Source: Global Relay

Global Relay, the leading provider of communications compliance solutions for regulated industries, announces its integration between OpenAI’s ChatGPT Enterprise Compliance API and Global Relay’s financial compliance platform.

A recent update from cybersecurity firm CrowdStrike caused a significant disruption to banks and payment systems globally, leading to widespread outages and operational challenges. This unexpected glitch in the update affected Microsoft's infrastructure, resulting in downtime for several key financial services and payment processors that rely heavily on Microsoft's cloud services.

A new bill introduced in Congress seeks to strengthen cybersecurity in the healthcare sector by mandating collaboration between the Cybersecurity and Infrastructure Security Agency (CISA) and the Department of Health and Human Services (HHS).

Citi has been fined $135.6 million by US regulators for insufficient progress in addressing risk management and data governance issues. The Office of the Comptroller of the Currency (OCC) fined Citi $75 million and amended its previous cease and desist order, while the Federal Reserve Board added a $60.6 million fine for violations of a 2020 enforcement action.

Source: S-RM

Leading global intelligence and cyber security consultancy S-RM has today announced the appointment of Tom Yoxall and Mark Long as part of its ongoing investment into post-incident restoration and recovery services.

A recent study by Commvault reveals that 83% of organizations have faced a significant security breach, with over half occurring in the past year. This highlights the urgent need for robust cyber recovery strategies. Security professionals are increasingly concerned about external threats and acknowledge the inevitability of breaches.

Over the past six months, Android financial threats have surged, targeting mobile banking funds through traditional malware and cryptostealers, as reported by ESET.