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You’ve probably read many times that two-factor authentication is a superb extra layer of protection against a thief hacking into your accounts, because gaining access requires entering a One Time Pas...
In 2015, depending on the kind and type of identity theft we are talking about, identity thieves impacted 1.5 million people or more, says the Javelin Strategy & Research report. That’s more than ...
Two thousand credit card payment terminals stand to become infected with malware called Trinity point of sales. Ten million credit cards were stolen by hackers, called Fin6, who may end up scoring $40...
The former CFTC commissioner Bart Chilton went on record with CNBC saying that the Source Code requirements in Regulation Algorithmic Trading (REG-AT) is extreme overkill and a very slippery slope. Ma...
“Anonymous” is an activist hacking group that has recently boasted that it will engage in 30 days of cyber assaults against “all central banks,” reports an article on cnbc.com. And their bite is as bi...
It is well known that financial criminals are adept at finding the weakest link in a bank’s, or the banking systems, defence to attack. They can often do this by avoiding the immediate defensive measu...
The year 2016 - popularly declared as the year of innovation - offers a safe cloud to the banking sector with launch of better practices, the advent of Artificial Intelligence and biometrics and creat...
With digital innovation comes cybercrime and responsibilities. SWIFT and the Bangladesh Central Bank loss of $80 million demonstrating this coupled with SWIFT further emphasis ‘we cannot secure our c...
Yes, believe it or not, ransomware has become such a booming business for thieves, that these cyber thugs even provide bona fide customer service departments to guide their victims! When ransomware in...
Back in the days, a long time ago, when animals could still talk, I was working with the Belgian National Police. I was working in a highly secure environment, regularly being trained on the importanc...
For financial institutions, fraud loss can be damaging – both in terms of cost and customer confidence. It’s a crime that has affected many institutions to the extent that fraud loss has evolved into ...
SWIFT, the global messaging network used by banks to send payment instructions, was forced to warn its customers last week that “a number of recent cyber incidents” had taken place on its system invol...