Cybersecurity Blog: The Cyber Scene is evolving, are you?

Leidos team contributes to Industry Collaboration at BAI Payments Connect in San Diego

In a recent article, The Guardian reported that Bangladesh’s central bank governor, Atiur Rahman, resigned after $81m (£75m) was stolen from the bank’s account at the Federal Reserve Bank of New York in one of the largest cyber-heists in history.

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Why the Financial Services Industry Needs More Than Technology to Defend Against Cyberattacks

Increasingly, businesses of all sizes in every industry have grown more concerned about cybersecurity, but none more so than the financial services sector. According to the 2015 Travelers Business Risk Index, 80 percent of leaders in the banking and financial services sector cite cyber risks as their top concern, overshadowing compliance, legal, and economic concerns.1  (Figure Source: 2015 Travelers Business Risk Index)

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Organizations in the financial services sector have a lot on their plates these days. From dealing with smaller profit margins and challenging regulations, to grappling with higher customer expectations and evolving technologies, there is no shortage of challenges. This includes facing an increase in cyberattacks on the financial services industry.

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The US payment system provides one of the greater challenges within cybersecurity. When most people hear about the payment system within the banking industry, they often have varying degrees of understanding as to what that exactly it is.

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