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Canadian financial services co-operative Desjardins has set aside C$70 million in expenses to cover second quarter costs for a data breach that exposed the accounts of 2.9 million customers.

The latest Morgan Stanley Investor Pulse Poll finds that high net worth (HNW) investors are increasingly attracted to digital technology while at the same time concerned about cybersecurity.

North Korea has generated an estimated $2 billion in revenues for its weapons programme through the state-sponsored looting of financial institutions and cryptocurrency exchanges, according to a confidential UN report seen by Reuters.

The financial services sector was subject to 3.5 billion credential stuffing attacks over the past 18 months, as cybercrooks used previously breached log-in data to crack open user accounts.
The numbers come from Akamai’s 2019 State of the Internet / Security Financial Services Attack Economy Report, which found that 50% of all attacks from phishing domains were targeted at the financial sector.

Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.
Dubbed one of the largest data breaches to hit a financial services firm, the Capital One hack is expected to cost the company between $100 million and $150 million.

National Australis Bank has begun contacting approximately 13,000 customers to advise that some personal information provided when their account was set up was uploaded, without authorisation, to the servers of two data service companies.

High-flying stock trading fintech Robinhood has warned users to change their passwords after revealing that it stored the sensitive data in plain text, rather than an encrypted format, in its internal systems.

Schaumburg, IL, USA (16 July 2019) – The myriad of risks related to web applications can leave organizations feeling overwhelmed. However, with the Open Web Application Security Project (OWASP) Top 10 list of application security risks, organizations have been able to narrow their focus and dedicate resources to the most pressing vulnerabilities.

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