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Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One

PYMNTS

In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions. A brief history of FS-ISAC. percent from Q2 2016 to Q2 2017. At the time, they were seeing about 80 cases a week,” Nelson said. “It

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TRENDING: Putting IT Professionals Through Cyberattack Boot Camp

PYMNTS

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. For this month’s Tracker feature story, FS-ISAC CEO Bill Nelson spoke with PYMNTS about how the drills teach these IT professionals to flex “the muscle memory” of what a real-life crisis is like.

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Big Banks Notice Rise In Cyberattack Attempts

PYMNTS

But a spokeswoman for FS-ISAC noted that there has been “no heightened increase of cyberthreats to the financial services sector.”. Not only are banks prime targets because of the multitude of sensitive consumer information they hold, but also for the fact that an attack could cause market turmoil. Still, U.S.

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