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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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Aleksandr Khelemskiy Product owner at Covery.ai
Every business tries to optimize its profitability by maxing out the revenues and minimizing the expenses. Some expenses (like logistics, product storage, or service development costs) can be managed internally. Unfortunately, there are lots of external expenses like chargebacks, which a business cannot control. While there will always be legitima...
29 June 2021 /security /payments
Rick Goud CIO at Zivver
When speaking to IT professionals in the finance sector about email security, they are often unaware that the majority of data leaks are caused by employee behaviour. Latest security incident reports from UK privacy regulator the Information Commissioner’s Office (ICO) quantify the extent of the problem. Its Q3 and Q4 figures show that from 1 Oc...
08 June 2021 /security /regulation
Retired Member
Financial services are at the heart of our global economy and it’s safe to say cybercrime is a major risk for the banking system. Cybersecurity has become a vital investment for the financial sector. In 2019, Jamie Dimon, CEO of J.P. Morgan Chase & Co stated that, “Cyberattacks may very well be the biggest threat to the U.S. financial system.”...
28 May 2021 /security /predictions
Nigel Thorpe Technical Director at SecureAge
While COVID-19 has drastically reduced our use of cash, rumours of its death are greatly exaggerated – at least for now. While the number of cash machines has been reducing, there are still over 60,000 ATMs in the UK and according to Link, a total of £81bn was withdrawn from them in 2020. Every one of these transactions is a possible doorway to a ...
28 April 2021 /retail /covid-19
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
As the world is moving towards digitalization, cyber-security threats are becoming more sophisticated than ever. There has been increasing number of attempts in recent times where hackers have been targeting organizations by capitalizing on vulnerabilities that their third-party vendors and suppliers are exposed to. Securing client data that inc
19 April 2021 /security /regulation
Scott Cutler Director, at Fortinet
Remote working saw a spike like never before during the first half of 2020, with workers across the globe forced out of the office and into lockdown to curb the spread of Covid-19. There wasn’t a single industry that went unaffected by the pandemic, but financial services in particular witnessed a huge change in the way it functions. Thanks to har...
14 April 2021 /security /crime
Financial institutions are some of the most heavily targeted organizations by cyber criminals, and it’s easy to see why; financial institutions have the most to lose. Reputation is king in financial institutions since they can only function with an underlying consumer trust in the safe handling of their monetary assets, and data breaches typically...
12 April 2021 /security /predictions
As companies undertake their digital transformation, the risks in terms of cybersecurity are constantly increasing. As cybersecurity can be a very technical field, one may wonder – how should reporting cyber metrics to the Board of Directors be handled? When it comes to implementing an company-wide cybersecurity strategy, security managers such as ...
17 February 2021 /security /regulation
As businesses scrambled to enable more flexible and remote working environments, embracing digital capabilities has become essential for all in 2020. The corporate world has been working around the clock to keep business functioning as usual amid the crisis and this was undeniably more difficult for some. In the Financial Services (FS) industry, f...
18 January 2021 /security /cloud
Jason Johnson Co-Founder and Penetration Tester at Predatech
The unprecedented events of 2020 have had a significant impact on the way cyber criminals have developed and administered attacks. Not only are we seeing the emergence of Ransomware 2.0, we're also seeing a continued explosion in invoice and payment-based business email compromise (BEC) fraud. A BEC attack, also known as man-in-the-email, involves...
14 December 2020 /crime /predictions
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