In the latest weekly update, ISMG editors discuss how the Silicon Valley Bank crash will affect innovation in the cybersecurity space, why the SEC fined cloud provider Blackbaud $3 million for its "erroneous" breach details, and why the feds fined a web hosting firm in a kids' insurance site hack.
Silicon Valley Bank's sudden and unexpected demise left numerous cybersecurity startups facing insolvency. But their crisis has been averted: U.S. government officials announced that beginning Monday, insured and uninsured Silicon Valley Bank depositors will have access to all of their money.
Muath AlHomoud, CISO of Smart Digital Payment Company, in an interaction with Information Security Media Group, speaks about business challenges, cybersecurity landscape and privacy concerns facing the fintech industry in the Middle East region.
Banking Trojans, ransomware, fake finance apps programmed to steal data - the cybercriminal cartels have become more punitive in 2023, escalating destructive attacks on financial institutions. This is just one key finding of the annual Cyber Bank Heists report by Contrast Security's Tom Kellermann.
A salute to the career of Johnson & Johnson CISO Marene Allison leads this week's Information Security Media Group Editors' Panel, which also reviews essentials for implementing a zero trust strategy and the use of banking standards to regulate blockchain-based digital assets.
For Central Bank Digital Currency to gain mass popularity, it is important for the Reserve Bank of India to secure it in the right manner by having a strategy of continuous monitoring, two experts say. Blockchain, for example, will make it easy to build a token-based system.
While the threat surface is a continuously growing phenomenon, implementing a comprehensive security model secures financial sector organizations prevent reputational, financial and legal complications that emerge due to the exponential rise in cyber incidents and data breaches.
India is witnessing a huge demand for insurance products. A digital platform is discussed as a high priority, and it will increase the distribution of insurance products across the country. This platform will bring together sellers and buyers of insurance products.
With changes in customer behavior, digital risks are permeating beyond the extended perimeter of an enterprise. It is no longer possible for a CISO/CIO to manage it alone. Breaking the silos and creating a fusion center with multiple stakeholders is one of the ways to address this challenge.
All employees should consider upholding the security of the organization part of their job regardless of their official role at the company, says Equifax Business Information Security Officer Michael Owens. But creating an organization-wide cybersecurity culture is easier said than done.
The National Bank of Fujairah is on a tech-refresh path. Not only has it moved on to a service-oriented architecture but has also automated 50 processes to cater to the changing demands of its corporate and retail customers.
Earlier this year, the PCI Security Standards Council issued version 4.0 of PCI DSS. Two experts from Verizon, Ferdinand Delos Santos and Rokon Zaman, discuss the new requirements of the regulations and strategies for implementing them to reduce risk and improve an organization’s overall security.
While most technology leaders ignore audits, if done the right way, it can go a long way in reducing the overall cost, says Wayne Sadin, lead advisor at Via Group Partners.
Bulgarian fintech Rilla aims to give customers the freedom to manage their money with ease. Even the process of onboarding its customers is end-to-end digital.
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