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Booz Allen Releases Annual Financial Services Cyber Trends for 2015

CTOvision

Now, firms are building cyber “fusion centers” that better integrate the many different teams – fraud, cyber, IT, physical security, product development – to boost intelligence, speed response, reduce costs and leverage scarce talent. Western” cyber problems are coming to a developing nation near you. Read more on BusinessWire.

Financial 266
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Developing Your Business Email Compromise (BEC) Incident Response Plan

SecureWorld News

If you have cyber insurance, will it cover some or all BEC incidents? Your escalation procedures for BEC may be slightly different than for malware or other incidents. Law enforcement has had successes in the BEC arena, including multiple arrests in the United States and overseas. BEC-IRP Section 2: Identification.

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Annual Reports: How They Warn of Cyber Risk

SecureWorld News

In the past, we have experienced, and in the future, we may again experience, data security incidents resulting from unauthorized access to our and our service providers’ systems and unauthorized acquisition of our data and our clients’ data including: inadvertent disclosure, misconfiguration of systems, phishing ransomware or malware attacks.

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Prepare for The Cyber Threat : What Executives Need to Know to Manage Risk

CTOvision

Available data suggest that 84% of corporations have malware on their networks. Having the right policies, procedures and technology is important, but even more important is to insure that organizations develop a continuously improving culture of security based on foundational security principles that reduce risks to mission.

Insurance 150
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Novetta and Teradata Deliver Next-Gen Cyber Defense with New Novetta Cyber Analytics Solution Now Available

CTOvision

Novetta Cyber Analytics provides rapid discovery of suspicious activity associated with advanced threats, dynamic malware, and exfiltration of sensitive data. This combined solution empowers Network and Security Operations Centers with the ability to reduce dwell-time and accelerate interruption of attack-kill-chains. About Novetta Solutions.

Big Data 257
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U.S. Government Warning on Ransomware Payments: What Does It Mean?

SecureWorld News

The OFAC Advisory on these cybercrime payments specifically warns financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims, that they may be violating OFAC regulations. OFAC designated the developer of Cryptolocker, Evgeniy Mikhailovich Bogachev, in December 2016.".

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Why Financial Services Firms are Championing Natural Language Processing

CIO Business Intelligence

billion in cost savings for the insurance industry as well during the same period. . For banks, brokerages, insurance companies, fintech firms, and other financial services organizations, NLP is increasingly being seen as a solution to too much data and too few employees. The same study estimated that chatbots would lead to $1.3