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Always on the cusp of technology innovation, the financial services industry (FSI) is once again poised for wholesale transformation, this time with Generative AI. Financial institutions have an unprecedented opportunity to leverage AI/GenAI to expand services, drive massive productivity gains, mitigate risks, and reduce costs.
Zero Trust architecture was created to solve the limitations of legacy security architectures. Recent critical vulnerabilities in VPNs and firewalls have exposed the risks associated with perimeter-based security measures. Security requires an adaptive model that understands the fluidity and dynamism of the modern digital landscape.
A push for greater network visibility and global security standards drove Orbia, an $8.2 billion company that operates in more than 100 countries, to deploy secure access service edge (SASE) technology. We realized we had way too many fragmented solutions, for example, handling SSE, CASB, secure web gateway [SWG], and so on.”
As organizations look to modernize IT systems, including the mainframe, there’s a critical need to do so without sacrificing security or falling out of compliance. Falling out of compliance could mean risking serious financial and regulatory penalties. Malicious actors have access to more tools and plans of attack than ever before.
IT and Security teams will tell you that they’re spending too much time and money on phishing, but what does that mean? This report quantifies the financial impacts of phishing. Phishing is a problem that's plagued organizations for years.
Our AI infrastructure orders with webscalers in Q2 surpassed $350 million, bringing our year-to-date total to approximately $700 million, and we are on track to exceed $1 billion of AI infrastructure orders in fiscal year 25, Cisco CEO Chuck Robbins said during the vendors financial call. And third, AI network connectivity.
The cloud can offer financial services firms a flexible and scalable option for storing data and workloads, but a holistic security strategy is critical to ensuring regulatory compliance.
The post Nexus Android malware targets 450 financial applications appeared first on TechRepublic. Learn how to protect your organization and users from this Android banking trojan.
Phishing, infostealer malware, ransomware, supply chain attacks, data breaches and crypto-related attacks are among the top evolving threats in the financial sector, says Sekoia.
Whether it is the reliability of the supply chain, the accuracy of financial predictions, or the assurance of product availability, trust from customers, vendors, and suppliers is non-negotiable. Our eBook covers the importance of secure MLOps in the four critical areas of model deployment, monitoring, lifecycle management, and governance.
Although no terms of the financial arrangement were given, this does follow a $2 billion round in late 2024 in which Veeam was valued at $15 billion. The platform, hosted on Microsoft Azure, uses zero trust and isolated Azure Blob Storage to secure backups. The first facet is that Microsoft is making an equity investment in Veeam.
Google Cloud’s Director of Office of the CISO Nick Godfrey reminds business leaders to integrate security into conversations around financial and business targets.
The company’s sales forecasts have been downgraded, its auditor resigned, it failed to provide a timeline for official financial statement filings, and it has been accused of shady internal accounting dealings. Prior to this, the company missed the August deadline to file its annual 10-K financial report.
Not having the right talent can lead to poor resource management performance and unnecessary cloud spending, as well as security risks and compliance issues.
Final rules from the Consumer Financial Protection Bureau further the march towards open banking -- what will it take to keep such data sharing secure?
As years passed new technologies like secure access service edge (SASE) and generative artificial intelligence (genAI) burst onto the scene, and SD-WAN has fallen out of the industry limelight. Learn more about Fortinet Secure SD-WAN and how it can help transform your network.
There’s been a lot of talk over the past few years about a shortage of skilled cybersecurity talent , but from where we sit at the NYC DOE Division of Information and Instructional Technology (DIIT), we see budding security pros all around us. One, in particular, had no plans to go to college due to financial constraints.
Trade associations, professionals, innovation hubs and financial institutions should collaborate more effectively to stimulate training demand from companies and guide them toward continuous adoption of this most important tool for digital transformation.
In force since January, the Digital Operational Resilience Act (DORA) has required considerable effort from CIOs and CISOs at 20 types of financial entities to achieve compliance. For many, the journey is not complete.
The attacks, in which criminals frequently leverage social engineering to impersonate company insiders, C-suite executives or trusted vendors to request urgent payments, can financially devastate organizations. In cases where the victim cannot recover funds, it’s essential to have insurance policies in place to mitigate the financial loss.
The premise was that enterprises needed to secure their critical data more stringently in the wake of data hacks and emerging AI processes. I wrote, “ It may be even more important for the security team to protect and maintain the integrity of proprietary data to generate true, long-term enterprise value.
Security researchers are warning of a significant global rise in Chinese cyber espionage activity against organizations in every industry. It is highly likely that these investments have led to greater operational security (OPSEC) and specialization in China-linked intrusion operations, the researchers noted.
