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Financial industry unites to enhance data security, innovation and consumer control


Financial institutions, fintech firms and industry groups launched the Financial Data Exchange (FDX), a non-profit organization to unify the financial sector around the secure exchange of financial data. FDX will address common challenges around the way the industry shares consumer account information to enhance security, innovation and consumer controls. FDX is a subsidiary of the Financial Services Information Sharing and Analysis Center (FS-ISAC). As digitization has impacted every industry, consumers expect protection of their personal … More

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Global IT spending to reach $3.8 trillion in 2019


Worldwide IT spending is projected to total $3.8 trillion in 2019, an increase of 3.2 percent from expected spending of $3.7 trillion in 2018, according to the latest forecast by Gartner. “While currency volatility and the potential for trade wars are still playing a part in the outlook for IT spending, it is the shift from ownership to service that is sending ripples through every segment of the forecast,” said John-David Lovelock, research vice president … More

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Most executives around the world see untrained staff as the greatest cyber risk


The majority of executives (87%) around the world cite untrained staff as the greatest cyber risk to their business according to a new report produced by ESI ThoughtLab in conjunction with Willis Towers Watson. Compounding this finding is the fact that staff training is ranked among the categories to have made the least progress when measured against the NIST cybersecurity framework. ESI Thought Lab surveyed 1,300 organizations with revenues ranging from under $1 billion to … More

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The global cybersecurity workforce gap is widening


New (ISC)2 research shows a widening of the global cybersecurity workforce gap to nearly three million across North America, Latin America, Asia-Pacific, and Europe, the Middle East and Africa. 2018 (ISC)2 Cybersecurity Workforce Study The 2018 (ISC)2 Cybersecurity Workforce Study is based on feedback from a broader, more representative sample of the men and women responsible for securing their organizations around the world. This includes many IT/ICT staff within organizations ranging from large enterprises to … More

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Solving the cloud infrastructure misconfiguration problem


Security incidents involving cloud infrastructure have become a regular occurrence since many organizations began shifting their assets to the cloud. Many of these incidents happen because of misconfiguration. “Cloud misconfiguration is a pervasive issue for a variety of reasons,” says Phillip Merrick, CEO of Fugue. “Development teams might provision cloud infrastructure that contains compliance violations or security vulnerabilities because they either lack sufficient training or there’s a lack of proper controls to ensure compliance up … More

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