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ANALYSIS
A new KnowBe4 report reveals a concerning surge in credential theft, now accounting for 38% of all compromised data – surpassing traditional payment card breaches. This shift, coupled with a 56% year-on-year increase in attack frequency and rising breach costs, demands an urgent reassessment of security strategies.
THE BIG INTERVIEW
Q&A: Crystal Morin on navigating global regulatory changes
The financial sector is facing a tsunami of evolving cybersecurity regulations, from the EU's NIS2 and DORA to global mandates like the US's CIRCIA. In this interview, Cybersecurity Strategist Crystal Morin of Sysdig breaks down the complexities, implementation challenges, and critical need for proactive security measures. Discover how banks and fintechs can navigate this regulatory maze and fortify their defenses against ever-present cyber threats.
WE’RE ALSO READING
CLOUD SECURITY IN FINANCE
Enterprise cloud security protects cloud-based systems and data through a combination of policies, tools, and practices. It involves shared responsibility between providers and customers, addressing threats like data breaches, misconfigurations, and insider risks. Effective cloud security supports compliance, incident response, and resilience—whether using public or private clouds—and must adapt to growing complexity, scale, and multi-cloud environments
WHAT WE'RE LISTENING TO
TRADE TREASURY PAYMENTS
AI-Powered Deepfakes Are Reshaping Financial Fraud Detection and Cybersecurity Practices
Generative AI is reshaping financial fraud, with deepfakes and AI-powered social engineering bypassing traditional defenses and merging the domains of cybersecurity and fraud detection. Financial institutions face mounting challenges from fragmented global regulations, opaque AI models, and rapidly evolving threats, necessitating greater collaboration, transparency, and adaptive compliance. Compliance professionals now play a pivotal role in guiding technology deployment, ensuring not only regulatory alignment but also meaningful, effective crime detection.
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