Jan 2, 2025 · Financial cybersecurity compliance is the adherence to laws and security regulations setting the minimum standard for data security within the financial industry. These regulations are either established by governments or authoritative security bodies and their application impacts the entire financial services industry, including:

May 22, 2025 · For BFSI companies, data security is a significant challenge that gets more difficult with every passing day, even without the looming threat of a CRQC. Today’s financial institutions are using ...

Apr 25, 2025 · Financial data security is important for protecting sensitive financial information from unauthorized access, theft, and misuse. Strong security measures help financial services companies avoid data breaches, financial losses, and harm to their reputation.

Aug 5, 2024 · Learn how to protect sensitive financial information with our comprehensive guide on finance data security. Discover key concepts like the CIA Triad, best practices, common security measures, and relevant laws and regulations to safeguard your financial data.

Apr 3, 2025 · Cybersecurity is paramount for the financial services industry because it deals with vast amounts of sensitive financial and personal data. Protecting this data is essential to maintain trust, ensure regulatory compliance, and prevent financial losses.

OFDSS establishes 79 individual security requirements across 13 control domains that address common data security risks. These requirements are contextualized with implementation guides, along with audit steps for ensuring compliance.

Mar 31, 2025 · As cybersecurity threats and regulatory changes rapidly evolve, strong data protection strategies are more important than ever for financial services institutions to enhance data security, maintain compliance and ensure operational stability.

Thales can help financial service providers mitigate risks, control costs and accelerate digital transformation by optimizing and automating data-centric protection throughout their hybrid IT environments.

We share tips to keep data secure and champion dual cyber security and accounting best practices throughout your organization. Also, we examine how cloud-based accounting software helps keep data safe and secure.

May 10, 2024 · Individuals can fortify their financial data security through several practices. First and foremost, it’s crucial to create strong, unique passwords for each financial account and use multi-factor authentication (MFA) wherever possible.

Learn the Keys to Protecting Financial Data. The financial industry deals with tons of sensitive financial and personal data every minute, making it a longtime favorite target for cybercriminals.

Fiserv offers a full suite of cybersecurity solutions to help protect your organization from increasingly sophisticated and targeted cyberattacks. Every second counts when your institution is under attack from ransomware or other cyberthreats.

Oct 27, 2021 · The Federal Trade Commission today announced a newly updated rule that strengthens the data security safeguards that financial institutions are required to put in place to protect their customers’ financial information.

Jan 27, 2025 · The EU General Data Protection Regulation (GDPR) enters its seventh year in May 2025. New cybersecurity and operational resilience legislation and related guidance are coming into force to regulate new and challenging technologies, several of which will affect financial services firms. View article here.

Apr 23, 2025 · Cybersecurity in financial technology refers to the practices, technologies, and frameworks designed to protect digital financial services from unauthorized access, data breaches, and other cyber threats.

Jan 15, 2025 · In this guide, we’ll cover the 15 most important cybersecurity regulations for financial services providers. We’ll show exactly which ones—from GDPR and PCI DSS to MAS TRM, CBEST, and others—apply to your organization, and explain, in plain in English, what they are, how they impact your business, and how you can initiate a path for compliance.

Cybersecurity in financial services encompasses a broad range of practices, technologies, and policies designed to safeguard financial institutions and their customers from digital threats.

Dec 4, 2024 · In this article, we explore the unique data security challenges in financial services, best practices to protect customer information, and how advanced technologies are fortifying the industry’s digital defences. Financial data is among the most targeted by …

Apr 28, 2025 · Here are four crucial things every retiree should know about financial data security and how working with an advisor can help safeguard your wealth. Phishing scams involve fraudsters posing as trusted sources, like banks or government agencies, to trick you into sharing sensitive information.

Jan 10, 2022 · Financial institutions that collect information on more than 5,000 consumers are required to maintain a comprehensive security system. A consumer, in the context of the Safeguards Rule, is defined as an “individual who obtains or has obtained a financial product or service… that is to be used primarily for personal, family, or household ...

Apr 28, 2025 · Protecting Sensitive Assets: Businesses store important data such as research papers, financial records, and clients’ records on servers or in the cloud. If they are breached, then the consequences can be catastrophic and beyond repair. ... Data security risk management recognizes, analyzes, and prioritizes data risks in order to make ...

The key to secure communication. In the 1970s, NSF-supported researchers Whitfield Diffie and Martin E. Hellman developed the groundbreaking public-key encryption algorithms, which use mathematical puzzles to create two keys: a public key that allows anyone to encrypt a message, and a private key, known only to the receiver, that decrypts the message.

May 22, 2025 · "The information that could have been subject to unauthorized access includes name, Social. Security number, driver's license number and financial account information," according to a notice sent to impacted individuals in Maine and the state's attorney general. Read more: Data breach at check casher's vendor affects over 161,000 people

May 14, 2025 · A 2023 study cited by the group—funded by the US Military Academy at West Point—concluded that the current data broker ecosystem is a threat to US national security, permitting the sale of ...

Jan 7, 2025 · Cybersecurity frameworks can help financial organizations meet the requirements of financial regulations and ensure that the financial system operates safely and securely while protecting the rights and privacy of consumers.

May 8, 2025 · The financial services sector is experiencing increased regulatory oversight aimed at enhancing its stability, security, and resilience. On January 17th, 2025, the European Digital Operational Resilience Act (DORA) was enacted, introducing a unified framework to achieve a high level of digital operational resilience across the industry.

May 19, 2025 · Security Top digital loan firm security slip-up puts data of 36 million users at risk. ... Broadcom urged everyone to turn on MFA and any other security settings that their financial institutions ...