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From Log4J to the Russian invasion of Ukraine, the events of 2022 have demonstrated that cyber incidents are a very real threat to the functioning of critical services and need to be taken seriously....
January 13, 2023 | By Bob Kolasky
“Deepfakes,” near-perfect but synthetic still images or video footage created with the intention of impersonating an individual’s identity, have gained recent notoriety. They are a type of synthetic...
September 30, 2022 | By Martin Rehak
The “systemically important” label, attached to an elite group of banks as a result of post-financial-crisis regulatory reforms, may soon be applicable to U.S. critical-infrastructure industries in...
August 19, 2022 | By Jeffrey Kutler
Financial institutions have steadily increased their reliance on technology in recent years, a trend accelerated by the pandemic and the spike in remote work. As this digital dependence increases,...
April 1, 2022 | By Tod Ginnis
After two years of battling the coronavirus, many health experts believe the crisis will recede only when COVID-19 becomes endemic. In other words, we can’t eliminate the virus, but we can hope to...
February 11, 2022 | By Paul Mee
Did you hear about the latest major cybersecurity breach that disabled a public company? “Which one?” you ask. Take your pick. Cyberattacks are the new weapons of mass destruction for businesses,...
December 17, 2021 | By David X Martin
A new reality is hitting home with cryptocurrency criminals and changing this category of cyber risk for the better: It has become more difficult to get away with illicit transactions and hold onto...
September 10, 2021 | By Katherine Heires
Remote work and the technologies enabling it boomed during the pandemic, and fraudsters got busy - exploiting network vulnerabilities, collecting personal and business data, conducting social...
August 6, 2021 | By Katherine Heires
COVID-19 has set structural and technological changes in motion, creating new cyber risk and security challenges that will likely endure even after the pandemic ends. There is no shortage of...
January 15, 2021 | By Christopher Hetner
A “cyber Pearl Harbor” scenario has haunted the technology world since then-U.S. Defense Secretary Leon Panetta presented it in 2012. The massive SolarWinds breach that came to light in December 2020...
January 8, 2021 | By Jeffrey Kutler
Every year, cybercrime becomes cheaper, easier, and faster, making a variety of companies - including banks - more vulnerable to attacks than ever before. Damages from cybercrime are projected to...
November 6, 2020 | By Christopher Hetner
Operationally speaking, 2020 has been a banner year for exchanges and financial market infrastructures. The World Federation of Exchanges (WFE) said value and volume traded worldwide set records in...
October 16, 2020 | By Jeffrey Kutler
The much touted digital transformation of business, finance and the economy is well underway, judging by how readily people and organizations adjusted to new working and distancing conditions...
September 25, 2020 | By Katherine Heires
There is nothing simple about cyber warfare, but, for the sake of argument, think of it as boiling down to two opposing sides. On the offensive are those that break through defenses stealthily and...
August 7, 2020 | By Jeffrey Kutler
Cybersecurity threats are so numerous, technically challenging and constantly evolving that technology companies are rarely so bold as to claim they have an all-encompassing solution. Large...
April 9, 2020 | By John Hintze
Members of corporate boards are expressing growing confidence in their organizations' cybersecurity. According to the National Association of Corporate Directors (NACD) 2019-20 Public Company...
January 31, 2020 | By Ted Knutson
It is important to stay abreast of the latest attack schemes - see The Year's Top Attack Vectors: Review and Prepare - and frequently re-evaluate your security posture in light of any new...
November 22, 2019 | By Marcus Chung
Cyber attacks are rapidly evolving and ever-more concerning. The success of WannaCry, NotPetya, GandCrab and others have inspired a new generation of hackers looking for a quick, lucrative score....
November 8, 2019 | By Marcus Chung
Business continuity and security threats are the greatest risks a financial institution faces when choosing a vendor for an information and communication technology (ICT) service. This is especially...
October 25, 2019 | By Andrea Giacchero and Jacopo Moretti
If insurance has a place in risk mitigation strategy, then it should naturally extend into cyber risk management. But, to many, cyber insurance remains a puzzlement. A bare majority - 51% - of...
October 25, 2019 | By Ted Knutson
Cyber risk is a continuously evolving, complex phenomenon that requires a new risk management approach. We are now at a turning point, facing the intersection of several simultaneous cybersecurity...
August 2, 2019 | By Andrea Giacchero and Jacopo Moretti
In January 2015, at a Bank for International Settlements (BIS) forum in South Africa, Federal Reserve Bank of Boston president Eric Rosengren spoke on the subject of Cyber Security and Financial...
July 12, 2019 | By Ted Knutson
Executive Summary This article outlines at a high level how artificial intelligence (AI) can help organizations proactively detect data breaches in their earliest stages, in order to prevent them...
June 7, 2019 | By Anju Chopra, Heather Williams and Eric Nyberg
The threat of ransomware being used as a highly effective form of cyber terrorism has been receiving a lot of media attention lately. The storyline stems from a Lloyds of London report which boldly...
June 7, 2019 | By Marcus Chung
Awareness of cybersecurity threats, and actions being taken against them, are on the rise - but that hasn't stemmed the tide of cyber attacks and their financial toll. Companies therefore appear to...
May 31, 2019 | By Juliette Fairley
Cybersecurity risks are hardly uncommon, but there is an abundance in the world of mobile apps - and especially those provided by retail banks, brokerages and auto insurers and readily downloadable...
April 26, 2019 | By Katherine Heires
Financial services C-suite interest in cybersecurity, while on the rise, doesn't always translate to on-the-ground action, the National Society of Compliance Professionals (NSCP) says. A recently...
March 29, 2019 | By Ted Knutson
Sixty-seven percent of financial service transactions - including online banking, money transfers, and stock trades - now come from mobile devices. That has grown 13% year-over-year, according to...
March 22, 2019 | By Katherine Heires
With board governance newly challenged by cybersecurity issues, the National Association of Corporate Directors is turning to Christopher Hetner as its special adviser for cyber risk. “The days for...
March 15, 2019 | By Ted Knutson
Cybersecurity continues to be a primary focus area for the U.S. Securities and Exchange Commission's Office of Compliance Inspections and Examinations (OCIE), as indicated in their 2019 examination...
February 15, 2019 | By Askari Foy
Although cyber threats are universally regarded as pervasive and even existential, Michael Daugherty believes that many businesses are not well organized to manage the risks. He has founded the Cyber...
January 11, 2019 | By Ted Knutson
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