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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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Doug Wick VP, Products and Marketing at ALTR
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
We’re all well aware that passwords are indeed all but useless at this stage, some have been aware for longer, some more aware of the threats, but I think we’re all there: passwords are not sufficient to protect our money or data anymore. There are a few reasons for this, among which are attacks such as phishing, social engineering, and man-in-the-...
26 February 2019 /retail
Uri Rivner CEO and Co-Founder at Refine Intelligence
It looks serious this time: the Trump administration says it’s ready to hit China with direct sanctions for what the US says is a sustained digital industrial espionage campaign. It’s quite unprecedented – at least as far as US policy is concerned – and is intended to apply real-world pressure on China so it stops what the Western world agrees
15 December 2018 /security
In a recent speech at Bloomberg, Megan Butler, Executive Director of Supervision at the FCA, described the threat level facing financial firms as ‘remarkable’. These comments were made in light of a new a report revealing that the root cause of nearly a fifth of operational incidents reported to the FCA in the last 12 months were cyber-related. ...
13 December 2018 /security /regulation
In today’s information age, a daunting challenge for financial organisations of all sizes is determining the right approach to the storage of large volumes of data in a safe, cost-effective, compliant and easy-to-access manner. Deploying solutions on premise can be complicated and put stress on budgets and infrastructure space as the process would...
05 December 2018 /security /regulation
Everyone with kids aged nine and above must be painfully aware of the highly addictive online game that became their single most popular post-school activity. And not just kids are playing it: teenagers, professional athletes, movie stars, and basically people with a lot of spare time all flock to Fortnite, the last-man-standing virtual battle s
21 November 2018 /payments
The new normal in this digital age is the increasing frequency of IT risks and threats, and the relentless, ever-changing IT regulatory landscape. Incidents often begin small but they can upsurge into crises with widespread business and reputational implications. Chief Information Security Officers (CISOs), Chief Information Officers (CIOs) and bu...
25 September 2018 /regulation
Monica Hovsepian Global Industry Strategist, Financial Services at Opentext
There seems to be no shortage of news around cybercrime and fraud at financial services institutions. The latest involves a security breach at one of the oldest cooperative banks in India. Within 24 hours of the FBI issuing a global alert around an ATM cash-out threat, the bank suffered a breach. Hackers executed 12,000 transactions and stole $13...
23 August 2018 /security
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