Andrew Rose, SVP, Chief Security Officer, Vocalink, a Mastercard Company, speaks about the role FS-ISAC plays in supplying Vocalink with threat intelligence, the type of strategic guidance they offer, the areas where we are seeing cyber threats such as social engineering, and what Mastercard is doing to counter these threats. Sponsored | what does this...
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The financial services industry may have better cyber defences than most but they can still be breached, as demonstrated by numerous high-profile cases. These include Travelex, the UK foreign currency dealer, which was infected with ransomware on New Yearâs Eve 2019, and forced to take its systems offline for weeks to prevent it spreading; and UniCredit, Italyâs...
Far from being on the decline, ransomware is a ‘rapidly evolving threat,’ with a rising number of attacks and new extortion tactics In a 2020 report titled “The Rise and Rise of Ransomware,” Financial Services Information Sharing and Analysis Center (FS-ISAC) found that while financial institutions remain resilient to ransomware attacks, they are not immune...
During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions. The BIS (Bank for International Settlements) has published a new paper describing the impact of the Covid-19 pandemic on cyber risk in the financial sector. Financial institutions have been at...
An information sharing group for the financial sector warned on Tuesday that banks will encounter growing danger this year from converging nation-state and criminal hackers, as well as supply chain risks and cross-border attacks. The report from the Financial Services Information Sharing and Analysis Center serves as a recap of threats the industry endured last year...
Julia is a partner with PwC Singapore’s Digital Regulatory Risk & Compliance practice. She is a risk and transformation specialist advising banks, wealth managers, capital markets intermediaries and non-FIs on digital transformation strategy and execution, risk & regulations, controls and governance. With over 20 years of experience, she has led core...
on Tuesday, April 13, 2021 at 12:04:54 am Teresa Walsh, Global Head of Intelligence, FS-ISAC, is of the opinion that nation state threat actors and cybercriminals are converging. She chats with Enterprise IT News about this and more. EITN: Please explain why you say nation state threat actors and cybercriminals are converging, especially since both parties have...
The Chinese general Sun Tzu said that if you know your enemy and you know yourself, you need not fear the outcome of a hundred battles. If he added that too much information about your enemy can be overwhelming, history does not record that. Knowing the enemy is no less important to the security operations centers (SOCs) at financial organizations than to Han Dynasty...
Originally published by Sysdig. Written by Anna Belak. Public cloud infrastructure is, by now, the default approach to both spinning up a new venture from scratch and rapidly scaling your business. From a security perspective, this is a brand new (well, by now more than a decade old) attack surface. “Attack surface” is a commonly used term that denotes the aggregate...