finance

Network Security

Issued by: Help Net Security

For the last 50 years, the fundamental and largely unchanged model for identifying and authenticating users has been based on the combination of a username and password, sometimes augmented with “second factor” techniques. While this approach has mostly served financial and other high-security industries well, it’s increasingly shown to suffer from five drawbacks: 1. Complex…

Application Security

Issued by: Help Net Security

How mobile use cases in financial services are affecting security

Financial services organizations are increasingly exposed to cyber threats, according to Wandera. The report “​Mobile Security in the Financial Services​,” includes analysis of six months of security data from 225 financial services customers with 50,000 devices collectively under management. Notable findings There were 4.7 million events across the subset of devices analyzed over the 6-month…

Network Security

Issued by: Help Net Security

The financial impact of ransomware rose by 60%, losses from business email compromise (BEC) doubled, and cryptojacking incidents more than tripled, all despite the fact that overall breaches and exposed records were down in 2018, according to Internet Society’s Online Trust Alliance (OTA). The data shows that cybercriminals are getting better at monetizing their activities,…

Cloud Security

Issued by: Help Net Security

Worldwide spending on public cloud services and infrastructure will more than double over the 2019-2023 forecast period, according to IDC. With a five-year compound annual growth rate (CAGR) of 22.3%, public cloud spending will grow from $229 billion in 2019 to nearly $500 billion in 2023. “Adoption of public (shared) cloud services continues to grow…

Network Security

Issued by: Help Net Security

Only 12% of banks appear to be fully committed to digital transformation

The US$1 trillion that traditional retail and commercial banks have invested globally over the past three years to transform their IT operations has not yet delivered the anticipated revenue growth, according to a new report from Accenture. The report — “Caterpillars, Butterflies, and Unicorns: Does Digital Leadership in Banking Really Matter?” — analyzed more than…