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Why Business Leaders Must Get on the Same Page in Evaluating the Financial Impact of Cyber Risk
Date: August 29, 2022
By Sam Linford, VP EMEA Channels at Deep Instinct Ransomware has become a harrowing concern for business leaders, as attack rates and cost continue to spike across industries. It is projected that by the end of this year, annual ransomware damages will reach $20 billion. It’s no surprise then that ransomware has come to represent...
Fortum Says Rising Costs of Nordic Power Trading Are “worrying”
Date: August 25, 2022
By Anne Kauranen HELSINKI (Reuters) – Finnish utility Fortum on Thursday said low liquidity and high price volatility have created a “worrying” situation in the Nordic power market and it may need government help to manage rising margin call costs. Fortum’s Chief Executive Markus Rauramo said trade volumes on Nasdaq’s Nordic Commodities exchange had dropped...
Russian Stocks to Pare Some Heavy Losses by Year-End – Reuters Poll
Date: August 24, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) By Andrey Ostroukh MOSCOW (Reuters) – Russia’s stock market will pare some of its heavy 2022 losses by the end of the year, according to a Reuters poll of ten market experts, having fallen sharply after Moscow dispatched...
How Financial Organisations Can Stay Protected From Financial Data Breaches
Date: August 23, 2022
By Andrea Babbs, UK General Manager of VIPRE Email is a crucial function of business communication, which many organisations strongly rely upon. But as the pandemic brought a new world of remote and hybrid working, it’s arguably more important than ever to keep both individuals and organisations connected – wherever they may be. A staggering 333.2...
Safeguarding Financial Service Organizations’ Critical Data
Date: August 19, 2022
By Andrew Hollister, CSO of LogRhythm Financial services organizations are prime targets for cyberattacks with the plethora of sensitive information contained in their files. This is especially true as more of the world has moved to online banking and organizations transitioned more of their activities to cloud environments due to the pandemic. In June, Flagstar...
The Great Reassessment: Your Cybersecurity Strategy to Kick Start 2023
Date: August 19, 2022
By Steve Bomberger, Head of SEI Sphere Financial services organizations are at an inflection point as we usher in a new era of cybersecurity—one requiring a holistic approach. The ongoing appetite for accelerated digital transformation, coupled with the tailwinds associated with high levels of geopolitical and market volatility, is transforming the way global financial services...