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Mobile Malware Uses Deepfakes, Social Engineering to Bypass Biometric Authentication

SecureWorld News

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. It's believed the biometric data is used to produce deepfake videos of victims.

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Optimizing PCI compliance in financial institutions

CIO Business Intelligence

In the fast-evolving world of finance, data security is of paramount importance. Financial institutions must ensure the protection of sensitive personal information, most commonly payment card data, to maintain, trust and meet various regulatory requirements.

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Cisco Duo MFA Third-Party Service Provider Breached, SMS Logs Stolen

IT Toolbox

A third-party telephony provider of Cisco suffered a breach wherein they hacked into and downloaded message logs for authentication SMS messages sent for Duo Security. The stolen data puts customers at risk of social engineering attacks to trick them into revealing credentials, carrying out financial fraud, etc.

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New York Enhances Cybersecurity Regulations of Financial Services

SecureWorld News

On November 1, 2023, the New York Department of Financial Services (NYDFS) took a significant step toward strengthening cybersecurity defenses across the financial sector by finalizing amendments to Part 500 of its cybersecurity regulations. 15, at the Marriott Marquis Times Square. 15, at the Marriott Marquis Times Square.

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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy. Have you thought about what can be done with this device to enhance identity authentication?

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Prudential Financial suffers a new data breach

Dataconomy

Following the Prudential data breach last week, the company has found itself grappling with unauthorized access to its systems, affecting employee and contractor data. This prominent Fortune 500 entity, recognized globally for its financial services, oversees assets valued at approximately $1.4

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Kaiser Permanente Discloses Data Breach Impacting 13.4 Million People

SecureWorld News

Kaiser Permanente, one of the largest not-for-profit providers of health care and coverage in the United States, is dealing with the fallout from a significant data breach that has affected more than 13 million individuals. The company revealed details of the incident in a public notification posted on April 25th.

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