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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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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
Recent research has found that the financial services industry is the sector most heavily investing in cybersecurity solutions, increasing investment 85% compared to last year. With daily headlines of breaches and the demands of the GDPR this investment might be unsurprising. The financial services industry is under immense pressure to keep data...
21 August 2018 /security /regulation
The use of biometric identifications systems in the financial sector is mushrooming as banks, credit card companies, and other institutions adopt them to improve security. Whilst regulations, like the EU’s Payment Services Directive (PSD2) and new ones from The New York State Department of Financial Services (NYDFS), are spurring this by requiring...
31 July 2018 /security /regulation
The World Cup! The largest, most anticipated sports event in the known universe. Millions of football fans are passionately supporting their national teams. But what are Cybercriminals doing in the mean time? Jumping their digital prey while the victims are following the football? Or rather rallying around the flag, supporting their national team a...
11 July 2018 /payments /regulation
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