance & Data Security in the Digital Age

NexusTek

Recent research focusing on threat activity in 2022 revealed that distributed-denial-of-service (DDoS) attacks have become the biggest threat to financial services businesses. Getting a sense that their bank, lender, or investment firm has weak security can drive customers to close their accounts and switch to a competitor.

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When You Can’t Rely on a Crystal Ball, Elevate and Invest in Resilience

Fusion Risk Management

Where are my vulnerabilities? Organizations that embrace, invest in, and elevate resilience as a strategic priority are able to more proactively sense issues, analyze vulnerabilities, and adapt to the evolving environment. This is exactly what recently happened with TSB Bank and Applied Materials. Where are my strengths?

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Zero-Days Are Here to Stay: Here's How You Can Prepare

FS-ISAC

More than six months since Log4j made the headlines, the threat of zero-day exploits, or previously unknown vulnerabilities, looms large over the heads of business leaders and cybersecurity teams. For one, not everyone has the resources to quickly address vulnerabilities. Unfortunately, zero-days are inevitable.