financial services


The rhetoric surrounding mainframes and their uses in modern enterprises tends to be largely negative. Mainframes are seen by many as outdated legacy IT systems that are, or will be, obsolete in the near future as businesses increasingly move to the cloud. However, these notions are one-sided. The reality is that mainframe computing remains alive and well within many infrastructure-critical industries, including some of the largest organizations in the world. It’s reported that 71 percent of Fortune 500 companies still run much of their... [Read More]
by RSS Bill Hogan  |  Oct 13, 2017  |  Filed in: Industry Trends
The financial services sector has unique security needs. Financial services firms are considered critical infrastructure by many governments, and therefore are bound by strict government cybersecurity regulations. They house highly personal information of their clients that has to be accurate and accessible at all times, as well as secure from new, sophisticated cyberattacks. Ensuring data security, accuracy, and compliance was simpler when there was a defined network that could only be directly accessed by bank employees. However, consumers... [Read More]
by RSS Trish Borrmann  |  Aug 25, 2017  |  Filed in: Business and Technology
Because financial services organizations are at an inherently greater risk due to the sensitive nature of the data they store, and the often-monetary motivations of cybercriminals, they are keenly aware of the damage that can result from a data breach. Data shows that the financial services sector was the most frequently targeted industry in 2016, with attacks increasing 29 percent year-over-year. In light of these attacks, along with increased government regulations, financial services firms are ramping up their security measures. In fact, a... [Read More]
by RSS Bill Hogan  |  Aug 10, 2017  |  Filed in: Industry Trends
On the anniversary of the World Wide Web release to the public this week, we are taking a closer look at how web use has irrevocably changed and modernized some of the key industries shaping our lives today, and what this change means for our global cybersecurity. [Read More]
by RSS Anthony Giandomenico  |  Aug 04, 2017  |  Filed in: Industry Trends
Network security has become increasingly complicated for financial services providers due to the popularity of the Internet of Things (IoT) and consumer desire to access valuable data on various mobile devices. [Read More]
by RSS Bill Hogan  |  Aug 03, 2017  |  Filed in: Industry Trends
By now, it’s no secret that cybercriminals have targeted, and continue to target, the financial services industry with advanced attacks that are designed to steal or otherwise jeopardize valuable data. As a result, many organizations have taken at least some initial steps to better secure their networks and the information that lives within them. In fact, according to Duff & Phelps’ “Global Regulatory Outlook,” 86 percent of professionals in the financial services industry say their companies have plans to put more... [Read More]
by RSS Bill Hogan  |  Jun 05, 2017  |  Filed in: Industry Trends
Read this post and view the embedded infographic to learn how financial services organizations can protect their data in the digital age. [Read More]
by RSS Brian Forster  |  Jun 02, 2017  |  Filed in: Industry Trends
Security and IT professionals at large enterprises across all industries are faced with the daily task of having to secure an expanding attack surface. Vulnerable points of entry used to live within the organization’s walls, where firewalls and inline security tools could protect them. But networks have now evolved into a constantly evolving, borderless environment thanks to cloud usage, the Internet of Things (IoT), and an increasingly mobile workforce. Technological advances, paired with a surge of digitally savvy employees flooding the... [Read More]
by RSS Bill Hogan  |  May 12, 2017  |  Filed in: Industry Trends
As is the case across most of today’s industries, the latest IT technological advances like the cloud, Internet of Things (IoT), and mobility have all blurred the lines between traditional network boundaries, making them harder to secure by the day. Security challenges are escalating in part because there are an increasing number of network access points that can open doors to sensitive financial data. For example, many devices inside of today’s financial networks, such as routers and switches, are not security aware. Once these devices... [Read More]
by RSS Bill Hogan  |  May 05, 2017  |  Filed in: Industry Trends
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