In the wake of China’s latest hack, where so-called advanced persistent threats (APTs) accessed U.S. Treasury Department workstations, cybersecurity experts warn that high-risk financial markets must treat third-party cyber risks “as their own.” Criminal actors compromised BeyondTrust, a widely trusted cybersecurity company used by numerous organizations, especially in the federal government. It specializes in providing… Read More >>
Firms Spending More to Counter Cyber-Attacks: Survey
The COVID-19 infection risk has impacted all parts of society, from young children in kindergarten to elders in nursing homes. The pandemic’s very real risk means that many employees have to work remotely, too, often from home and often on their personal laptops or desktop computers, which sometimes are imperfectly protected from online threats. And… Read More >>
CISOs Must Leverage Their Key Role in Cybersecurity
Cybersecurity is definitely (and finally) on the radar of executives and boardrooms of securities trading firms, and financial chief information security officers (CISOs) should make the most of their greater influence upon the top decision-makers, according to the first cybersecurity trends survey that the Financial Services Information Sharing and Analysis Center (FS-ISAC) conducted upon its… Read More >>
Soltra Readies Network to Share Cyber-Threat Intelligence
Soltra, a joint venture of the Financial Services Information Sharing and Analysis Center (FS-ISA) and the DTCC, reports that, over the next several months, it plans to roll out the Soltra Network, which is meant to “connect cyber threat intelligence sharing across intelligence producers, intelligence consumers, communities and cyber security tools.” The Soltra Network will… Read More >>
Soltra Venture Debuts Cyber-Threat Sharing Platform
Soltra Edge, an automated, cyber-security threat-sharing platform has been officially launched via the Soltra joint venture of the Financial Services Information Sharing and Analysis Center (FS-ISAC) and the DTCC, officials say. The Soltra Edge software solution collects cyber threat intelligence from a variety of sources, converts it into a standardized language and enables users to… Read More >>
Fear of Cyber-Attacks Rises Among Financial Services Firms
A new DTCC survey finds that financial services firms now cite cyber-security issues as one of their top concerns as the frequency of major cyber-attacks and security breaches has increased. A “record 84% of respondents” to the post-trade services utility’s Systemic Risk Barometer named cyber-risk as one of their top five concerns, which represents an… Read More >>
Firms Brace for Grim, New Normal of Cyber-Attacks
The outlook for effective cyber-security strategies appears increasingly grim for financial services firms, especially in the wake of the recent massive breach at JPMorgan that saw cyber-criminals make off with gigabytes of sensitive data. Analysts and information security experts say that attack underscores the “new normal” that firms – even ones like JPMorgan that already… Read More >>
Security Group Eases Sharing of Threat Data
(Editor’s note: In a separate story FTF News examines the recent cyber-breach at JP Morgan, an attack that illustrates the immense dangers faced by financial services firms every day in the digital realm. Read about it here.) A financial services industry group that shares information on cyber-security threats is finalizing a solution that will help… Read More >>
