NexusTek

APRIL 19, 2023

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.

Financial Services 94

Financial Services Security Banking Cybersecurity 94

Castellan

MAY 26, 2022

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Cause catastrophic consequences and unacceptable harm to your most vulnerable customer(s)?

Resilience 52

Resilience Financial Services Business Services Banking 52

Security Industry Association

DECEMBER 29, 2023

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

Banking Technology Financial Services Marketing 52

FS-ISAC

JUNE 30, 2022

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.

Vulnerability 52

Vulnerability Cybersecurity Financial Services Malware 52

FS-ISAC

MARCH 2, 2022

However, while quantum computing may still be in early stages of development, there are several other quantum technologies already in use that are relevant for CISOs in financial services. Infinitely more powerful computers would transform our entire technology infrastructure, especially in financial services.

Financial Services 98

Financial Services Technology Internet Fashion 98

Fusion Risk Management

FEBRUARY 7, 2023

If you ask most resilience students or apprenticeship trainees what their ultimate career goal position might be, heading up the global resilience team for financial services market leaders would likely be high up there. However, once you have reached those lofty echelons, you have a massive challenge on your hands.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 52

Solutions Review

JUNE 16, 2023

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

Backup Audit Retail Vulnerability 52

Pure Storage

OCTOBER 13, 2023

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 investments can I make now to protect my enterprise from wiperware?

Malware 52

Malware Disaster Recovery Financial Services Backup 52

Fusion Risk Management

JANUARY 24, 2023

This past year, we also saw increased interest from organizations outside of banking and financial services in learning how to apply operational resilience concepts within their programs. In 2023, we will continue to see more non-financial services companies adopt operational resilience concepts and frameworks.

Resilience 52

Resilience Financial Services All-Hazards Disaster Recovery 52

Solutions Review

JANUARY 18, 2024

While ‘ephemeral messaging’ penalties were admittedly a new proposition, the size of the levy should have drawn a line in the sand and led to a tectonic shift in compliance procedures for financial services organizations. ” This statement, and the consistency it justifies are not surprising.

Financial Services 52

Financial Services Communications Disaster Recovery Banking 52

FS-ISAC

MARCH 2, 2022

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.

Financial Services 52

Financial Services Outage Marketing Communications 52

Fusion Risk Management

DECEMBER 21, 2022

Additionally, operating in a global environment leaves manufacturers vulnerable to the results of geopolitical tensions. Unlike financial services firms , manufacturers do not have a strict regulatory framework that defines the minimum viable standards of an operational resilience program. Build Resilience.

Manufacturing 102

Manufacturing Cyber Resilience Resilience Pandemic 102

FS-ISAC

NOVEMBER 8, 2021

The rapid digitization in financial services as well as the new ways of working spawned by the pandemic have created new risks that either did not exist or were not material before. Regulators are placing more scrutiny on CISOs in financial services; in many cases, holding them personally accountable.

Cybersecurity 75

Cybersecurity Financial Services Risk Management Benchmark 75

LogisManager

MAY 9, 2023

To better understand your risk management program’s vulnerabilities and areas that need improvement, take the Risk Maturity Model Assessment. With ERM it is a straightforward exercise to combine the job of vendor due diligence and the job of security access rights reviews to reduce costs without creating vulnerabilities.

Banking 98

Banking Risk Management Management Corporate Governance 98

Castellan

OCTOBER 18, 2021

There is a lot of value, for example, on increasing focus on our supply chains, similar to some of the new guidance and requirements coming out for the financial services industry. Again, it’s that shift in focus from the “if” to “when,” but what can we do to decrease the likelihood of that “when?”. Moving Beyond Traditions.

Business Continuity 52

Business Continuity Resilience Financial Services Pandemic 52

MHA Consulting

NOVEMBER 3, 2022

Because technology is vulnerable to disruption—and disruptions are on the rise—every organization should devise manual workarounds for its critical business processes. It’s relevant for financial services, consumer businesses, manufacturing—everyone. It’s widely assumed that technology has made manual processes obsolete.

Outage 52

Outage BCM Internet Healthcare 52

FS-ISAC

NOVEMBER 8, 2021

BBVA is member of several cybersecurity associations, such as the European Banking Federation, Institute of International Finance, European Financial Services Roundtable, and FS-ISAC. Effective and efficient sharing of intelligence is also critical. Talk about your partnership with Google Cloud on Chronicle.

Security 52

Security Banking Cybersecurity Marketing 52

Solutions Review

SEPTEMBER 9, 2021

Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Platform: Archer IT & Security Risk Management.

Risk Management 98

Risk Management Management Audit Hospitality 98

Fusion Risk Management

MAY 12, 2022

The quantity of data can no longer be manually monitored, used to provide useful vulnerability reports, or used to provide intelligence for the crisis management teams when responding to disruptions. This degree of scenario testing helps to highlight further vulnerabilities. Decision-making assumptions are where we could fail.”.

Failover 52

Failover Resilience Crisis Management Mitigation 52

Reciprocity

AUGUST 18, 2022

Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size. A critical step in any ERM program is an assessment of your enterprise’s vulnerabilities. Step 2: Assess the Risks.

