/security

News and resources on cyber and physical threats to banks and fintechs worldwide.

Discussion
Working from Home: Remote Security or Securely Remote?
Ketharaman Swaminathan

Ketharaman Swaminathan

  When Barclays CEO said tens of thousands of bank staff won't return to skyscrapers as in the past, he didn't mean that they'd work from home. He said that they'd work from bank branch. Source: Finextra Article. I'm not sure if the security dynamics are too different between a bank's HQ and Branch. Long before the pandemic, many bank branches in India - and maybe UK, too - have been using fingerprint for allowing staff to access core banking and other banking systems. Thing is, fingerprint-only authentication doesn't scale too well, considering the extra amount of data that needs to be transmitted and verified. Ditto for face ID and other biometrics authentication. Beyond a certain volume, it's customary for users to have to enter their userid or password in addition to fingerprint, in order to enjoy good enough response times. Biometrics authentication already supplements username / password but I have my own doubts if it will ever replace username / password, especially in a midsize or large bank. 
Harnessing Behavioural Biometrics
Melvin Haskins

Melvin Haskins

  Where do you get the statistic 'two-thirds of British adults now use mobile banking'? I can believe that two-thirds of British adults use internet banking, but not mobile.
The race for alternative data
Ketharaman Swaminathan

Ketharaman Swaminathan

  AFAIK, social media posts is Alternative Data. If so, not sure how it can be claimed that "Alternative data is anonymised and therefore contains no personally identifiable information". 
Explainable AI in banking
A Finextra member

A Finextra member

  AI has had a significant impact on every industry that has implemented it. Banking sector is surely will be one it is benchmark
Richard Dupree

The Three Lines of Defence: Time to Recall the Kraken?

Richard Dupree - Contributing Editor, Finextra
Security Analysis
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On-Demand Webinar - The Future of Cloud Computing in Capital Markets
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On-Demand Webinar - The Future of Cloud Computing in Capital Markets

An Asset Servicing Use Case: Best Practices for Success on the Cloud

On-Demand Webinar - How to address increasing fraud and social engineering threat in the mobile chan
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On-Demand Webinar - How to address increasing fraud and social engineering threat in the mobile chan

Increasingly sophisticated fraud and social engineering attacks are on the rise. Banks are required to future-proof their online and mobile banking against ever evolving attacks like trojans, spear phishing or voice phishing.

On-Demand Webinar - How merchants can turn the challenge of SCA into a business boost
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On-Demand Webinar - How merchants can turn the challenge of SCA into a business boost

Implementing Strong Customer Authentication (SCA) has complex challenges for merchants in the UK and across EU countries. What is becoming fast apparent, however, is that this is an important part of the new payments landscape and needs to be tackled intelligently.