Thursday; December 20, 2019

Workplace Cybersecurity Newscast

A Security News Roundup for Financial Advisors 

Making cybersecurity an adviser business opportunity
InvestmentTimes: Advisers could become clients' first line of defense to keeping their financial lives safe. Financial advisers don't want to talk about cybersecurity. You can see it in the attendance numbers of cybersecurity panels at conferences (though this is improving), as well as in regulator regulators' messaging to the industry to get its act together. Legal and technology experts who work with financial advisers confirm this observation, as does internal InvestmentNews data on which articles advisers read most (Spoiler alert: Not cybersecurity)..

 

2020 Financial Services Cybersecurity Trends
The Fintech Times: According to the Financial Conduct Authority, financial services companies in the UK saw a fivefold rise in data breaches in 2018 compared with the year before. So, as the cyber threat to financial institutions (FIs) grows, will organisations reach the point where the risk level is out of control? Caroline Paddle, director, Skybox Security, gives her predictions about what we can expect in terms of financial services cybersecurity over the next 12 months.

 

2019 Data Breaches – The Worst So Far
IdentityForce: Did you know that one in three data breach victims later go onto experience an identity crime? By now, it’s safe to assume that at least some of your Personally Identifiable Information (PII) has been compromised in a breach. It’s for this reason that IdentityForce has been tracking all major breaches for the past 5 years, and will continue to do so. Check back often to read up on the latest breach incidents in 2019, and read our data breach resources to stay protected.

 

Microsoft details the most clever phishing techniques it saw in 2019
ZDNet: Earlier this month, Microsoft released a report on this year's malware and cyber-security trends. Among the few trends highlighted in the report was that phishing was one of the few attack vectors that saw a rise in activity over the past two years. Microsoft said that phishing attempts grew from under 0.2% in January 2018 to around 0.6% in October 2019, where 0.6% represented the percentage of phishing emails detected out of the total volume of emails the company analyzed.

 

California AG says privacy law enforcement to be guided by willingness to comply
Reuters:
California’s attorney general is not planning an extension of a Jan. 1 deadline to comply with the state’s new digital privacy law but said enforcement efforts by his office will be guided by companies showing a willingness to comply. The California Consumer Privacy Act (CCPA), is a landmark digital privacy law that allows Americans to request their data be deleted from e-commerce websites and social media, and opt out of having data sold to third parties.

 

Decade Retrospective: Cybersecurity From 2010 To 2019
Forbes: The Decade Cyber Went Mainstream. Yes, technically, decades begin in years that end in one, but it’s easier to say the 2010s than the 2011s. Prior to 2010, cybersecurity was an insular domain. No one really cared, until something they were using didn’t work. Devices blew up due to malware or adware, and users got annoyed when a machine disappeared to get reloaded by IT, but after the event was over, concern faded. As we entered the 2010s, most corporations acted the same way, but by 2018 and 2019, cybersecurity experts and security and risk pros became a fixture in boardrooms and newsrooms. The battle over “cyber” raged, and the resistance lost, so that’s what it’s called throughout . . . consider this our surrender as we accept defeat with grace. Let’s look at the last 10 years of notable security trends and events.

 

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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