This ambitious initiative is poised to position ADIB-Egypt at the forefront of the digital banking revolution, transforming how customers interact with their financial services. Machine learning algorithms will enable the bank to analyze customer data and offer tailored financial solutions based on individual needs and preferences.
The promised land of AI transformation poses a dilemma for security teams as the new technology brings both opportunities and yet more threat. 1] It is beyond human capabilities to monitor and respond to these attacks; it is also putting immense stress on security teams. Security technicians need to harness the power of AI.
F5 this week said it’s working with Intel to offer customers a way to develop and securely deliver AI-based inference models and workloads. Integrating an Intel IPU with NGINX Plus creates a security air gap between NGINX Plus and the OpenVINO servers, according to Intel.
The concept of the secure access service edge ( SASE ) is one that many organizations have embraced in recent years. The network security vendor unveiled a sovereign SASE technology that it says will provide organizations with more control than a typical SASE deployment. What is sovereign SASE and why is it needed?
Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry. Before we go further, let’s quickly define what we mean by each of these terms.
The impact has spread globally, with airports, governments, financial institutions, hospitals, ports, transportation hubs, and media outlets facing significant […]
The networks that enable today’s hyper-distributed enterprises face persistent and emerging security challenges. So now, one of our hot topics is how to detect such fraud – our API security team is all over it right now,” Anderson said. But that’s not a simple task for security practitioners. “The
The updated product also has enhanced security features, including LLM guardrails. SUSE is also integrating the Infosys Responsible AI toolkit into the SUSE AI platform, which provides security and observability. By comparison, SUSE, which last reported its financials in 2023, had about $0.67 Red Hat reported $6.5
This alignment ensures that technology investments and projects directly contribute to achieving business goals, such as market expansion, product innovation, customer satisfaction, operational efficiency, and financial performance. Guiding principles Recognizing the core principles that drive business decisions is crucial for taking action.
Capitec is the second largest bank in South Africa, and like financial institutions the world over, it’s a potential target for attackers. I was confident that a zero trust architecture with the right vendor would at least help address our security concerns. Zscaler shows us insights that truly help us get a handle on risk.
Bank holding company Ally Financial is determined to stay at the cutting edge of technology in the financial industry. But Ally is part of a highly regulated industry, which has seen many banks and financial institutions delayed by regulations. The question was how to incorporate it without sacrificing security.
Banks and financial institutions are turning to data analytics and AI to help Gen Z with planning and tapping into biometrics to assuage their cybersecurity concerns.
Financial aid fiasco In March, the US Department of Education said it discovered an error in the calculations of financial aid for hundreds of thousands of college students, leading to a delay in aid awards. At the same time, the departments overhaul of the FAFSA form created delays in the financial aid application process.
Deepgram is addressing problems like poor customer experience and the financial risk associated with it ($3.7 Its aimed at businesses and developers who need accurate and scalable transcriptions for applications like call centers, video captioning, voice assistants and more. High accuracy for enterprise-grade performance.
With growing concerns over advanced threats, VPN security issues, network complexity, and adversarial AI, enterprises are showing increased interest in a zero trust approach to security and moving away from firewall-and-VPN based architecture. Security teams are definitely paying attention.
What today is known as secure service edge (SSE) started under a different name — secure access service edge (SASE) — with a slightly different meaning. In 2019, Gartner created the term SASE to describe a cloud-based service that combines networking and security to give remote workers safe access to internet-based resources.
Having just secured a $50 million Series B funding round, Dazz is one of Network World’s 7 network security startups to watch for 2024. Its AI-driven platform combines security and vulnerability management with threat and exposure-management capabilities. Dazz’s latest round, a $50 million Series B, was secured in July 2024.
In modern business, cybersecurity is not merely a technical concern but a crucial financial safeguard. With cyber threats growing in sophistication and frequency, the financial implications of neglecting cybersecurity training are severe and multifaceted. The average cost of a data breach ballooned to $4.88
Innovation expected from artificial intelligence and quantum computing could bring security and privacy perils as well as benefits to the financial world.
AI a primary driver in IT modernization and data mobility AI’s demand for data requires businesses to have a secure and accessible data strategy. Key challenges include designing and deploying AI infrastructure, with priorities such as data security (53%), resilience and uptime (52%), management at scale (51%), and automation (50%).
Technology leaders in the financial services sector constantly struggle with the daily challenges of balancing cost, performance, and security the constant demand for high availability means that even a minor system outage could lead to significant financial and reputational losses. Cost forecasting.
Intro: Time was, a call center agent could be relatively secure in knowing who was at the other end of the line. And if they werent, multi-factor authentication (MFA), answers to security questions, and verbal passwords would solve the issue. Often, bots are involved in this process.
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