Articles on financial sector threats analyze the specific cyberattacks targeting banking, insurance, and investment institutions. Coverage includes business email compromise, credential theft, ATM jackpotting, supply chain attacks, and emerging threat actor tactics aimed at financial organizations.
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The Industry That Can't Afford a Single Mistake In November 2023, the SEC fined several financial advisory firms a combined total of nearly $750,000 for cybersecurity failures following credential theft incidents that exposed thousands of customer records. The firms had the basics — firewalls, antivirus — but lacked the
The Industry That Can't Afford a Single Mistake In November 2023, the ransomware attack on ICBC's U.S. broker-dealer arm disrupted settlement of billions of dollars in Treasury trades. The largest bank in the world — by assets — was reduced to sending trade settlement data via USB
The Industry That Gets Hit Hardest — and Most Often In January 2023, ION Trading Technologies — a critical software vendor serving derivatives traders worldwide — got hit with a LockBit ransomware attack that forced dozens of financial institutions back to manual trade processing. For days. In one of the most automated industries
