Tag: finance
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New Nitrogen Ransomware Targets Financial Firms in the US, UK and Canada
Nitrogen, a ransomware strain, has emerged as a major threat to organizations worldwide, with a particular focus on… First seen on hackread.com Jump to article: hackread.com/nitrogen-ransomware-targets-financial-firms-us-uk-canada/
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Getting Better at Preventing Identity Theft
Why is Identity Theft Prevention a Vital Component of Good Security? Have you ever considered the potential cost of a security breach and the resulting identity theft? According to the Federal Trade Commission (FTC), identity theft affected 4.8 million people in 2020, resulting in a financial loss of a staggering $56 billion. This striking statistic……
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Breaches at Serviceaide, Nationwide Recovery Services expose medical info of more than 500,000 people
Hospitals tied to the two companies announced breaches over the last week involving Social Security numbers, financial information and sensitive health insurance data. First seen on therecord.media Jump to article: therecord.media/breaches-serviceaide-nationwide-medical-info
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AI is stirring mixed feelings among CFOs, survey finds
The research highlights a “trust gap between the untested promise of AI and the wariness of security and privacy risks,” finance software company;Kyriba;said. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/ai-is-stirring-mixed-feelings-among-cfos-survey-finds/748438/
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Millions at risk after attackers steal UK legal aid data dating back 15 years
Cybercriminals lifted info including addresses, ID numbers, and financial records from agency systems First seen on theregister.com Jump to article: www.theregister.com/2025/05/19/legal_aid_agency_data_theft/
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New ModiLoader Malware Campaign Targets Windows PCs, Harvesting User Credentials
AhnLab Security Intelligence Center (ASEC) has recently uncovered a malicious campaign distributing ModiLoader (also known as DBatLoader) malware through phishing emails. These emails, crafted in Turkish and impersonating a Turkish bank, urge recipients to open a malicious attachment under the guise of checking their transaction history. Inside the compressed RAR file lies a BAT script…
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Legal aid hack: data from hundreds of thousands of people accessed, says MoJ
Data including criminal records downloaded in ‘significant’ cyber-attack at Legal Aid Agency in April, ministry confirmsThe personal data of hundreds of thousands of legal aid applicants in England and Wales dating back to 2010, including criminal records and financial details, has been accessed and downloaded in a “significant” cyber-attack.Officials admit that the data may have…
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Investors and shoppers await clues on fallout from M&S cyber-attack
Retailer due to report annual results, with many focused on financial impact of hack and when online orders will restart Shoppers and shareholders will look this week to <a href=”https://www.theguardian.com/business/marksspencer”>Marks & Spencer to share more information about the impact of a damaging cyber-attack and whether the retailer can give clues on when it will be…
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AI regulation to commence once issues arise, says FTC chair
First seen on scworld.com Jump to article: www.scworld.com/brief/ai-regulation-to-commence-once-issues-arise-says-ftc-chair
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Breaking barriers: Solving AppSec challenges in financial services
First seen on scworld.com Jump to article: www.scworld.com/resource/breaking-barriers-solving-appsec-challenges-in-financial-services
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‘Would rather pay bounty than ransom’: Coinbase on $20M extortion attempt
Hackers are demanding a ransom of the same amount: According to the filing, the email communication by the threat actor demanded $20 million in exchange for not publicly disclosing the information. It remains to be seen how threat actors respond to Coinbase refusing to pay the ransom.”Coinbase’s decision to publicly counter-extort with a $20 million…
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FTC wants a new, segregated software system to police deepfake porn
The Republican chair told Congress that the agency will need specialized software, personnel and expertise to enforce the newly passed Take It Down Act. First seen on cyberscoop.com Jump to article: cyberscoop.com/ftc-take-it-down-act-deepfake-data-software-congress/
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Deepfake attacks could cost you more than money
In this Help Net Security interview, Camellia Chan, CEO at X-PHY, discusses the dangers of deepfakes in real-world incidents, including their use in financial fraud and … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/05/16/camellia-chan-x-phy-defending-against-deepfakes/
