Krebs On Security recently broke the news that First American, a major financial services corporation, had about 885 million real estate documents exposed on its website, with records dating back to 2003. First American is one of the largest providers of real estate title insurance, and these documents contained sensitive information such as Social Security numbers as well as financial data belonging to individuals and small businesses.
Financial institutions handle a great deal of sensitive data and are highly conscientious of where they store and process it. Nevertheless, they are aware of the many benefits that they can gain by using cloud applications. In order to embrace the cloud’s myriad advantages without compromising the security of their data, financial institutions have been turning to cloud access security brokers (CASBs). To find out why, check out our latest episode of Glass Class.
In a recent Bitglass Security Spotlight, we enumerated the risks associated with failing to implement proper data and threat protection in financial services. Financial organizations are often targeted by hackers who are looking to seize personally identifiable information (PII) and nonpublic personal information (NPI) – this information is useful for identity theft and lucrative to sell on the dark web. Data loss prevention (DLP) and access controls are obvious priorities, and while employees generally use managed devices in the financial industry, data leakage is still a common occurrence.
Here are the top cybersecurity stories of recent weeks: