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MWC 2024 Replay: Huawei unlocks resilient, ‘non-stop’ banking with four-pronged solutions strategy

CIO Business Intelligence

With the goal to enhance intelligence in the digital banking arena, Huawei has unveiled a new framework to bolster infrastructure resilience. In 2023, the number of cyber attacks on global banks increased by 520%, and the average service recovery time of financial institutions after ransomware attacks was 16.3

Banking 59
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The New Major Cloud Adopters: Financial Services

Forrester IT

With high regulatory pressure, FS firms innovate within boundaries, create digital services protected behind corporate firewalls, abide by tenancy isolation rules, and ensure […] Deep pockets and customer pressure to continually differentiate means that new digital capabilities are constantly in development.

Financial 195
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Four of the Biggest Financial Data Breaches of 2019

Galido

Perhaps not surprisingly, banks, insurance companies, and other financial-service firms are 300 times more likely to suffer from a cyber-attack than other industries. The hacker was able to breach Capital One’s servers through a misconfigured web application firewall. The Westpac/PayID Breach.

Financial 100
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CIOs Look For Ways To Fool Hackers

The Accidental Successful CIO

This new method doesn’t attempt to bar intruders from getting in, like firewalls do. The way to deal with this issue is to couple a deception system with more traditional defenses like firewalls, encryption, anti-malware solutions and authentication systems. CIOs have to realize that attackers are both agile and fast.

Firewall 130
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SD-WAN Helping Financial Services Achieve Greater Digital Agility, Cybersecurity

CIO Business Intelligence

Three-quarters (74%) of banks experienced a rise in cyber crime since the pandemic began in 2019. Its portfolio of security offerings includes DDoS mitigation, managed firewall and unified threat management, all designed to complement its SD-WAN technology. During the pandemic, that threat multiplied exponentially.

WAN 111
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How flexible should your infosec model be?

Network World

Security is a top priority at the Bank of Labor , but the financial institution updates its formal information security policy only once a year, maybe twice, regardless of what's happening in the ever-changing threat landscape. On the contrary, the organization, which has seven branches in the Kansas City, Kan.,

Banking 60
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Understanding the Essential Pillars of Phishing Mitigation

SecureWorld News

These attackers have criminal intent, as they'll lure in victims by claiming to be a friend, family member, bank, or other well-known companies and websites. Grimes suggests common practices such as locking your computers, not sharing passwords with others or over an email, and being careful about changing your bank information.