Banking Security


Survey: 77 Percent of Financial Organizations Experienced Cyberattack in Last 12 Months

Netwrix, a cybersecurity vendor that makes data security easy, recently revealed additional findings for the financial, banking and accounting sector from its survey of 1,610 IT and security professionals from more than 100 countries. According to the report, within the last 12 months, 77% of financial organizations detected a cyberattack, compared to 68% among other industries. Phishing and ransomware were the most common types of attacks across all sectors.

New Research Shows Ransomware Attacks Resurge with Victims Doubling in 2023

New Research Shows Ransomware Attacks Resurge with Victims Doubling in 2023

Black Kite, provider third-party cyber risk intelligence, recently released its highly anticipated report, “Ransomware Threat Landscape 2023: Ransomware Resurgence”.

Making a Great Digital First Impression

Making a Great Digital First Impression

Onboarding customers digitally is a challenging juggling act for banks. Prospective customers will abandon the process if it doesn’t meet their expectations for an easy experience.

4 Ways VMS Implementation Can Transform Financial Institutions

4 Ways VMS Implementation Can Transform Financial Institutions

We’re in a world that’s becoming increasingly digital and financial institutions are no exception to that transformation. While the local branch can still directly manage money transactions or help a customer cash in rolls of quarters, more banks are leveraging technology that enables customers to engage with their banks using ATMs and apps for their money management.

Accelerating Security Modernization

Accelerating Security Modernization

In recent years, the term “digital transformation” has been one of the most frequently used buzzwords across industries. On its most basic level, it refers to the reimagining of how an organization leverages its technology systems to improve business processes.

Money in the Bank

Money in the Bank

We have all read or heard about incidents of cybercrime targeting government and commercial entities to compromise services or harvest information. As you can image, financial institutions are a primary target for attack.

The Threat from Within

The Threat from Within

Just as banks use every tool at their disposal to maximize revenue opportunities and manage their ledger, they must take the same approach when it comes to security.

Turning to technology as safe and trustworthy passwords

More Secure Banking

To be successful in financial services, banks, investment firms and other institutions need to prove to their customer base that they are safe and trustworthy. Yet many still rely on passwords, PINs and other knowledge- based authentication factors—which are not only unreliable, but also insecure.



fbi front

FBI Warns Financial Institutions To Beware of Coronavirus-Related Scams

Business email compromise attacks continue to be effective, tricking victims into transferring funds to fraudulent accounts.

A Measured Approach

A Measured Approach

The threat landscape continues to evolve for every business. But banks and financial services companies face especially urgent demands.

department of justice

Justice Department Indicts 80 People in Massive Online Fraud and Money Laundering Scheme

Two Nigerian citizens are accused of leading a massive fraud scheme that transferred at least $6 million in fraudulently-obtained funds, much of whom was taken from elderly people.

capital one building

Alleged Capital One Hacker Stole From More Than 30 Other Organizations, Prosecutors Say

In a search of Paige Thompson’s home, federal agents found servers holding stolen data from other companies and an “arsenal of weapons” belonging to her roommate.

capital one card

Capital One Breach Jeopardizes Data of Over 100 Million People

A lone attacker is accused of stealing personal information that included bank account numbers and Social Security numbers.

equifax logo

Equifax Will Pay At Least $650 Million In Settlement Over 2017 Data Breach

The credit-reporting agency will pay at least $300 million to victims. But it may be difficult for consumers to prove direct losses from identity theft.

Computer Science Student Shows Venmo Transactions Can Be Easily Acquired

Computer Science Student Shows Venmo Transactions Can Be Easily Acquired

A year after a privacy researcher showed the world that Venmo transactions could be easily accessed, a computer science student scraped seven million Venmo transactions to increase awareness of the issue.

Simplify, Automate and Modernize

Simplify, Automate and Modernize

The banking market continues to evolve due to the growing use of mobile devices, as more branch operations aim to enhance convenience and service for the customer.

How Safe Are Bitcoin ATMS?

How Safe Are Bitcoin ATMS?

As its evangelists work day and night to popularize digital currencies, Bitcoin ATM machines are popping up to help the unbanked and underbanked have access to the leading cryptocurrency.

HSBC Bank Discloses Security Incident

HSBC Bank Discloses Security Incident

"HSBC became aware of online accounts being accessed by unauthorized users between October 4, 2018 and October 14, 2018," the bank wrote in a data breach notification letter submitted to Californian authorities.

Global Payment Companies Test Data Security Readiness

Global Payment Companies Test Data Security Readiness

Eighteen payment processors from the U.S. and U.K. tested their systems for cyber attacks.

Cash In Transit

By definition, cash-in-transit (CIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another.

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