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Finastra Confirms Breach Amid Hacker’s 400GB Data Theft Claim

Fintech News

The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data. Currently, Finastra is unable to disclose the number of affected customers or the precise nature of the compromised data.

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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

These experts are more experienced when it comes to cybersecurity. Staying current across your digital environment is essential for cybersecurity hygiene. A crafty hacker could infiltrate accounts secured by flimsy credentials. Even if passwords are compromised, those extra identity checkpoints block illicit access attempts.

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What is Business Email Compromise (BEC)?

Nanonets

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

The Importance of a Strong Password Policy A strong password policy is a cornerstone of any cybersecurity strategy. Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals.

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Remote Work Business Continuity: Best Practices

VISTA InfoSec

The following are some of the consequences when data privacy and security are compromised: Productivity loss. Operational interruption happens when cybersecurity is breached. A file falling into the wrong hands or credentials being revealed to unauthorized personnel could spell lost productivity and revenue. Tainted reputation.

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Understanding POS Security: Protecting Your Business and Customer Data

VISTA InfoSec

When used, these devices will collect payment details without the merchant’s knowledge, compromising customer data security. Implementing 2FA adds an extra layer of security to a POS system by requiring users to prove their credentials through other means such as one-time passwords on other devices or through biometrics.

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FIs Expect Cybersecurity Spending To Increase In 2021, Study Finds

PYMNTS

The survey, which will be released in December, reports that 64 percent of executives at financial companies ranked cybersecurity as their top concern in expected budget increases. The survey found that some FIs plan to spend over $3,000 on cybersecurity per employee this year. Bloomberg received part of the survey in advance.