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Fraudsters are Turning to Third Party Vendors as New Means of Attack as Firms Improve Cybersecurity

The Fintech Times

Using the world’s largest proprietary risk and threat intelligence dataset, SecurityScorecard , the cybersecurity analyser, studied cybersecurity breaches across the UK’s 100 largest companies by market capitalisation, releasing a comprehensive analysis of the landscape of the FTSE 100 in the UK.

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MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

The Monetary Authority of Singapore (MAS) has cautioned financial institutions on the cybersecurity vulnerabilities introduced by the advent of quantum computing. Experts predict that the cybersecurity challenges posed by quantum computing will become a reality within the next decade.

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Ticketmaster Breach Highlights Supplier Cybersecurity Risks

PYMNTS

disclosed it had suffered a data breach, the company also revealed the cause of the cybersecurity incident: a third-party vendor. enterprises are overlooking their supplier relationships when developing cybersecurity strategies. When Ticketmaster U.K. ”

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The Uncharted Territory Of M&A Cyber Risks

PYMNTS

Deloitte research found 79 percent of organizations expect merger activity to grow in the coming year, up from 70 percent that said the same for 2018. According to experts, cybersecurity is becoming an increasingly difficult hurdle to clear during a merger. ” Business Partners At Risk.

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Back To Basics For SME Security

PYMNTS

Small businesses aren’t getting their cybersecurity strategies right, according to new evidence from researchers. Separate research released this month suggests that, indeed, SMEs need to start with the basics. Department of Commerce, acknowledged that cybersecurity may not be at the top of SMEs’ priority lists.

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When Vendors Open Doors To Cyberattackers

PYMNTS

Organizations are ramping up cybersecurity investments in response to the ever-climbing threat of data breaches and cyberattacks. A recent research report released by eSentire found that indeed, vendors present a significant cyber risk to organizations. million business email compromise scam.

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Third-Party Data Breaches On The Rise In The U.S.

PYMNTS

the percentage of companies that faced a data breach because of a vendor or third party was higher at 61 percent, which is up 5 percent from last year and 12 percent from 2016. In a press release announcing the results of the survey of more than 1,000 CISOs and other security and risk professionals across the U.S.