Security in Banking and Finance - Security Intelligence

How the ZeuS Trojan Info Stealer Changed Cybersecurity

4 min read - Information stealer malware is a type of malicious software designed to collect sensitive information from a victim’s computer. Also known as info stealers, data stealers or data-stealing malware, this software is true to its name: after infecting a computer or…

March 30, 2023

2022 Industry Threat Recap: Finance and Insurance

5 min read - The finance and insurance sector proved a top target for cybersecurity threats in 2022. The IBM Security X-Force Threat Intelligence Index 2023 found this sector ranked as the second most attacked, with 18.9% of X-Force incident response cases. If, as…

February 7, 2023

How to Spot a Nefarious Cryptocurrency Platform

4 min read - Do you ever wonder if your cryptocurrency platform cashes in ransomware payments? Maybe not, but it might be worth investigating. Bitcoin-associated ransomware continues to plague companies, government agencies and individuals with no signs of letting up. And if your platform…

January 25, 2023

Kronos Malware Reemerges with Increased Functionality

6 min read - The Evolution of Kronos Malware The Kronos malware is believed to have originated from the leaked source code of the Zeus malware, which was sold on the Russian underground in 2011. Kronos continued to evolve and a new variant of…

December 9, 2022

Why Cybersecurity Risk Assessment Matters in the Banking Industry

4 min read - When customers put money in a bank, they need to trust it will stay there. Because of the high stakes involved for the customer, such as financial loss, and how long it takes to resolve fraud and potential identity theft,…

Cost of a Data Breach: Banking and Finance

4 min read - The importance of cybersecurity has touched almost every industry. Beyond that, robust cybersecurity is table stakes for several sectors, particularly health care and the banking and finance industry. Not only is financial data at risk, but so is customer trust. In banking and finance, trust means everything. Yet, consumers are hesitant to share their confidential data. A recent McKinsey survey revealed that no industry achieved a trust rating of 50% for data protection. Here’s the most sobering stat: 87% of…

What Do Financial Institutions Need to Know About the SEC’s Proposed Cybersecurity Rules?

4 min read - On March 9, the U.S. Securities and Exchange Commission (SEC) announced a new set of proposed rules for cybersecurity risk management, strategy and incident disclosure for public companies. One intent of the rule changes is to provide “consistent, comparable and decision-useful” information to investors. Not yet adopted, these new rules – published in the Federal Register on March 23 – could change reporting requirements. Take a look at some of the big-ticket items and what your organization needs to know.…

SEC Proposes New Cybersecurity Rules for Financial Services

4 min read - Proposed new policies from the Securities and Exchange Commission (SEC) could spell changes for how financial services firms handle cybersecurity. On Feb. 9, the SEC voted to propose cybersecurity risk management policies for registered investment advisers, registered investment companies and business development companies (funds). Next, the proposal will go through a public comment period until May 9. The Importance of Cybersecurity in Finance The 2021 X-Force Threat Index found that financial services were the most targeted industry. Manufacturing beat out…

Top Security Concerns When Accepting Crypto Payment

4 min read - From Microsoft to AT&T to Home Depot, more companies are accepting cryptocurrency as a way to pay for products and services. This makes perfect sense as crypto coins are a viable revenue source. Perhaps the time is ripe for businesses to learn how to receive, process and convert crypto payments into fiat currency. Still, many questions remain. How can you safely enable customers to pay with Bitcoin or other digital currency? What are the security risks that come with cryptocurrency? Let’s…

Top Security Concerns When Accepting Crypto Payment

2022 Banking & Finance Security Intelligence Roundup

3 min read - The banking and finance industries deliver more services online now than ever before due to the pandemic. As a result, banking cybersecurity became more important than ever this year. Some of the threats to big data security in recent years…

TrickBot Bolsters Layered Defenses to Prevent Injection Research

7 min read - This post was written with contributions from IBM X-Force’s Limor Kessem and Charlotte Hammond. The cyber crime gang that operates the TrickBot Trojan, as well as other malware and ransomware attacks, has been escalating activity. As part of that escalation,…

BrazKing Android Malware Upgraded and Targeting Brazilian Banks

12 min read - Nethanella Messer and James Kilner contributed to the technical editing of this blog. IBM Trusteer researchers continually analyze financial fraud attacks in the online realms. In recent research into mobile banking malware, we delved into the BrazKing malware’s inner workings…

Security Intelligence

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Topics

How the ZeuS Trojan Info Stealer Changed Cybersecurity

2022 Industry Threat Recap: Finance and Insurance

How to Spot a Nefarious Cryptocurrency Platform

Kronos Malware Reemerges with Increased Functionality

Why Cybersecurity Risk Assessment Matters in the Banking Industry

Cost of a Data Breach: Banking and Finance

What Do Financial Institutions Need to Know About the SEC’s Proposed Cybersecurity Rules?

SEC Proposes New Cybersecurity Rules for Financial Services

Top Security Concerns When Accepting Crypto Payment

Top Security Concerns When Accepting Crypto Payment

2022 Banking & Finance Security Intelligence Roundup

TrickBot Bolsters Layered Defenses to Prevent Injection Research

BrazKing Android Malware Upgraded and Targeting Brazilian Banks

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