Treasury Leaders Confront the Realities of Cyber-Resilience
According to an IBM study, the average cost of a data breach in 2024 has climbed to nearly $5 million, marking a 10% increase from the previous year. At the AFP national conference, this stark reality set the stage for an immersive session aimed at equipping finance teams with the skills needed to respond swiftly and effectively to cyber threats.
Finastra Investigates Data Breach Impacting Banking Clients
Finastra, a leading provider of solutions to over 8,000 financial institutions, is investigating a breach of its internal file transfer platform, where hackers stole more than 400 gigabytes of data.
GoIssue: A New Threat Targeting GitHub Users
Cybersecurity experts are sounding alarms over a newly emerged tool called GoIssue, designed to facilitate mass phishing campaigns targeting GitHub users.
North Korean Hackers Unleash 'Hidden Risk' Malware to Target Cryptocurrency Firms
North Korean state-sponsored group BlueNoroff, a subgroup of the Lazarus Group, has launched a new malware campaign called "Hidden Risk," targeting cryptocurrency and DeFi businesses. SentinelLabs researchers found that the campaign, active since July 2024, employs phishing emails and PDF-based lures with fake crypto news headlines to trick victims into clicking on malicious links.
S&P Warns of Material Risk from Unpatched Vulnerabilities
S&P Global Ratings has highlighted poor corporate vulnerability remediation as a significant risk factor. Analyzing data from over 7,000 rated companies, S&P found that 40% address known system flaws "infrequently," leaving them exposed.
CISA Flags Critical ScienceLogic Vulnerability Amid Zero-Day Exploits
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has added a critical vulnerability affecting ScienceLogic SL1 to its Known Exploited Vulnerabilities (KEV) catalog, following reports of active exploitation as a zero-day.
Preparing for the Quantum Leap: Addressing Cybersecurity Risks in Financial Institutions
A report by the G7 Cyber Expert Group (CEG), chaired by the US Department of the Treasury and the Bank of England, addresses the cybersecurity risks posed by advancements in quantum computing and outlines essential steps for financial authorities and institutions to mitigate these risks.
Iranian Cyber Actors Target Critical Infrastructure in Year-Long Attack Campaign
Cybersecurity and intelligence agencies from Australia, Canada, and the U.S. have issued a joint advisory warning about a year-long campaign by Iranian cyber actors aimed at infiltrating critical infrastructure organizations.
