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Yahoo Finance: At a time when trust has become central to the customer experience, KPMG cyber security practice leaders have told a roundtable that they believe financial services firms are demonstrating a commitment to trust through their cyber agendas. They said that amidst accelerating technological disruption, actively managing customer trust is presenting new revenue opportunities and challenges for financial institutions.
Cointelegraph: In its “Cryptocurrency Anti-Money Laundering Report, 2019 Q3,” security research firm CipherTrace delved into the 120 most popular cryptocurrency exchanges’ compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements and analyzed patterns in crypto-related crimes.
Cision: Madrid-based cybersecurity firm buguroo has secured $11 million in Series A funding to bring its Deep Learning based online fraud detection and prevention technology, combining behavioral biometrics, malware detection and device assessment, to more financial services customers.
Pensions & Investments: Record keepers are under pressure from retirement plan trustees and regulators to protect participant data in the U.K. after several companies such as Tesco PLC and British Airways PLC became targets of cyberattacks.
Bloomberg: Dell Technologies Inc. is exploring a sale of RSA Security, a cybersecurity business it hopes could fetch at least $1 billion, including debt, according to people familiar with the matter.
ZDNet: The Australian government should reinstate the position of Minister for Cybersecurity, according to multiple public submissions to the review of the nation's Cyber Security Strategy 2020.
The Hindu: An industry-oriented workshop on ‘Cyber security technologies and applications’ organised at the Indian Institute of Information Technology (IIIT Sri City) gave a fresh outlook on the emerging opportunities in the sector as well as future global applications.
The target: Macy’s, an American department store chain.
The take: First and last names, physical addresses, ZIP codes, email addresses, payment card numbers, card security codes and expiration dates.
The attack vector: The attackers used card skimming code, colloquially termed as Magecart, to inject a malicious script into two pages on Macy’s website, the wallet and checkout page. Tampering with the scripts on the retailer’s website allowed attackers to ‘skim’ sensitive information as it was entered by customers and forward it to their own systems.
Any webpage where sensitive information is entered by the user is a prime target for hackers. Ensuring robust standards around critical nodes such as these are key for strong security practices.
The Irish News: The Northern Ireland division of US cybersecurity firm Proofpoint lost £1million last year on the back of a significant increase in salary costs, a new report produced by the company has shown.
CNBC: Scott Van Den Berg, president of Century Management Financial Advisors, has added cybersecurity to the firm’s insurance coverage.
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