Cyber security threats are a daily concern for all financial organizations as hackers are constantly searching for ways to compromise your firm’s systems and steal its data. And just when you think you’ve seen the worst, another mega breach comes along to raise the bar. It’s a jarring, but accurate reality for many financial firms. ... More »
2017 is shaping up to be a big year for cyber security in the financial services industry. In the past year, an 81-million-dollar mega-breach on the Bangladeshi banking system prompted financial regulators to crack down on non-compliant firms. The New York Department of Financial Services proposed first-of-its-kind legislation mandating security standards for financial groups, and ... More »
In cyber security, 2016 was a year for breaking records, venturing into new frontiers, and grabbing the international spotlight. Regrettably though, it’s the cyber criminals and their nation-state sponsors who will be celebrating these achievements, as the scale and impact of their breaches reached new and alarming heights. Meanwhile, government agencies and private sector firms ... More »
From account numbers and personally identifiable client information to investment algorithms and trade secrets, financial firms have an awful lot of data to protect. And any firm would agree that best outcome of their cyber security efforts is to prevent unauthorized access of this data. Unfortunately, even financial institutions with state-of-the-art cyber defense programs in ... More »
After cautioning the financial sector about the critical threat hackers pose, the SEC is facing something of an ironic turn of events. The agency, along with the Commodity Futures Trade Commission, are increasing demands for data from financial organizations, for the purpose of closer monitoring. Financial firms and industry trade groups, however, have responded with ... More »