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Finance

Microsoft warns accounting firms of targeted attacks as Tax Day approaches

Accountants are being warned to be on their guard from malicious hackers, as cybercriminals exploit the rush to prepare tax returns for clients before the deadline of US Tax Day. US Tax Day, which falls on Tuesday April 18 this year, is the day on which income tax returns for individuals are due to be submitted to the government. Inevitably it's a busy time for accounting firms and bookkeepers who are feverishly collecting necessary documents from their clients.

Top 10 Cybersecurity Frameworks for the Financial Industry

A healthy financial sector is essential for economic stability and security. Cybersecurity frameworks can help financial organizations meet the requirements of financial regulations and ensure that the financial system operates safely and securely while protecting the rights and privacy of consumers.

Understanding OCR in Banking: Definition and Applications

OCR is the process of using technology to read characters from printed or handwritten text included inside digital images of actual documents, such scanned paper documents (optical character recognition). OCR’s primary function is to read a document’s text and convert the characters into code that may be used for data processing. Another name for optical character recognition is text recognition (OCR).

Doing More With Less: Security Integration and Automation within the Financial Sector

With many financial institutions continuing to feel an impact from The Great Resignation, and seeing tighter budgets across the board in 2023, security leaders are being asked to do more with less. So far in 2023, many organizations are hesitant to hire additional staff or even backfill open positions—forcing many security leaders to make do with fewer people than in the past.

Tokenization: The Foundation of Digital Financial Markets

Migrating traditional assets to blockchain and wallet infrastructure has game-changing benefits, including reduced settlement costs and increased transaction security, speed, and transparency. At Fireblocks, we have already seen advancements in tokenization use cases in the commodities, debt securities, equity securities, and real estate markets. As the tokenized asset market expands, it will enable these assets to be used in new and innovative ways.

White Papers Introducing Direct Custody: Why Financial Institutions Are Choosing To Custody Their Own Digital Assets

As the global transformation to digital assets and crypto goes into full swing, a number of questions are standing out to decision makers at banks and other financial institutions. For one, you may be wondering: As we expand to the digital asset space, what's the best way to custody these new assets? At Fireblocks we have found that FIs often achieve better results by deploying a "direct custody" system for digital assets.