financial services cyber attack News

Banks and Insurers Have Improved Their Cyber Defenses

Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture, financial services firms …

Banks on Alert After FBI Warning of Cyber Attacks on ATMs

Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. “The FBI routinely advises private industry of various cyber-threat indicators observed during the course …

The High Cost of Cybercrime to Insurers and Banks

Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon Institute. However, while cyberattacks have …

No ‘Significant’ Cyber Attacks on Banks, Says Bank Group

An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any “significant” cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co. and other banks. The group, known as …