CIO Business Intelligence

NOVEMBER 8, 2024

Falling out of compliance could mean risking serious financial and regulatory penalties. PCI DSS v4.0). Policies and regulations like these make it more important than ever for organizations to catch vulnerabilities before they become full-fledged cyber attacks.

Security 261

Security Financial System Strategy 261

CIO Business Intelligence

OCTOBER 26, 2022

As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy. Have you thought about what can be done with this device to enhance identity authentication?

Authentication 246

Authentication Banking Data Knowledge Base 246

CIO Business Intelligence

JANUARY 24, 2025

So it was around 2017 when there were several brainstorming sessions about how to innovate, and they realized there was a need to better orchestrate and enable the flow of messages from one financial system to another. If you send money from your bank account to someone at another bank, theres a delay as the other bank verifies the funds.

Data 312

Data Banking System Financial 312

CIO Business Intelligence

MARCH 4, 2025

But it was financial services, media, manufacturing, industrials, and engineering that saw the biggest surges in China-linked intrusions last year 200-300% growth rates compared to 2023. Overall, the number of intrusions and new Chinese cyber espionage groups grew across the board.

Industry 246

Industry Malware Groups Telecommunications 246

Tech Republic Security

AUGUST 11, 2024

This means the call to safeguard sensitive data and systems from unauthorized access has become a major concern, especially for companies that handle vast amounts of documents, such as personal information, financial accounts, and proprietary business resources. This reality requires the.

Authentication 216

Authentication Policies Financial Resources 216

Forrester IT

MAY 30, 2019

Banks and financial institutions are currently hard at work building APIs and testing their Strong Customer Authentication (SCA) solutions. I have recently released a new report looking at the second phase of the Payment Services Directive (PSD2) and its security requirements along with my colleagues Jacob Morgan and Andras Cser.

Security 352

Security Banking Authentication Financial 352

Network World

FEBRUARY 19, 2025

They appear to be reusing genuine serial numbers from authentic Seagate drives still under warranty. He further suggested that Seagate, Toshiba, and Western Digital should provide customers with better tools to verify the authenticity of their purchases. A unique feature on each individual hard drive could help trace their journey.

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Storage Authentication Report Retail 221

SecureWorld News

FEBRUARY 3, 2025

While this operation marks a significant victory against BEC infrastructure, the $3 million in documented losses highlights only a fraction of the financial damage these automated phishing operations can inflict on organizations." However, as new threat actors emerge, cybersecurity experts warn that organizations must remain vigilant.

Network 107

Network CTO Hire Fractional CTO Authentication 107

CIO Business Intelligence

NOVEMBER 26, 2024

For example, a financial services firm adopted a zero trust security model to ensure that every access request is authenticated and authorized. Solution: Implement a robust security framework that includes regular risk assessments, threat modeling, and continuous monitoring.

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Budget Cloud Research Strategy 306

IT Toolbox

JUNE 20, 2024

The incident, which allowed the attacker to access personal and financial information, exposed users to further identity and credit fraud. The post Amtrak User Account Breach Highlights the Importance of Robust Authentication Systems appeared first on Spiceworks Inc. Learn more about the incident.

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Authentication System Financial Security 147

Network World

JANUARY 23, 2025

Concerning cyberthreats The past few years have seen an explosion in the number of cyberattacks, leaving businesses facing financial losses and significant damage to their brand reputations. Ransomware is certainly causing anxiety among security practitioners and was listed as a top cyberthreat concern by 72% of survey respondents.

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Survey Architecture Firewall Security 351

CIO Business Intelligence

FEBRUARY 26, 2025

Intuit itself currently handles 95 petabytes of data, generates 60 billion ML predictions a day, tracks 60,000 tax and financial attributes per consumer (and 580,000 per business customer), and processes 12 million AI-assisted interactions per month, which are available for 30 million consumers and a million SMEs.

