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Financial apps can help with budgeting, but beware of hackers! This article explains how to keep your information safe and what to do if it is hacked. #FinanceApps #Hacking

The double-edged sword of heightened regulation for financial services: Financial services organizations are enticing targets for cybercriminals due to their significant wealth holdings, presenting abundant opportunities for monetary gain through extortion, theft, and fraud, according to Trustwave. In addition to the money itself, the financial services sector stores large volumes of sensitive data, including customer information, financial records, and intellectual property. “In a highly competitive B2B and B2C financial services industry, cybersecurity’s role earning and sustaining consumer trust is paramount as a competitive differentiator,” … More → The post The double-edged sword of heightened regulation for financial services appeared first on Help Net Security. #HelpNetSecurity #Cybersecurity

Blackbaud must pay $6.75 million, improve security after lying about scope of 2020 hack. Why it matters: 1. Consumers should be concerned: Blackbaud, which handles significant amounts of personal data, used poor data security practices that allowed a hacker to steal sensitive information, such as Social Security and bank account numbers. The breach affected over 13,000 organizations and a yet unknown number of individuals. 2. This case underscores the need for robust data security measures and transparency in handling breaches. Blackbaud was fined for providing misleading information about the hack and later violating consumer protection and privacy laws. The company had falsely assured customers that it practiced robust security measures. 3. The settlement will ramp up data security practices: Blackbaud is now required to improve its data security, breach notification practices, and data retention policies as part of its settlement. Future breaches of this nature may prompt stricter enforcement and higher fines, further emphasizing the importance of cybersecurity. Learn more by visiting The Record from Recorded Future News: https://lnkd.in/eWaayYJu

The double-edged sword of heightened regulation for financial services: Financial services organizations are enticing targets for cybercriminals due to their significant wealth holdings, presenting abundant opportunities for monetary gain through extortion, theft, and fraud, according to Trustwave. In addition to the money itself, the financial services sector stores large volumes of sensitive data, including customer information, financial records, and intellectual property. “In a highly competitive B2B and B2C financial services industry, cybersecurity’s role earning and sustaining consumer trust is paramount as a competitive differentiator,” … More → The post The double-edged sword of heightened regulation for financial services appeared first on Help Net Security. @Poseidon-US #HelpNetSecurity #Cybersecurity

Truist Bank has confirmed a data breach after stolen data surfaced online, highlighting concerns over cybersecurity. The bank reassures customers of ongoing efforts to secure their information and investigate the incident thoroughly. This breach underscores the importance of robust cybersecurity measures in financial institutions. Customers are advised to stay vigilant and monitor their accounts for any suspicious activity. https://lnkd.in/gimi32wK #TruistBank #DataBreach #Cybersecurity #BankingSecurity #DataPrivacy #TechNews #OnlineSecurity #FinancialSecurity #DataProtection #CyberAttack #UnderstandingEnterpriseTech #EnterpriseTechnologyNow #EnterpriseTechnologyToday

With the rise of budgeting apps and expense-tracking services, managing expenses has become easier than ever. However, it's crucial to be aware of the security risks and potential confusion that may arise. Before linking your accounts, ensure that these services prioritize encryption and safeguard your sensitive credentials. Stay protected and informed to avoid becoming a target for account fraud.

In a recent unsettling development, AT&T has confirmed a significant data leak affecting approximately 73 million customers, exposing sensitive information including Social Security numbers on the dark web. This breach underscores the critical importance of safeguarding personal data in today's digital age. As we navigate an increasingly connected world, it's imperative to take proactive steps to protect our personal information and that of our families. One effective measure is to freeze your credit and that of your minors. A credit freeze restricts access to your credit report, making it more difficult for identity thieves to open new accounts in your name. This is a crucial step in preventing financial fraud and identity theft, especially in light of recent data breaches. Here are steps to freeze your credit: 1. Contact each of the three major credit bureaus: Equifax, Experian, and TransUnion. 2. Provide necessary identification information. 3. Request a credit freeze. Remember, freezing your credit is free and does not affect your credit score. Let this incident be a reminder of the vulnerabilities that exist and the importance of taking action to protect ourselves. Stay informed, stay vigilant, and let's navigate the digital landscape with caution and confidence. #DataBreach #CreditFreeze #CyberSecurity #PersonalFinance https://lnkd.in/gu-9rYXt

If you use a computer, your data likely got leaked in what researchers have called the mother of all data breaches. Remember to use strong and unique passwords, multi-factor authentication, up-to-date software, only visit secure URLs, and continuously monitor bank and credit card statements for unusual activity. These tips are just a start but can go a long way to keeping your threat level lower. If there were ever a time to change your passwords, it's now.

🔐📈 By harnessing the power of comprehensive API discovery AND protection, you empower your financial institution to thrive in an era where data security and privacy are paramount. ✨ Discover the crucial role that APIs play in the success of financial institutions . Read the full article now: #informationsecurity #cybersecurity #banking #creditunions #api #CybersecurityAwarenessMonth #f5

Paysign investigating reports of consumer information data breach. Why it matters: 1. Paysign, a leading financial services firm, is investigating an alleged data breach that could have exposed millions of consumer records. This is one of numerous recent incidents heightening concerns about security vulnerabilities in the financial industry. 2. Despite the ongoing investigation, Paysign assures that there has been no disruption to their services. How the breach, if confirmed, affects the consumers and the company's credibility in handling sensitive customer data, remains in question. 3. Paysign is a major player in the financial sector collaborating with other giants like Mastercard. The breach signifies a high-target risk for large financial firms, due to their wide customer base, complicating the cybersecurity landscape. Learn more by visiting The Record from Recorded Future News: https://lnkd.in/eaXeAWqq