Financial
Financial impact of cybercrime
The financial strain on businesses is growing at an alarming rate, largely as a result of escalating cybercrimes. The financial implications of cyberattacks are becoming impossible to ignore. The increasing frequency and sophistication of these threats demand a more strategic approach to cybersecurity investment, yet many organisations continue to underestimate the financial consequences of a […]
CYBER THREATS: THE FINANCIAL SYSTEM’S TOP RISK
This post was originally published by (ISC)² Management. With cyber attacks against financial and banking institutions now a daily occurrence, cyber threats have become the biggest risk to the global financial system, according to Federal Reserve Chairman Jerome Powell. Read more here: https://blog.isc2.org/isc2_blog/2021/04/cyber-threats-the-financial-systems-top-risk.html Photo:rt3thinktank.com
NY DEPARTMENT OF FINANCIAL SERVICES BRINGS FIRST ENFORCEMENT ACTION UNDER ITS CYBERSECURITY REGULATION
This post was originally published by (ISC)² Management. On Tuesday, July 21, 2020, the New York Department of Financial Services (NYDFS) announced that it has brought its first enforcement action pursuant to the NYDFS Cybersecurity Regulation against a large title insurer, First American Title Insurance Company (“the Company”), alleging multiple failures to protect their consumers’ […]
Financial Services: Counting on CASBs
This post was originally published here by Will Houcheime. Financial institutions handle a great deal of sensitive data and are highly conscientious of where they store and process it. Nevertheless, they are aware of the many benefits that they can gain by using cloud applications. In order to embrace the cloud’s myriad advantages without compromising […]
FedEx repents for not having Cyber Insurance against Cyber Attacks
FedEx, an American multinational Courier delivery service has openly confessed to media sources that it now repents for not having a cyber insurance cover for its digital assets against cyber attacks. The confession was made as soon as the company learned that the disruption in services of its TNT Express unit following a cyber attack […]
