Fintech – Securitydive

Lloyds Bank Developed a Global Correlation Engine (GCE), to reduce false positive alerts

Lloyd Banking Group secures cybersecurity patent reduce false alarms. Lloyds Banking Group has developed and patented a technology designed to tackle one of the biggest challenges in cybersecurity: the overwhelming number of false positive alerts that can drown security teams in unnecessary investigations. Large organisations often rely on security systems that generate thousands of alerts daily,…

Insurers to see limited hit from CrowdStrike disruption, Fitch says

admin1 year ago1 year ago02 mins

The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be…