Banking & Finance August 30, 2023

Cost of a data breach 2023: Financial industry impacts

3 min read - According to the IBM Cost of a Data Breach Report 2023, the global average cost of a data breach in 2023 was $4.45 million, 15% more than in 2020. In response, 51% of organizations plan to increase cybersecurity spending this…

Intelligence & Analytics July 24, 2023

What’s new in the 2023 Cost of a Data Breach report

3 min read - Data breach costs continue to grow, according to new research, reaching a record-high global average of $4.45 million, representing a 15% increase over three years. Costs in the healthcare industry continued to top the charts, as the most expensive industry…

Banking & Finance May 3, 2022

SEC Proposes New Cybersecurity Rules for Financial Services

4 min read - Proposed new policies from the Securities and Exchange Commission (SEC) could spell changes for how financial services firms handle cybersecurity. On Feb. 9, the SEC voted to propose cybersecurity risk management policies for registered investment advisers, registered investment companies and…

Banking & Finance March 31, 2022

2022 Banking & Finance Security Intelligence Roundup

3 min read - The banking and finance industries deliver more services online now than ever before due to the pandemic. As a result, banking cybersecurity became more important than ever this year. Some of the threats to big data security in recent years…

Banking & Finance April 25, 2021

Self-Assessment: How Can You Improve Financial Services Cybersecurity?

6 min read - It’s common knowledge that threat actors target banks. Not only might these attackers want to directly steal money, by doing this they’re also hitting the customers and the trust in the bank. If a financial institution suffers a loss, even insurance…

May 5, 2020

EventBot Mobile Banking Trojan Could Infect Over 200 Financial Services Apps

2 min read - More than 200 personal finance apps are at risk of a mobile banking Trojan dubbed EventBot, which is designed to steal user data, security researchers warn.

Banking & Finance December 11, 2019

What Are the Risks of the IoT in Financial Services?

4 min read - The nature of financial business means that both the promise and the risks of the IoT in financial services are great.

Advanced Threats August 8, 2019

From Backhoes to Operating Systems: The Top Five ATM Security Weaknesses

6 min read - Here are the top five ATM security vulnerabilities that X-Force Red, IBM Security's team of veteran hackers, has uncovered during its many years of performing ATM penetration tests.

Banking & Finance July 26, 2019

How Prepared Is the Financial Services Sector to Respond to a Systemic, Global Cyberattack?

4 min read - Due to its interconnected nature, the financial services industry needs to prepare to respond to a systemic cyberattack that could impact its overarching infrastructure across borders.

January 8, 2019

Malvertising Campaign Delivers Vidar Information Stealer and GandCrab Ransomware

2 min read - Researchers have spotted a malvertising campaign that is delivering two payloads to victims: the Vidar information stealer and GandCrab ransomware.