Pulse of Truth

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Cyber Security news and links to cyber security stories that could make you go hmmm. The content is exactly as it is consumed through RSS feeds and wont be edited (except for the occasional encoding errors).

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krogoth@infosec.pub

Studies: Banks Penalize Bad Cybersecurity With Higher Rates (www.bankinfosecurity.com)

submitted 21 hours ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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CFOs Should Know: Lackadaisical Security Carries a PriceBad cybersecurity is bad for business. A badly secured business may pay as much as ten extra basis points for a loan than its posture had been up to scratch, find academic studies examining how U.S. banks price debt. The bill for poor cybersecurity could run hundreds of thousands of dollars.

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[–] Onomatopoeia@lemmy.cafe 0 points 14 hours ago

Bank business is all about transferring risk to others - whether that's their customers or vendors.