Security News
For years, financial technology companies have used screen-scraping to retrieve customers' financial data with their consent. As ZDNet reports, one of the calls for a ban came from Lisa Schutz, founding director of The Regtech Association and CEO of Verifier, who said that her company could use screen-scraping, but it's chosen not to.
As business email compromise schemes continue to evolve, some cybercriminals are focusing on accessing companies' financial documents, which provide useful information to support the theft of money, according to a new report from security firm Agari. This case shows that business email compromise scams are becoming more ambitious, with fraudsters using social engineering techniques to steal as many financial documents as possible, according to the report.
Software AG announced the appointment of Dr. Matthias Heiden as its new Chief Financial Officer. Software AG's Chairman of the Supervisory Board Dr. Andreas Bereczky said: "I would like to take this opportunity to welcome Dr. Heiden to Software AG. His track record gives him an excellent understanding of how software businesses run; combined with new CFO DNA, I am certain he will make an outstanding contribution to Software AG.".
Covered Security announced the Covered Kudo Sweepstakes, providing financial incentive for enterprise and home users of its Personal Assistant for Security to improve their security practices. Investment in security education hasn't solved this, because of a mismatch of incentive and security expertise.
Two Democratic Congressmen have sent letters to nine federal financial regulatory agencies asking that take action to shore up cyber defenses in the sector because of looming security threats from Iran. On Wednesday, the FBI and Department of Homeland Security issued a security bulletin to local law enforcement warning of Iranian-sponsored cyberattacks, although no specific threats were disclosed, according to CNN. In their letter sent this week, Democratic representatives Emanuel Cleaver II, D-Mo., and Gregory Meeks, D-N.Y., who both sit on the House Financial Services Committee, wrote that there is an impending threat to the financial services infrastructure, not only in the U.S. but across the globe.
Six years into running the Patch Rewards Program to help improve the security of open source projects, Google has decided to provide upfront financial support for such initiatives. read more
Besides rewarding ethical hackers from its pocket for responsibly reporting vulnerabilities in third-party open-source projects, Google today announced financial support for open source developers...
Only 6% of all breaches in 2019 were suffered by financial services firms, according to Bitglass. However, these breaches compromised significantly more records than those that occurred in other...