Senior security leaders within financial services companies are being challenged with a lack of trusted data to make effective security decisions and reduce their risk from cyber incidents, according to Panaseer. Results from a global external survey of over 400 security leaders that work in large financial services companies reveal concerns on security measurement and…

The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion. From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams. Overall, the percent of suspected fraudulent digital transactions rose 5% from March 11 to April 28 when compared to Jan. 1 to March…

There is a misalignment between data privacy regulation spending and business outcomes, according to Tanium research. Specifically, as businesses spend tens of millions on compliance, over 90 percent have fundamental IT weaknesses that leave them vulnerable and potentially non-compliant. The global study of 750 IT decision makers revealed that organizations have spent on average $70.3…

There have been significant changes in web attack and traffic trends as a result of COVID-19, according to Imperva. The monthly report also revealed that the Cyber Threat Index remains at a ‘high’ level and the financial services sector has been suffering the most from cross-scripting site (XSS) attacks, and a continued increase in attacks…

Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud, a CipherTrace report reveals. Cryptocurrency crime losses The lion’s share of those losses stem from the staggering growth of Ponzi schemes, exit scams, and misappropriation of funds crimes, the value of which rose 533 percent year over year….

There’s significant variation in DevOps maturation and security integration across the financial services, government, retail, telecom, and technology industries, according to Puppet’s report based on nearly 3,000 responses. “Integrating security into your DevOps practices can be challenging, but when done correctly is proven to pay off. Security should not be an afterthought; it must be…

Only 6% of all breaches in 2019 were suffered by financial services firms, according to Bitglass. However, these breaches compromised significantly more records than those that occurred in other industries. Leaked records and data breaches in the financial services industry In total, more than 60% of all leaked records in 2019 were exposed by financial…