UniCredit suffered a recent data breach which exposed PII of nearly 3 million customers. The bank said there is no stolen banking account information that enables hackers to make unauthorized transactions. Read More
South African Banking Risk Information Centre warned that banks in the country had been experiencing repeated DDoS attacks and ransom notes were delivered to a number of staff email addresses. Read More
A group of angry shareholders is behind the new Equifax lawsuit which alleged the company has not adequately disclosed risks or security practices that led to the worse data breach violation in history. Read More
Since U.S. and Europe’s first experience of ATM malware and jackpotting attacks in 2017 and 2018, evidence is mounting that the attacks are making a comeback with new twists and approaches. Read More
Recent Equifax downgrade surprised Wall street as it’s the first company in history to have ratings outlook downgraded due to escalating litigation and regulatory costs from 2017 data breach and increase in cybersecurity spending. Read More
Recent SWIFT report shows an evolution of cyber threats to international payment flows with cyber criminals becoming increasingly sophisticated in evading detection when carrying out fraudulent payment transactions. Read More
Establishing a global financial data sharing standard, free to everyone to use, can empower and protect consumers, while also supporting efforts to deliver new products and services that put people in more direct control of their finances. Read More
While proposed amendments to narrow the scope of the CCPA might tempt financial services organizations to put CCPA compliance on the backburner, that instinct might prove to be flawed for quite a few reasons. Read More
Financial market regulators from outside the EU are now seeking GDPR exemptions for the purpose of "public interest", for example cracking down on securities fraud, including the SEC in the U.S. as well as regulators in Japan and Hong Kong. Read More
The ability of financial institutions to recover data breach losses from non-contacting parties depends on various legal statutes and industry regulations. Read More