Risk Management 52

Risk Management Management Mitigation Strategic 52

LogisManager

MAY 20, 2021

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. Steven is a frequent speaker in the Energy , Financial Services and Cyber industries.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

MARCH 28, 2022

Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by the Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size. A critical step in any ERM program is an assessment of your enterprise’s vulnerabilities. Step 2: Assess the Risks.

Risk Management 52

Risk Management Management Mitigation Strategic 52

FS-ISAC

MAY 25, 2021

As I think about the future of the financial services sector, I see the need to continue to build alignment on global regulations, frameworks and assessments that govern it. This requires common understanding between our first lines of defense, our key decision makers, government officials and the regulatory community.

Cybersecurity 52

Cybersecurity Education Security Financial Services 52

Reciprocity

DECEMBER 19, 2022

When vulnerabilities or violations are discovered through monitoring and audits, make a prompt and consistent effort to address the problem. Create a strategy for enforcing standards of behavior in a timely way, defining suitable disciplinary consequences for workers who fail to meet program criteria. Take appropriate action.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

APRIL 4, 2022

Vulnerabilities. Signs that your organization was a victim of a cybersecurity attack, data found online or in the dark web, login attempts, fake social media accounts, scams posing as coming from your organization (which can be a precursor to customer phishing), and other anomalies including social engineering. Data loss or leaks.

Mitigation 52

Mitigation Cybersecurity Malware Media 52

LogisManager

JUNE 24, 2021

And if they have a vulnerability, they want that company to be transparent about it and share how they’re addressing it. Steven is a frequent speaker in the Energy , Financial Services and Cyber industries. Similarly to SOX, these enforcements have spread to trade and regulatory associations across the globe.

Government 59

Government Banking Pandemic Risk Management 59

FS-ISAC

MAY 25, 2021

Financial institutions and their partners and suppliers are constantly fighting the growth of malware attacks, specifically Ransomware-as-a-Service, which has proven to be extremely profitable for attackers. but not necessarily directed at financial institutions alone - it is one of the biggest threats we face.

Cybersecurity 52

Cybersecurity Malware Risk Management Security 52

Pure Storage

FEBRUARY 7, 2022

The statistics are quite shocking, to say the least: According to the New York Fed , financial institutions are subject to as many as 300x more cyberattacks per year than any other sector. More than one-third of financial services organizations surveyed by Sophos , a British security firm, were hit by ransomware in 2020.

Banking 88

Banking Financial Services Backup Internet 88

Fusion Risk Management

DECEMBER 12, 2022

While financial services firms as well as technology and data service providers are accelerating their journey due to new and evolving regulations, it does not change the fact that resilience is everyone’s job – no matter what industry you’re in. Of those processes, which ones are the most critical?

Resilience 52

Resilience Financial Services Risk Management Business Services 52

Reciprocity

SEPTEMBER 30, 2022

In the healthcare industry, attackers often leverage third-party vulnerabilities to access sensitive information, while defenders try to keep these bad actors out. Since medical devices usually have long lifecycles, they have been in service for years with outdated software or operating systems. Is firewall protection used?

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Erwood Group

MARCH 30, 2023

Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies. SVB relied heavily on the technology industry, which made it vulnerable to market fluctuations. These startups were largely vulnerable to market downturns and volatility.

Banking 59

Banking Impact Analysis Risk Management Marketing 59

Reciprocity

APRIL 4, 2022

So would a zero-day attack, in which hackers exploit a previously unknown vulnerability. Security risk assessments are essential not just for cybersecurity but also for regulatory compliance. For example, the Health Information Portability and Accountability Act (HIPAA) requires periodic security risk assessments. Medium Priority.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

AUGUST 15, 2022

While it’s easy to assume that a CMS focuses on how your financial institution protects customers and avoids money laundering, market transactions are increasingly digital, using technologies vulnerable to unauthorized access. Therefore a CMS should focus on protecting data and responding to consumer complaints.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

DECEMBER 27, 2022

A GRC tool displays all relevant GRC information (such as audit results, risk assessments, vulnerability scans, and penetration tests) in one place and in a user-friendly format, making it easy to share and take appropriate action. Centralized Policies, Controls, and Results. Improved Coordination.

Government 52

Government Audit Risk Management Disaster Recovery 52

Castellan

JUNE 10, 2021

While small businesses and medium-sized businesses (SMBs) may be the most vulnerable to attacks, healthcare, government, energy, higher education, and critical infrastructure are squarely in attackers’ crosshairs. No industry is immune.

Resilience 52

Resilience Healthcare Cybersecurity Impact Analysis 52

Reciprocity

AUGUST 24, 2022

ROAR (Risk Observation, Assessment, and Remediation) identifies vulnerabilities, analyzes policies and procedures, helps to assure that monitoring and other controls are working as they should, and strengthens compliance with various frameworks. Many Needs, One Solution. Features include: Direct integrations with critical third-party apps.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Vulnerability Vigilance: Regularly scan your APIs for vulnerabilities and patch them promptly. A risk assessment shows organizations what their architecture looks like, their vulnerabilities, and more.

Authentication 142

Authentication Security Cybersecurity Government 142