Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

10/12/2016
10:00 AM
50%
50%

G7 Nations Plan To Team Up To Tackle Financial Cybercrime

Group of Seven nations' new guidelines include sharing updates by governments, private firms and regulators, plus joint address of shortfalls.

Worries about growing risks from cybercriminals to the interconnected global financial systems has led the Group of Seven (G7) industrial nations to release guidelines directing members how to monitor their cybersecurity practices from a risk management viewpoint, reports Reuters. These principles, reportedly non-binding, are formulated by G7 finance ministers and central banks.

The guidelines were prepared after a study of existing cybersecurity practices and are aimed at identifying weak points in global applications, says Reuters. Governments and financial companies are told to share updates on joint threats and fight breaches from a common platform. These instructions, seen as a necessity after the US Federal Reserve reported more than 50 breaches between 2011 and 2015, also extend to firms and regulators across the world.

"Maintaining trust and confidence in the financial sector significantly improves when entities and public authorities have the ability to mutually assist each other," the guidelines say.

Read the full report at Reuters.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
Data Privacy Protections for the Most Vulnerable -- Children
Dimitri Sirota, Founder & CEO of BigID,  10/17/2019
State of SMB Insecurity by the Numbers
Ericka Chickowski, Contributing Writer,  10/17/2019
Tor Weaponized to Steal Bitcoin
Dark Reading Staff 10/18/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
2019 Online Malware and Threats
2019 Online Malware and Threats
As cyberattacks become more frequent and more sophisticated, enterprise security teams are under unprecedented pressure to respond. Is your organization ready?
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-8087
PUBLISHED: 2019-10-22
Information Leakage in PPPoE Packet Padding in AVM Fritz!Box 7490 with Firmware versions Fritz!OS 6.80 and 6.83 allows physically proximate attackers to view slices of previously transmitted packets or portions of memory via via unspecified vectors.
CVE-2019-10079
PUBLISHED: 2019-10-22
Apache Traffic Server is vulnerable to HTTP/2 setting flood attacks. Earlier versions of Apache Traffic Server didn't limit the number of setting frames sent from the client using the HTTP/2 protocol. Users should upgrade to Apache Traffic Server 7.1.7, 8.0.4, or later versions.
CVE-2019-12147
PUBLISHED: 2019-10-22
The Sangoma Session Border Controller (SBC) 2.3.23-119 GA web interface is vulnerable to Argument Injection via special characters in the username field. Upon successful exploitation, a remote unauthenticated user can create a local system user with sudo privileges, and use that user to login to the...
CVE-2019-12148
PUBLISHED: 2019-10-22
The Sangoma Session Border Controller (SBC) 2.3.23-119 GA web interface is vulnerable to an authentication bypass via an argument injection vulnerability involving special characters in the username field. Upon successful exploitation, a remote unauthenticated user can login into the device's admin ...
CVE-2019-12290
PUBLISHED: 2019-10-22
GNU libidn2 before 2.2.0 fails to perform the roundtrip checks specified in RFC3490 Section 4.2 when converting A-labels to U-labels. This makes it possible in some circumstances for one domain to impersonate another. By creating a malicious domain that matches a target domain except for the inclusi...