Enterprise 354

Enterprise Enterprise System Data 354

CTOvision

AUGUST 15, 2014

Healthcare professionals, hospitals and their technology vendors need to ensure appropriate security measures are in place to avoid jeopardizing incentive payments, or they risk receiving financial penalties for non-compliance. Secure Messaging Requires Authentication and Secure Networks. Patient Portal and Messaging Authentication.

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Security Healthcare Authentication Information Security 267

CIO Business Intelligence

MARCH 14, 2025

Infostealers attempt to log your activity across multiple networks (including social media) and steal username-password combinations and session information to access personally identifiable information (PII), as well as financial data. Multi-factor authentication (MFA) should no longer be optional, especially as BYOD has become the norm.

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Firewall Malware Training Security 246

CIO Business Intelligence

AUGUST 22, 2022

As the industry continues the shift from in-person services toward remote customer service and hybrid models, banks are focusing more than ever on how to support their customer’s experiences in a way that quickly answers inquiries and gives customers a more frictionless experience for loan applications and other financial services. .

Banking 327

Banking Financial Mobile Authentication 327

Computer Weekly

OCTOBER 4, 2016

Financial services provider Mastercard announces its cardholders in the UK will be able to use a selfie as authentication to pay for goods

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Authentication Financial 227

SecureWorld News

FEBRUARY 13, 2025

Additionally, the FBI has warned businesses about rising cases of AI-generated fraud, estimating that financial damages could exceed $10 billion annually. Real-world cases of deepfake attacks Financial fraud : In 2020, a Hong Kong-based multinational firm lost $25 million when an employee was tricked into making wire transfers.

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Authentication Financial Video Social 77

CIO Business Intelligence

SEPTEMBER 9, 2024

Tencent Cloud has made significant strides in APAC across sectors like software, financial services, and government, offering solutions in AI infrastructure, AI-enabled customer service, and guided selling. One notable development is the Hunyuan Turbo, an AI model designed to double training efficiency and reduce model training costs by 50%.

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Cloud Financial Artificial Intelligence Training 306

CIO Business Intelligence

NOVEMBER 28, 2023

And while all organizations work hard to prevent attacks through traditional security measures such as multi-factor authentication, patching, training, and more, the bad guys increasingly find their way in through poorly thought-out, scattered access and identity management practices. billion global financial loss, according to some sources.

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Security Artificial Intelligence Authentication Financial 304

CIO Business Intelligence

AUGUST 29, 2024

Unlike traditional one-time passwords (OTPs), which have become increasingly vulnerable to phishing, SIM swapping, and message interception, payment passkeys utilize biometric data stored on a user’s device to authenticate transactions.

Banking 306

Banking Authentication Security System 306

CIO Business Intelligence

MAY 28, 2022

Authentication problems are the most frustrating obstacles a customer will face online, and businesses must solve them if they want to increase their revenue and competitive edge. You might already have competitive prices, great customer service and a robust selection — but those hardly matter if customers get hung up on authentication.

Authentication 306

Authentication Banking Survey Security 306

CIO Business Intelligence

OCTOBER 16, 2023

Okta issued an alert to clients in late August warning about incoming threats by hackers to gain access to “manipulate the delegated authentication flow via Active Directory (AD) before calling the IT service desk at a targeted organization, requesting a reset of all MFA factors in the target account.” Ransomware, Security

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Authentication Social Engineering Security 336

Network World

AUGUST 13, 2024

This is called public key encryption and serves as the basis for basically all online communications, for securing websites, for financial transactions, and for key management systems and other specialized applications. Now anyone can send you a secret message that only you can read.

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IBM Security Network Authentication 526

CIO Business Intelligence

MARCH 24, 2023

For financial institutions, it can transform the way they offer services and training, making them more convenient, engaging, accessible and inclusive.” According to  Gartner , 25% of people will spend at least an hour in the metaverse by 2026. We must rethink how we address data privacy and security in the metaverse,” Singhal says. “We

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Financial Cloud Microsoft 3D 147

SecureWorld News

DECEMBER 12, 2024

As Alberto Farronato, CMO at Oasis Security, pointed out, "The Krispy Kreme breach underscores how cybersecurity incidents can ripple across business operations and customer experiences, even in industries not traditionally associated with high-tech services, causing operational disruptions, financial impact, and erosion of customer trust."

