JPMorgan Chase will earmark $12 billion for technological updates - including cloud migration, upgrading legacy architecture, data strategy, and emerging technologies. About half of this budget will go toward security modernization, while the other half will be invested into digital innovation.
To build defense capabilities, CISOs need to take a risk-based approach in presenting the highest risk contextually, and they also need to build visibility of tools and controls and a mechanism to prioritize them through a structured program that is communicated in financial terms to the board, says Urooj Burney.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
The latest edition of the ISMG Security Report features highlights from interviews in 2021 and examines President Joe Biden's executive order on cybersecurity, ransomware response advice and assessing hidden business risks.
How industry leaders use data to be more secure, resilient and innovative.
forging the future
What do Nasdaq, McLaren, Slack, Domino’s and NewYork-Presbyterian Hospital have in common?
They — and more than 30 other leaders across industries — all use real-time insights from Splunk to drive outcomes,...
F5 Shape Security provides real-time monitoring & intelligence that protects firms from both human and bot-driven fraud before they can impact their businesses, all without disrupting the customer experience.
Forrester found in their survey that organizations that deployed Shape Security improved bot blocking by up...
F5 Shape Security provides real-time monitoring and intelligence that protects firms from both human and bot-driven fraud before they can impact their businesses, all without disrupting the customer experience.
Forrester found in their survey that organizations that deployed Shape Security improved bot blocking by...
Ransomware has had a profound impact on businesses and the cyber insurance market at large, resulting in the need for greater transparency and enhancements to your cybersecurity practices.
Cyber insurance is not a substitute for cybersecurity and organizations of all sizes will need to enhance their...
Critical issues in India's digital lending ecosystem were identified by a RBI working group. These include the existence of fake and illegal apps and unscrupulous money recovery practices. Establishment of a self-regulatory body to oversee operations of lending platforms is recommended.
The top cybercrime threats facing organizations in Europe and beyond include ransomware affiliate programs, more sophisticated mobile malware and cryptocurrency-hawking investment fraud, among other types of crime, according to Europol's latest Internet Organized Crime Threat Assessment.
Four editors at ISMG discuss important cybersecurity issues, including law enforcement agencies' crackdown on ransomware operations, how banks are building their technology stacks to counter card fraud and whether the "work from anywhere" model is beneficial for employees in the long term.
Don't click phishy links. Everyone knows that. But are your end users prepared to quickly identify today's tricky tactics being used by bad actors? Probably not. Cybercriminals have moved beyond simple bait and switch domains. They're now employing a variety of advanced social engineering techniques to entice your...
A federal grand jury has indicted the owner and manager of several medical testing labs for his alleged connection with more than $100 million in fraudulent COVID-19-related and other healthcare services billing using Medicare beneficiaries' private information.
There’s no question 2020 and 2021 have brought unanticipated changes and challenges for Financial Services and beyond. The notable surge in consumers’ use of websites and mobile apps for their banking transactions and service interactions exposed critical gaps in digital identity and authentication methods. These...
Multiple cybercriminal groups appear to be targeting relatively new entrants in the space with phishing attacks. In what cybersecurity analysts at Group-IB call a "cannibalistic approach," these gangs are impersonating underground card shops to dupe the newbies for monetary gain.