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What Would It Take to Improve Banking Cyber Security?

January 24, 2017

The threat of cybercrime continues to grow year on year. As such, we need our defenses to not only keep-up with, but to outstrip the developments of the criminals – particularly in vital industries like banking. But one UK expert has now suggested the thing that will spark a major change in banking...

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What’s the Real Cost of Getting Hacked?

October 10, 2016

Companies are getting hacked every day. It’s nothing new, they all know it’s a potential risk. But, nevertheless, so many simply remain ill-prepared and vulnerable despite all the evidence and examples of what can go wrong. Why does such an illogical situation persist?Money money...

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New York Banks Face Tougher Cybersecurity Scrutiny

January 5, 2015

The intensity and speed of cyberattacks is mounting globally. And the battle against it is constant and never-ending. Last summer, cyberattacks against JPMorgan Chase and at least four other banks rocked Wall Street.JPMorgan later revealed that the attack had compromised personal data of its...

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US Retailer Target Allowed Hacking to Happen

December 30, 2014

On December 2, 2014, Minnesota Federal Judge Paul A. Magnuson ruled that banking institutions could continue with their lawsuit against Target for direct negligence and failing to protect its customers’ data.In his ruling against Target’s bid to dismiss the lawsuits, Magnuson wrote that although hackers...

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Cost of Data Breach to US Companies is Growing

December 16, 2014

2014 has been a year of big and controversial data breaches, with iCloud hacked and hundreds of compromising images of Hollywood celebrities stolen and posted on 4chan.In August, USIS, a major U.S. contractor that runs background checks for the Department of Homeland Security, suffered a...

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