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Proofpoint Buys Hornetsecurity, A Microsoft 365 Security Specialist For $1 Billion
Cybersecurity giant Proofpoint has announced its agreement to acquire Hornetsecurity Group, a leading European provider of AI-powered Microsoft 365 security solutions. The deal, reportedly valued at $1 billion, is expected to close in the second half of 2025, although exact financial terms were not publicly disclosed in the announcement. This strategic move significantly strengthens Proofpoint’s…
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Building Confidence in Your Cybersecurity Strategy
Why is a Comprehensive Cybersecurity Strategy Essential? A robust cybersecurity strategy is no longer a luxury but a necessity. Whether it is financial services, healthcare, or travel, organizations are making significant shifts to the digital domain. It has become critical to safeguard sensitive data from threats and risks. But how can businesses build confidence in……
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FTC’s Ferguson tells lawmakers agency won’t regulate AI until after problems occur
His remarks echo recent comments Commissioner Melissa Holyoak made in her personal capacity during a speech at a privacy conference, but are a more significant indicator of the agency’s new position on the issue given that he was speaking to lawmakers on behalf of the agency. First seen on therecord.media Jump to article: therecord.media/ftc-ferguson-wont-regulate-ai-until-problems-arise
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Data on sale: Trump administration withdraws data broker oversight proposal
Tags: breach, compliance, data, data-breach, exploit, finance, framework, group, identity, infrastructure, law, military, privacy, regulation, theft, vulnerabilityPrivacy concerns escalate : Without these protections, data brokers can continue collecting and selling Americans’ sensitive personal information with minimal oversight. This data often includes Social Security numbers, financial records, location histories, and purchase patterns, leaving consumers vulnerable to identity theft and fraud. “Demographic groups already underserved by mainstream financial services”, low-income earners, elderly individuals, and racial…
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CFPB Quietly Kills Rule to Shield Americans From Data Brokers
Russell Vought, acting director of the Consumer Financial Protection Bureau, has canceled plans to more tightly regulate the sale of Americans’ sensitive personal data. First seen on wired.com Jump to article: www.wired.com/story/cfpb-quietly-kills-rule-to-shield-americans-from-data-brokers/
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Kollateralschaden im Cyberspace
Unerwartete Cyberbedrohungen können die Budgets für Cybersicherheit schnell aufbrauchen und sorgfältig geplante Strategien zum Scheitern bringen. Unter diesen Herausforderungen sind DDoS-Angriffe (Distributed Denial of Service) ein Paradebeispiel dafür, wie unerwartete Risiken selbst die sichersten Systeme stören können. Um den Ablauf eines solchen Angriffs zu erörtern, stellen wir uns als fiktives Beispiel eine Bank vor. Es…
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Horabot Malware Targets 6 Latin American Nations Using Invoice-Themed Phishing Emails
Cybersecurity researchers have discovered a new phishing campaign that’s being used to distribute malware called Horabot targeting Windows users in Latin American countries like Mexico, Guatemala, Colombia, Peru, Chile, and Argentina.The campaign is “using crafted emails that impersonate invoices or financial documents to trick victims into opening malicious attachments and can steal email First seen…
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Secrets Management That Fits Your Budget
Is Your Secrets Management Strategy Straining Your Budget? Organizations are on the lookout for budget-friendly secrets management solutions that provide robust security without causing financial strain. I believe that a comprehensive Non-Human Identities (NHIs) management approach could be the answer. Understanding NHIs and the Need for Budget-Friendly Security Management Non-Human Identities (NHIs) are the machine……
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Google adds suite of security features to Android 16
Google is rolling out new security features for Android devices as part of its latest operating system update, Android 16, reinforcing its ongoing efforts to guard users against ever-changing threats. The measures target a spectrum of risks, from financial scams and impersonation attacks to theft protection and malware. One of the central advancements highlighted Tuesday…
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How Can Fintech Companies Balance Innovation with Customer Protection?
Picture a world where your phone isn’t just a device, but a gateway to a financial revolution. The fintech industry is rewriting the rules of…Read More First seen on securityboulevard.com Jump to article: https://securityboulevard.com/2025/05/how-can-fintech-companies-balance-innovation-with-customer-protection/