Financial 107

Financial Security Authentication Industry 107

SecureWorld News

NOVEMBER 14, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) took a significant step toward strengthening cybersecurity defenses across the financial sector by finalizing amendments to Part 500 of its cybersecurity regulations. 15, at the Marriott Marquis Times Square. 15, at the Marriott Marquis Times Square.

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Financial Authentication Strategy Conference 112

CIO Business Intelligence

DECEMBER 30, 2024

So it was around 2017 when there were several brainstorming sessions about how to innovate, and they realized there was a need to better orchestrate and enable the flow of messages from one financial system to another. If you send money from your bank account to someone at another bank, thered be a delay as the other bank verifies the funds.

Banking 162

Banking Data System Financial 162

CIO Business Intelligence

APRIL 4, 2022

By Tarun Khandelwal, an executive security advisor to the financial services industry and the former Head of Security Architecture at CIBC, and a Palo Alto Networks customer. The same approach holds true for thwarting cybersecurity attacks, particularly in the “target-rich” financial services industry. A ripe target.

Financial 130

Financial Industry Security Tools 130

CTOvision

SEPTEMBER 19, 2014

Stated another way, cloud applications have their own password policies, which means traditional LDAP authentication with the Active Directory becomes considerably more complex in it set up. With single sign-on (SSO), end-users only have to authenticate themselves once, entering a username and password from the Active Directory.

Authentication 305

Authentication Cloud Applications Government 305

CIO Business Intelligence

MAY 26, 2022

Authentication problems are the most frustrating obstacles a customer will face online, and businesses must solve them if they want to increase their revenue and competitive edge. You might already have competitive prices, great customer service and a robust selection — but those hardly matter if customers get hung up on authentication.

Authentication 264

Authentication Banking Survey Security 264

Network World

SEPTEMBER 11, 2024

The process for disabling all account access should be automated, O’Connor says, and, whenever possible, two-factor and certificate-based authentication should be used to help ensure that login credentials alone can’t provide access when it should no longer be available.

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Data Programming CTO Authentication 428

Venture Beat

MAY 20, 2021

Non-fungible tokens, or NFTs, offer businesses with tamperproof certificate of authenticity and ownership, but they need to be easier to use. Read More.

Financial 134

Financial Authentication Big Data Enterprise 134

SecureWorld News

FEBRUARY 15, 2024

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. Experts warn that biometric authentication alone is not foolproof.

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Malware Authentication Mobile Engineering 95

CIO Business Intelligence

OCTOBER 25, 2023

Unauthorized access to user accounts and sensitive information becomes a significant concern, leading to potential data breaches, financial loss, and unauthorized activity. Use FIDO2-Based MFA : FIDO2 (Fast Identity Online) is a strong authentication standard that provides secure and passwordless authentication.

Security 359

Security Authentication Policies Applications 359

CIO Business Intelligence

JUNE 25, 2024

This influx of vulnerable browsers and applications can have severe consequences for enterprises, including data breaches, financial losses, and reputational damage. Data breaches can even lead to regulatory penalties, loss of customer trust, and significant financial costs associated with remediation and recovery efforts.

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How To Financial Security Malware 270

CIO Business Intelligence

APRIL 29, 2024

If you are a CIO or CISO and haven’t yet read this article – Finance worker pays out $25 million after video call with deepfake ‘chief financial officer,’ you should and then share it with your entire company. Two-factor authentication practices just won’t cut it. It could save your company millions, and potentially much more.

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Social Financial Artificial Intelligence Media 305

CIO Business Intelligence

JUNE 18, 2024

Verification and access control Effective identity management begins with a verification process to establish the authenticity of users and entities accessing critical systems and data. By validating user identities, organizations can prevent unauthorized access and reduce the risk of data breaches.

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Security Authentication Government Data 264