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The risks from Cyber cime - Hacking - Loss of Data Privacy - Identity Theft and other topical threats - can be greatly reduced by implementation of robust IT Security controls ...
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Paul Hampton Security Expert at Thales
On New Year’s Eve 2019, hackers struck foreign exchange giant Travelex and held them to ransom. The London headquartered firm with a presence in more than 70 countries, were forced to take down all its global websites. $6 million was demanded (£4.6 million) to return access or else customer information would be released. Sensitive personal informa...
10 March 2020 /security /crime
Vivek Anand Jeyaraj Principal Product Manager at EdgeVerve Systems
In 2015, two hackers, albeit in a controlled environment, hacked into a Jeep Cherokee through the entertainment system and disabled the transmission. This led to a recall of over 1.4 million vehicles to fix the vulnerabilities that made this attack possible. Today, many such devices, connected directly to the internet are used to pay tolls and also...
31 January 2020 /security
Scott Cutler Director, at Fortinet
From social media apps to exercise tracking and online shopping, today consumers are producing data at an unprecedented rate and businesses of every type are under pressure to ensure the safety of that data and maintain customer trust. But there are few types of data more sensitive than financial information – which means businesses in the financi...
18 December 2019 /security
From “The Italian Job” to “Point Break”, “Bonnie and Clyde” to “Baby Driver”, many of the most popular heist movies are about bank robberies. As it is in fiction, so it is in fact; when bank robberies happen, they are the source of interest, intrigue and impact. And as the majority of the world’s financial information lives and moves online, moder...
14 November 2019 /security
The financial services industry continues to be a prime target for cyber criminals. The opportunities available to steal payment card data, online banking accounts, compromise ATM machines using ransomware, cryptomining, and other malware, is simply too tempting. And the rate and sophistication of attacks is only getting more difficult to manage a...
10 September 2019 /security /regulation
Doug Wick VP, Products and Marketing at ALTR
This is the third and final article of a three-part series which investigates the top five human threats to the data held by banks and financial institutions, and offers a fresh perspective on how the industry can make a fundamental shift away from failed perimeter protection. ____________ As organizations install new hardware or transfer to ...
27 August 2019 /security
This is the second installment in a three-part series which investigates the top five threats to the data held by banks and financial institutions, and offers a fresh perspective on how the industry can make a fundamental shift away from failed perimeter protection. ____________ Banks rely on financial and physical supply chains, information syste...
22 August 2019 /security
This is the first article in a three-part series which investigates the top five threats to the data held by banks and financial institutions, and offers a fresh perspective on how the industry can make a fundamental shift away from failed perimeter protection. ____________ The first step in developing a resilient cybersecurity posture is identify...
21 August 2019 /security
Retired Member
Many people, including myself, are becoming more interested in what’s going on in African banking and fintech. Investors and infrastructure founders such as Dana Buys, Mzi Khumalo, and Dr Segun Aina have certainly played a role in turning attention towards this vibrant, exciting continent. But while we are focused on the opportunities and innova...
11 July 2019 /security /regulation
Konstantin Rabin Head of Marketing at Kontomatik
When thinking of AI in the context of banking, many people immediately start considering the uses of it to be either customer related or somehow used for optimization processes. Even when considering the security applications of AI, the primary purpose that banks think of applying the technology to becomes fraud prevention when in lending operatio...
05 June 2019 /ai /security
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