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

NexusTek

However, the financial services industry faces unique challenges relative to customer expectations. The Facts: Financial Services Industry and Cyber Threats Year after year, cybersecurity research reveals the ugly facts. In 2020, the financial services industry was the #1 most targeted industry for cyberattacks 2.

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Guest Post: Digital Technology Is Transforming Banks

Security Industry Association

Elevated Customer Experience Competition in the financial services industry is intensifying, prompting banks and credit unions to prioritize the customer experience in order to stay ahead. By leveraging data insights, banks can make informed decisions and offer targeted financial solutions, further enhancing the customer experience.

Banking 52
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How To Demonstrate Storage & Backup Compliance A Practical Guide

Solutions Review

In addition, many of these standards require organizations to verify that they are carrying out their fiduciary responsibilities concerning Common Vulnerabilities & Exposures (CVEs). Many of the tools used to scan for vulnerabilities and security misconfigurations do a poor job in identifying storage and backup risks.

Backup 52
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What Is Wiperware? 10 FAQs

Pure Storage

Are there any specific industries or sectors that are more vulnerable to wiperware attacks? energy, financial services, and transportation) or sensitive and regulated data, like healthcare and financial services. What should I do if I’m the victim of a wiperware attack?

Malware 52
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Data Privacy Week 2024: The Definitive Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Transparency Matters: Open communication is vital.

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Strong Incident Response is Business-Critical

FS-ISAC

The rapid digitization of financial services in the last few years – both in products and operations – has led to an exponential rise in the number of incidents firms are dealing with – be they internal software bugs, third-party vendor vulnerabilities, or cyber attacks.

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The Colonial Pipeline Hack: Failure in Risk Management

LogisManager

For example, a forensic finding made during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach. Having multi-factor authentication also limits unauthorized users to access data. Asset Management. Data Governance.