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Tag: financial sector

DORA in response to cyber attacks in the financial sector
2 Maj 2024
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| PR News
Digital Operational Resilience Act (DORA) in response to cyberattacks in the financial sector

The number of cyber attacks on the financial sector is increasing worldwide, and in Germany, too, according to the financial regulator BaFin, cyber attacks pose a great danger, especially for banks and insurers and their service providers. In response, the EU has passed the Digital Operational Resilience Act (DORA). . Veritas Technologies, provider of secure multi-cloud data management, shows why the regulation should be seen as an opportunity for financial institutions to strengthen their resilience and significantly increase their level of cybersecurity. DORA defines specific requirements for the risk management of financial service providers and contains legal regulations on...

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Cyberattacks: These four industries are the main targets
27 December 2023
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| Bitdefender, PR News
Cyberattacks: These four industries are the main targets

Healthcare, financial services, manufacturing companies, software-as-a-service and software providers are the industries that are most often the involuntary recipients of current malware campaigns. All areas of the economy and society are undergoing fundamental change. The long-term mission of digital transformation is accompanied by current challenges such as the pandemic and its consequences as well as the war in Ukraine. Politicians are responding to increased risk situations with new and stricter IT guidelines for an expanded circle of those affected. Even though companies of all sizes and industries are currently experiencing a sharp increase in hacker attacks, cybercriminals have different intentions behind these incidents. For all target groups…

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Increasing complexity overwhelms financial service providers
June 29, 2023
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| Short news
B2B Cyber ​​Security ShortNews

Financial services firms face a critical data security gap – only 13 percent of respondents have a complete view of data access and usage. An endpoint-to-cloud security company has released the results of a new study that highlight the rise in data breaches in the financial services industry. The study shows that 70 percent of IT leaders surveyed through the Gartner peer community report a significant increase in data breaches compared to previous years. As the cloud-first hybrid work landscape continues to rapidly evolve, financial institutions are being forced to adapt quickly to protect their valuable data. As companies struggle with...

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Cyber ​​risks for finance & KRITIS operators
17 January 2023
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| PR News
Cyber ​​risks for finance & KRITIS operators

Fights against land and life, economic sanctions and trade restrictions are threatening cyber risks that Europe has to deal with in these times. Another danger are targeted cyber attacks by states that see their own interests or those of countries united in solidarity at risk. Finance is considered one of the most vulnerable sectors of critical infrastructure - despite strong legal regulations. Producers and operators as well as suppliers of critical infrastructure have become the target of attacks more often than average in the past twelve months. In about half of the cases, economic cycles, human life and ultimately our…

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Paradoxical assessment: Sufficient budget despite high cyber risk 
5 October 2022
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| Kaspersky, Stories
Paradoxical assessment: Sufficient budget despite high cyber risk

Two-thirds (67 percent) of IT decision-makers in Germany say that their IT security budget is sufficient for the next two years, although they rate the cyber risk as high. More than half (53 percent) rely on external service providers to protect themselves because the necessary know-how is not available internally. Smaller companies in particular are looking for external support. The financial industry is particularly confronted with cyber threats for various reasons. On the one hand, the degree of digitization in the financial sector has increased significantly - especially in the wake of the pandemic. On the other hand, the financial industry is for cybercriminals…

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Threat Report: 2,8 billion malware attacks in Q1 and Q2 2022
August 5, 2022
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| Stories
Threat Report: 2,8 billion malware attacks in Q1 and Q2 2022

Latest Sonicwall Threat Report Uncovers Massive Shifts In Cyber ​​Arms Race Due To Geopolitical Tensions And Increased Cyber ​​Attacks. 2,8 billion malware attacks already registered in the first half of 2022. Financial sector is under heavy fire. SonicWall, publisher of the world's top-cited ransomware threat metrics, today released the mid-year update for the 2022 SonicWall Cyber ​​Threat Report. According to the latest report, analyzed and compiled by SonicWall Capture Labs, the global malware tally is up 11 %, IoT malware attacks up 77% and encrypted threats up 132%. In addition, in the case of ransomware, there have been geographic shifts,…

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DeathStalker attacks German users
5 January 2021
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| Short news
Kaspersky_news

APT actor DeathStalker attacks users in Germany and Switzerland. Target of the actor: companies in the financial and legal sector. New backdoor “PowerPepper” uses various obfuscation techniques. Advanced persistent threat (APT) actor DeathStalker is now believed to be offering hacking-for-hire services to steal confidential business information from companies in the financial and legal sectors. Kaspersky experts have now spotted new activity from the actor and discovered a new malware implantation and delivery tactic: the PowerPepper backdoor uses DNS over HTTPS as a communication channel to hide the communication behind legitimate control server name queries. In addition, PowerPepper uses various obfuscation techniques such as steganography. Especially SMEs in…

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