Karen Hoffman

Financial organizations are wise to invest in user education, training when it comes to phishing and ransomware, expert says.

While ransomware threats are often repackaged versions of older variants, organizations should not let their guard down, experts say.

In addition to being more widespread, individual ransomware attacks themselves are arguably becoming more effective and doing more damage.

The popular London-based crypto platform Wintermute had its private key compromised in what appeared to be a brute-force attack which hobbled DeFi operations.

Financial institutions are concerned about implementing more security features that challenges convenience, according to a new report by Featurespace.

In recent weeks, the U.S. student loan market has been in the spotlight — not just for the much-discussed loan forgiveness plan launched by the Biden administration, but also for the segment’s growing position as a target for financial fraud.

Drawbridge, a cybersecurity software and services provider to private investment firms, announced it had received a “strategic growth investment” from Francisco Partners for an unnamed amount.

Just days after KeyBank publicly announced late last Friday that an untold number of its mortgage customers had their information stolen, the Cleveland-based financial institution was slapped with a lawsuit that claims both the bank and a third-party service provider were negligent in monitoring and controlling potential IT security issues.

Said the chief security officer of Citizen Bank: “Being in the law enforcement and intelligence communities years ago has provided me with a very strong baseline into what we’re seeing the financial industry now.”

Because of the work of JP Morgan Chase VP Marpu, "end users are able to seamlessly interact with digital touchpoints without thinking twice about the security of their data."