Articles Tagged with ''bank cybersecurity''

With the help of artificial intelligence (AI), banks can offer better customer service while significantly enhancing the efficacy of their security. AI can assist in fraud detection efforts at large and small banks.

Trusted Computing Group (TCG) announced its commitment to strengthening the financial services industry against attack, as worldwide banking institution, Goldman Sachs, joins TCG in the fight for cybersecurity.

New proposed rule requires banks to notify regulators within 36 hours of a cybersecurity incident. Who is affected by this and how will it work?

The Reserve Bank of New Zealand (RBNZ) was hit by a cyber breach of one of its data systems, though it says the breach has been contained and main operations are secure.

The risk to the financial sector is extremely high, and due to the high value of financial data, cybercriminals are increasingly targeting customer banking credentials when carrying out attacks. Below, we speak to Robert O'Connor, Chief Information Security Officer (CISO) for Neocova Corporation, about the cybersecurity challenges within financial institutions and best practices to safeguard financial data and prevent attacks. 

By using a malware attack on the bank’s ATM server, hackers stole customer information and withdrew 805 million rupees in 14,849 transactions in just over two hours on August 11, mostly overseas.

How enterprises manage incidents outlines the strength and longevity of the business, and how they report vulnerabilities and adapt after a breach helps to stop incidents from reoccurring.

Late last year about 200 banks in New York took part in a cybersecurity “exam” in which they were made to respond in real time to questions about their cybersecurity policies and procedures. The test was designed to help the banks see how they compare with their peers in terms of being ready for attacks by cybergangs looking to break into their networks.