?? Dive into Spreedly's innovative payment security with our CTO, Mike Rivers, as he outlines our multilayered defense approach in the PYMNTS "What’s Next in Payments" series. Learn how our open payments platform can future-proof your payment environment. Highlights: Defense-in-Depth: Multi-layered security safeguards against various threats. Open Payments Strategy: Boosts flexibility and incorporates advanced security tech. ?? Explore how our security solutions give you a competitive advantage: https://bit.ly/3AtFYsA #PaymentSecurity #Fintech #OpenPayments #SpreedlyInsights #DigitalPayments
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?? Bank of America alerts customers about a data breach following a vendor hack. This incident highlights the critical importance of vendor security management in protecting customer information. Stay informed on best practices to safeguard sensitive data in the interconnected world of banking and finance. #DataBreach #BankOfAmerica #VendorSecurity #CyberSafety"
Bank of America warns customers of data breach after vendor hack
bleepingcomputer.com
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?? Security Alert ?? Following the recent breach at Bank and Trust, it's crucial to monitor your financial activity closely. If you receive suspicious calls, texts, or emails asking for sensitive information, be extra cautious. #SecurityAlert #DataBreach #StaySafe #CyberSecurity #PhishingAwareness #FinancialSafety
Evolve Bank confirms data breach after brazen LockBit claims
therecord.media
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Financial institutions and their customers face an increasingly complicated fraud environment, with AI-generated fraud, deepfakes, and a sharp increase in check fraud. How do we combat these threats? By implementing improved cybersecurity practices and habits and leaning into technological advancements.
Report Shows AI Fraud, Deepfakes Are Top Challenges For Banks
infosecurity-magazine.com
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Financial institutions and their customers face an increasingly complicated fraud environment, with AI-generated fraud, deepfakes, and a sharp increase in check fraud. How do we combat these threats? By implementing improved cybersecurity practices and habits and leaning into technological advancements.
Report Shows AI Fraud, Deepfakes Are Top Challenges For Banks
infosecurity-magazine.com
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"Even if a victim organization pays the ransom demand or decides not to pay and can restore systems via other means like backups, there is no guarantee that their stolen data will be secure or that the attackers will not simply make additional extortion demands by threatening to leak the data or sell it on the black market." Halcyon CEO Jon Miller sat down with Louis Columbus to discuss the latest attack against the U.S. Treasury, highlighting how data exfiltration can create a larger issue for victim organizations than the initial ransomware payload. More below via VentureBeat. #ransomeware #cybersecurity
LockBit's latest attack shows why fintech needs more zero trust
https://venturebeat.com
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Protecting our financial transactions is more important than ever. With online transactions booming as over 2.71 billion people have shopped online in 2024, digital security has become crucial as bad actors evolve their tactics. Our CTO, Marcel Wendt, shared insights with Finance Derivative on how cutting-edge digital identity solutions can safeguard against these growing threats. Discover more here: https://lnkd.in/gr-VuasU #CyberSecurity #Digidentity #Fintech #DataProtection
Digital Identity: Safeguarding Finance from Fraud - Finance Derivative
https://www.financederivative.com
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Bank of America warns customers of data breach after vendor hack Bank of America is warning customers of a data breach exposing their personal information after Infosys McCamish Systems (IMS), one of its service providers, was hacked last year. #Infosys #IMS #BankOfAmerica #BofA #banking #finance #fintech #databreach #lockbit #ransomware #malware #security #cybersecurity #hackers #hacking #hacked
Bank of America warns customers of data breach after vendor hack
bleepingcomputer.com
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?? DEEPFAKE FRAUD??! ?? Deepfakes are no longer just a novelty—they’re a growing threat to the financial sector, with fraud skyrocketing by 3,000% in 2023 alone. Imagine a fake video call from your CEO convincing you to transfer millions... Sounds impossible? It’s happening. Discover how these AI-driven scams are set to shake up banking in 2024 and what financial institutions must do to stay ahead. Don’t let your bank be the next victim. Read the full article on our website to learn more about the urgent steps your organization needs to take to safeguard against this emerging cyber threat. Read more to protect your future: https://lnkd.in/ddkk7xxn #DeepfakeFraud #BankingSecurity #CyberThreats2024 #FinancialFraud #AIinBanking #CyberSecurity
Navigating the New Frontier: The Growing Threat of DEEPFAKE Fraud in Banking for 2024
https://quantyc.ai/blogs
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Evolve Bank & Trust has confirmed that almost 8 million people had their data stolen by the LockBit cyber-attack in late May. The company expects that number to increase as their investigation continues. They continued, estimating it took them around 4 months to identify they had been breached, despite having a “significant number of cybersecurity measures in place.” Evolve’s disclosure mentioned that SSNs, bank account numbers, and contact information for “most” of its customers and partners may have been affected, along with some of its own staff. Read more here: https://lnkd.in/gm7TQtW6 #databreach #cyberbreach #cyberattack #cyberdefense #cybersecurity #securityoperations #SOC #networksecurity #networkforensics #NDR #InfoSec #informationtechnology #IT #malware #ransomware #lockbit #finance #banking
Evolve Bank & Trust LockBit attack hit 7.6 million
theregister.com
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Today, March 12, marks a special moment in the history of the Internet: the birthday of the World Wide Web. This milestone symbolizes the advancement of modern technology but also underscores a pressing concern: financial scams in the online realm. In our increasingly digital world, transparency and control online are more vital than ever. Addressing financial crimes requires a comprehensive approach that recognizes the risks and challenges across the internet ecosystem and specific web-based interactions, enabling robust, real-time threat detection ? Curious about safeguarding against financial crimes? Dive into our latest blog for insights?? https://lnkd.in/gk2RFGRb Together, let's secure a safer digital future for all. Join us in our commitment to safeguarding the World Wide Web against financial scams. ? #WWW35 #WorldWideWeb #Cybersecurity #FraudPrevention
Safeguarding Against Financial Crimes: The Crucial Role of Data Privacy for FIs
https://lynxtech.com
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