According to Forgerock, the financial services industry suffered $6.2 billion in damage from cyberattacks in Q1 2019, up from $8 million in Q1 2018 — a 77,400 percent increase. HSBC, JP Morgan and PayPal are just a few of the financial institutions that have experienced data breaches. Even less established digital natives such as Monzo, […]
Posts Tagged ‘financial industry’
Last week, the Securities Industry and Financial Markets Association (SIFMA) ran Quantum Dawn IV to test the resiliency and response of the financial services industry to a major cyber incident. Today, a new CAST report on application security health (CRASH) highlights that finance has some of the worst code — in security terms — of […]
Category Vulnerabilities
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The financial services industry is ratcheting up its support of legislation that would set nationwide data security standards and require businesses to notify customers following a breach. The push coincides with an annual advocacy gathering of retailers, who oppose the bill. The National Retail Federation is hosting its annual Retail Advocates Summit in Washington, D.C., […]
Category Data loss
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