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Banking and finance are always changing. To succeed, you need to keep up. Find out about the important trends that are shaping how banks and financial companies manage compliance and risks in 2026.   1. Improved and automated risk assessments   As businesses enhance their handling of risks, individuals dealing with risks in banks and financial services seek simpler methods for evaluating risks and controls. This simplification aids in...

In 2023, the ransomware industry experienced a concerning surge, with a staggering 55.5% increase in victims worldwide, reaching a total of 5,070. However, the landscape looks markedly different in 2024. While the numbers spiked to 1,309 cases in Q4 2023, the ransomware industry has seen a significant decline in Q1 2024, with only 1,048 cases reported. This represents a notable 22% decrease in ransomware attacks...

Hackers have been exploiting a brand-new flaw found in Palo Alto Networks PAN-OS software since March 26, 2024, almost three weeks before it was made public yesterday.   The network security company's Unit 42 team is keeping tabs on this under the name Operation MidnightEclipse. They believe it's the work of one unidentified threat actor.   This security hole, called CVE-2024-3400 (scored 10.0 out of 10 on the severity...

Google is taking legal action against two app developers for tricking people into downloading fake cryptocurrency apps and stealing their money. The accused individuals, Yunfeng Sun and Hongnam Cheung, are believed to be based in Shenzhen and Hong Kong. They allegedly uploaded around 87 bogus crypto apps to the Google Play Store since 2019, leading to over 100,000 users falling victim to their scam.   The tech...

Google has reached an agreement to eliminate vast amounts of data - billions of records detailing users' online activities - as a resolution to a lawsuit accusing the company of monitoring individuals without their explicit consent through its Chrome browser.   The lawsuit, initiated in 2020, alleged that Google deceived users into believing their internet browsing remained confidential when utilizing "incognito" or "private" mode on browsers such...

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) put three security problems on its Known Exploited Vulnerabilities (KEV) list this Monday. They found proof that these flaws are being actively used.   Here are the problems they added:   CVE-2023-48788 (CVSS score: 9.3) - Fortinet FortiClient EMS SQL Injection Vulnerability   CVE-2021-44529 (CVSS score: 9.8) - Ivanti Endpoint Manager Cloud Service Appliance (EPM CSA) Code Injection Vulnerability   CVE-2019-7256 (CVSS score: 10.0) -...

The International Monetary Fund (IMF) has reported a cyber security breach involving the compromise of several internal email accounts. This incident, first detected on February 16, prompted the Washington-based UN financial agency to conduct an investigation with the help of independent cyber security experts.   According to a statement released on Friday, the investigation determined that 11 IMF email accounts were compromised. Immediate remediation actions were taken...

Security experts have found serious security weaknesses in ChatGPT plugins. These flaws could let attackers take over an organization's account on other platforms and get access to important user data, like Personal Identifiable Information (PII).   Amar Basic, Co-Founder at CyberArrow, said, "The problems found in these ChatGPT plugins are worrying. There's a big risk of someone stealing private information or taking control of accounts. Nowadays, employees...