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Financial services top target for DDOS attacks

Finextra

FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, and Akamai Technologies, Inc.

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Trade Groups Want To Standardize Cybersecurity Data Sharing

PYMNTS

A new plan, titled “Sheltered Harbor,” was unveiled by the primary trade groups that represent the financial services sector to help standardize data storage for retail accounts and strengthen cybersecurity defenses. Silberstein confirmed that the data storage standards are in line with federal regulatory guidelines for cybersecurity.

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Ransomware, supply chain attacks, DDoS drive cyber risk for APAC financial institutions

The Paypers

FS-ISAC has announced that ransomware and supply chain attacks, as well as a resurgence of banking trojans and distributed denial of service (DDoS) attacks, are the top cybersecurity threats to financial institutions across the APAC region.

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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.”. Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks. Still, U.S.

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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. Training IT professional for real-time, real-life cybersecurity threats. And, arguably, one of the most important questions is how businesses and FIs prepare to respond to the next cyberattack.

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Microsoft Joins Offensive Against Major Botnet

PYMNTS

Lumen, ESET and FS-ISAC. Burt's post ended with a pledge of ongoing vigilance: "We fully anticipate Trickbot’s operators will make efforts to revive their operations, and we will work with our partners to monitor their activities and take additional legal and technical steps to stop them.".

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How FIs Are Combatting Increasingly Sophisticated Attacks

PYMNTS

Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), told PYMNTS that these rumors are likely the result of an overzealous watchdog, or security vendors that are hoping to create a market for their offerings. FS-ISAC officials have seen fraudsters use a wide, and expanding, range of techniques.

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