Thursday; December 13, 2019

Workplace Cybersecurity Newscast

A Security News Roundup for Financial Advisors 

SEC Names Littman to Head Cyber Unit
ThinkAdvisor: The Securities and Exchange Commission has named Kristina Littman chief of the Division of Enforcement’s Cyber Unit. Littman, who’s served as senior advisor to SEC Chairman Jay Clayton since August 2017, succeeds Robert Cohen, who left the Commission in August. Littman joined the SEC’s Division of Enforcement in 2010 as a staff attorney in the Philadelphia office. Since then, she has held senior attorney positions in the Market Abuse Unit and the Trial Unit..

 

SBanking Trojans Are Top Financial Services Threats
InfoSecurity:Banking Trojans represent the biggest potential threat to financial institutions and their customers, and are on the rise, according to new research from Blueliv. The Spanish threat intelligence firm released data from a recent Twitter poll of over 11,000 users and its newly launched report for the banking sector, Follow the Money.

 

Key security priorities for financial services: Preventing fraud and data leaks
HelpNetSecurity: The banking and financial services sector is struggling with a skills shortage along with the sheer volume of threats and alerts as it continues its ongoing battle against cybercrime, according to Blueliv. With financial organizations a prime target for attacks, preventing fraud and data leakages is key to the sector’s security strategies – but it is getting harder as cyberthreats become increasingly diverse, sophisticated and malicious.

 

This blind spot is putting financial advisors and their clients at risk
CNBC: It’s an email every financial advisor should expect to receive at least once. Financial advisor Charles Failla recalls receiving an email from a client asking for about $5,000. She was vacationing in the Caribbean and claimed the hotel where she was staying didn’t accept credit cards.“I said, ‘I know you’re on vacation, but call me collect. I need to confirm it’s you before I send money to a Caribbean island.’”

 

New vulnerability lets attackers sniff or hijack VPN connections
ZDNet: Academics have disclosed this week a security flaw impacting Linux, Android, macOS, and other Unix-based operating systems that allows an attacker to sniff, hijack, and tamper with VPN-tunneled connections.

 

The 10 most important cyberattacks of the decade
TechRepublic:
Since 2010, billions of sensitive files, personal information and account details have been leaked thanks to devastating hacks and damaging breaches. As more sensitive personal data has made its way online, the size and impact of breaches has steadily increased throughout the decade. Attacks have hit almost every sector and show no signs of slowing down as more people are forced to entrust the safety of personal information to various websites.

  

Cybersecurity Newscast provides top security news and information specific to the financial services industry. Through a variety of primary and secondary news sources, we aggregate relevant news and then determine the best stories to be featured by covering a mix of headline news as well as less reported, yet relevant news stories specific to security and compliance. 

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