financial services


Today’s cybersecurity threats target all parts of the network and nearly every device attached to it, making the potential threat landscape virtually boundless. When you pair technically skilled criminals with the attractiveness of financial data, trying to keep information safe is a constant battle. With this in mind, organizations like the SEC and FINRA have developed initiatives to help guide the financial services industry towards success, and at the same time, to also hold breached organizations accountable if they were inadequately prepared. SEC... [Read More]
by RSS Bill Hogan  |  Apr 27, 2017  |  Filed in: Industry Trends & News
The cloud, Internet of Things (IoT),  mobility, and big data analytics are four primary trends that are driving change, and financial services organizations are being tasked to keep up. While digital business is simplifying life for the users of financial services, companies are being forced to deal with these trends’ impact on the makeup and footprint of their security solutions. The need for an architecture and strategy that is fully suited to support these trends is paramount to success. As a result, today’s financial services... [Read More]
by RSS Bill Hogan  |  Apr 14, 2017  |  Filed in: Industry Trends & News
Blockchain is a technology that basically distributes a ledger. For those of you in the financial management world, you know a ledger as the trusted source of transactions or facts. The same is true with blockchain. But instead of existing in a large leather bound tome or in a financial management application, blockchains are managed by a distributed set of computing resources working together to maintain that ledger. Each transaction, or block within it, is linked together in an indisputable manner using public/private key encryption and internal... [Read More]
by RSS Keith Rayle  |  Mar 17, 2017  |  Filed in: Industry Trends & News
The financial services industry was a primary target for cybercriminals in 2016, and due to the value of its data, it will remain in the crosshairs as we embark on 2017. As a result, financial services CIOs will be faced with security decisions and challenges that will likely keep them up at night. While this isn’t an exhaustive list of challenges CIOs will face in the coming year, we’ve outlined several challenges we believe nearly all financial services organizations will have to face in 2017. Let’s take a closer look. 1.... [Read More]
by RSS Brian Forster  |  Mar 16, 2017  |  Filed in: Industry Trends & News
IT teams in the financial services industry have historically invested in, and deployed, web application firewalls (WAFs) to comply with Payment Card Industry Data Security Standards (PCI DSS). However, many of today’s data security professionals recognize that unprotected web applications have become attractive targets for cybercriminals looking for easy entry points into their networks. In fact, according to recent data, 83 percent of enterprise IT executives believe application security is critical to their IT strategy. Additionally,... [Read More]
by RSS Brian Forster  |  Jan 30, 2017  |  Filed in: Industry Trends & News
As technology within the financial services industry continues to evolve, so too does the threat landscape. Fortinet offers cybersecurity predictions for 2017. [Read More]
by RSS Brian Forster  |  Jan 26, 2017  |  Filed in: Industry Trends & News
In meeting with large financial institutions, the single biggest thing we keep hearing about is the need to simplify and consolidate their security infrastructure. As Financial Services has evolved from person-to-person transactions to a fully digital business model, the industry’s networks have evolved as well, become increasingly complex and more difficult to defend. During this evolution, as new threats have emerged, financial organizations have gone out and purchased a host of different security products, often from different vendors,... [Read More]
by RSS Bart Richards  |  Jan 23, 2017  |  Filed in: Industry Trends & News
Financial services organizations are shifting applications to the cloud, seeking the efficiencies and cost reductions this move holds. However, with cybercriminals eager to get their hands on financial data, security is paramount – making it more important than ever to vet cloud security providers. [Read More]
by RSS Brian Forster  |  Dec 22, 2016  |  Filed in: Industry Trends & News
  One month ago we captured a Word document infected with malicious VBA code, which was detected as WM/Agent!tr by the Fortinet AntiVirus service. Its file name is InternalFax.doc, and its MD5 is 4F2139E3961202B1DFEAE288AED5CB8F.  By our analysis, the Word document was used to download and spread the botnet TrickBot. TrickBot aims at stealing online banking information from browsers when victims are visiting online banks. The targeted banks are from Australia, New Zealand, Germany, United Kingdom, Canada, United States, Israel, and... [Read More]
by RSS Xiaopeng Zhang  |  Dec 06, 2016  |  Filed in: Security Research
Ensuring data security in financial services is critical to maintaining a positive reputation. Read this post to find out more. [Read More]
by RSS Brian Forster  |  Dec 01, 2016  |  Filed in: Industry Trends & News