Tag: financial sector
Mr. Cooper breach exposes 14m victims’ data
US mortgage service provider Mr. Cooper has disclosed a breach to the U.S. Securities and Exchange Commission (SEC) affecting over 14.5 million people. Breached data includes names, addresses, phone numbers, social security numbers, dates of birth, and bank account numbers. The Mr Cooper breach is indicative of several trends likely to shape the cybersecurity industry in 2024. The new obligation to report material cyber breaches within four days that came into effect last week on December 15 is widely expected to reveal a huge iceberg of what might have previously been unreported and, therefore, uncounted cyber breaches. The obligation to detail the loss and those affected also puts a big onus on organizations in all sectors to implement systems capable of identifying and tracking any intrusions into their network.
Financial Sector Sees Most Cyberattacks in 2023 – December 20th
Based on a Netwrix survey, the financial sector in 2023 experienced the most cyberattacks among any other sector in 2023. Surveying 1,610 IT and security professionals from more than 100 countries, the survey also revealed phishing and malware to be the most common attacks across all sectors.