Topic: financial institutions
-
Keep Payments Running During Cloud Outages
Financial institutions face severe risks from relying on a single cloud provider for payments, as outages can halt transactions and cause major financial and reputational damage. Volante Technologies launched a Multi-cloud Resiliency Service to eliminate this single point of failure, ensuring pay...
Read More » -
Your Encrypted Data Isn't as Safe as You Think
Quantum computing poses an immediate threat through "harvest now, decrypt later" attacks, where adversaries collect encrypted data today to decrypt in the future, creating a long-term confidentiality crisis for financial data. The risk is not a single future event but a continuous vulnerability, ...
Read More » -
Marquis Data Breach Exposes 74+ US Banks and Credit Unions
A ransomware attack on Marquis Software Solutions in August 2025 compromised sensitive personal data, including Social Security and financial account information, for over 400,000 individuals across more than 74 U.S. banks and credit unions. The breach occurred via a compromised SonicWall firewal...
Read More » -
How DORA Reshapes Global Business: The EU's New Reality
DORA establishes the first comprehensive EU-wide framework for ICT risk management, imposing rigorous standards on financial institutions and their technology partners with global implications. It mandates robust risk management protocols, incident reporting, resilience testing, and third-party o...
Read More » -
FinWise Breach: Why Encryption Is Your Final Defense
The 2024 FinWise data breach was caused by a former employee who exploited retained login credentials, accessing sensitive data for 689,000 customers undetected for over a year. The breach exposed inadequate security measures, including possible encryption failures and lack of monitoring for irre...
Read More » -
Indian Bank Data Breach Exposes Thousands of Transfer Records
A significant data breach exposed 273,000 sensitive bank transfer documents from an unsecured Amazon S3 server, compromising account numbers, transaction details, and personal information linked to India's NACH payment system. The Indian fintech firm Nupay acknowledged responsibility for the leak...
Read More » -
US Sanctions North Korean Bankers Over Cybercrime and IT Fraud
The U.S. imposed sanctions on two banks and eight individuals for laundering funds from North Korean cybercrime and fraudulent IT worker schemes, targeting millions in stolen cryptocurrency and sanctions evasion. North Korean IT workers use forged identities to secure global contracts, generating...
Read More » -
Zero-Day Attack Exploits Lanscope Endpoint Manager Flaw
A critical zero-day vulnerability (CVE-2025-61932) in Lanscope Endpoint Manager is being actively exploited, primarily targeting Japanese customers since April 2025. The flaw affects on-premises versions up to 9.4.7.1, allowing attackers to execute arbitrary code via TCP port 443, while the cloud...
Read More » -
Fintech Firm Targeted in $130M Bank Heist Attempt by Hackers
Hackers attempted to steal approximately $130 million from Sinqia S.A., a Brazilian fintech subsidiary, by exploiting stolen credentials to access Brazil's Pix payment network. The breach was detected and contained, with some funds recovered and no customer data compromised, though Sinqia's acces...
Read More »