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

PYMNTS

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Cybersecurity, of course, is top of mind for many businesses and individuals year round, but the events leading up to this year’s DHS campaign were more extraordinary than usual.

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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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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. The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure.

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US Department of the Treasury and FSSCC Lay Groundwork for Greater Cloud Adoption

The Fintech Times

The report seeks to provide firms of all sizes with different and effective practices for secure cloud adoption and operations. The CESG is now a proven model and a new way for the financial services sector to effectively address our most significant cybersecurity challenges.” Cloud Profile 2.0 (led led by FSSCC) The Cloud Profile 2.0,

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Microsoft Joins Offensive Against Major Botnet

PYMNTS

Microsoft and a who's who list of technology companies "have now cut off key infrastructure so those operating Trickbot will no longer be able to initiate new infections or activate ransomware already dropped into computer systems," Tom Burt, Microsoft's corporate vice president for customer security and trust, wrote in a blog post on Monday.

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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. That said, financial institutions (FIs) aren’t out of the woods yet.

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