Remove Compromise Remove Cybersecurity Remove Third Party Vendors
article thumbnail

Fraudsters are Turning to Third Party Vendors as New Means of Attack as Firms Improve Cybersecurity

The Fintech Times

Using the world’s largest proprietary risk and threat intelligence dataset, SecurityScorecard , the cybersecurity analyser, studied cybersecurity breaches across the UK’s 100 largest companies by market capitalisation, releasing a comprehensive analysis of the landscape of the FTSE 100 in the UK.

article thumbnail

Cybersecurity Trends For 2024 With Alteryx, Valimail, Resilience, Zally, IronVest, iProov

The Fintech Times

Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024, including AI’s impact, behavioural biometrics, fraud prevention, masking and enhanced security for financial services. In fact, our claims data has shown a significant increase in this activity.

article thumbnail

NY Cybersecurity Standards Loom, With Enterprises At The (Un)Ready?

PYMNTS

Among the new rules: Firms must employ and deploy a senior chief information security officer, or the corporate board, to approve written policies for cybersecurity. At a minimum, you need [cyber]insurance,” along with monitoring of third party vendors. Certification must be made annually about compliance.

article thumbnail

The Cybersecurity Juggling Act Of Buyer-Supplier Connectivity

PYMNTS

Maersk Chief Technology and Information Officer Adam Banks spoke earlier this month at a cybersecurity conference, reflecting on that 2017 attack and noting that the company was “not unusually weak,” and adding that this is a fact for many organizations that can, unfortunately, lead to a false sense of security.

article thumbnail

Back To Basics For SME Security

PYMNTS

Small businesses aren’t getting their cybersecurity strategies right, according to new evidence from researchers. Department of Commerce, acknowledged that cybersecurity may not be at the top of SMEs’ priority lists. Of course, NIST suggests seeking outside help when SMEs decide to implement a cybersecurity plan.

article thumbnail

The Uncharted Territory Of M&A Cyber Risks

PYMNTS

According to experts, cybersecurity is becoming an increasingly difficult hurdle to clear during a merger. One of the largest security challenges of an acquisition stems from the risk exposure an acquiring company faces if it has not fully assessed the cybersecurity strength of its acquisition target. ” Business Partners At Risk.

Risk 65
article thumbnail

When Vendors Open Doors To Cyberattackers

PYMNTS

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. A recent research report released by eSentire found that indeed, vendors present a significant cyber risk to organizations. million business email compromise scam.