2238 Results from /security
Dirk Labuschagne Chief Information Security Officer at Direct Transact
The past year was the worst on record for ransomware attacks around the globe. In the past year, ransomware attacks were the worst on record due to an estimated 92% year-on-year global increase. Criminals made off with more than $1 billion in cryptocurrency payments from victims and left a trail of destruction in their wake. This is why ransom
04 November 2024 /security /regulation Information Security
Erica Andersen Marketing at smartR AI
The rise of large language models (LLMs) and other AI systems has created an insatiable demand for data. While these models offer incredible potential, their hunger for data presents a significant challenge for enterprises striving to maintain data privacy. We also need to see data privacy within the whole data is power context to guarantee a long
04 November 2024 /ai /security Artificial Intelligence and Financial Services
Ellison Anne Williams CEO at Enveil
It takes only a quick scan of daily media headlines to know we are collectively riding a wave of artificial intelligence. But, for all the benefits that come with AI — and there are many — there is also a downside to consider, especially in the business arena. While AI is helping make financial institutions smarter, faster, and more efficient, it ...
30 October 2024 /ai /security Artificial Intelligence and Financial Services
Prashant Bhardwaj Innovation Manager at Crif
Digital arrest scams have emerged as a significant threat in the digital landscape, impacting consumer confidence and financial stability. These scams not only result in substantial financial losses but also erode trust in digital payment platforms, which is crucial for the growth of e-commerce and online banking. As financial institutions naviga
30 October 2024 /security /crime Banking
Ilona Cohen Chief Legal and Policy Officer at HackerOne
Over the last few years, the financial industry has been tightening the rules to counter growing cybersecurity threats. Sensitive credit and payment card data are naturally a top target of cyber criminals and therefore a priority for security efforts, especially as the cost of data breaches rises to an average of $4.88 million. This is where the...
28 October 2024 /security /regulation Banking Regulations
Dmitriy Shcherba PR & Comms Manager at Erbis
Why Outsourcing Cybersecurity Will Define Your Resilience Against Tomorrow’s Threats. As we inch closer to 2025, the cybersecurity battleground is evolving at a startling rate, demanding not just more vigilant defenses but also a transformative approach to safeguarding digital assets. For today’s decision-makers, it’s no longer simply about inst...
25 October 2024 /security
James O'Sullivan CEO at Nuke from Orbit
As the digital and physical worlds collide, smartphones have become central to our existence. From keeping us connected to our friends, family, and workplaces to providing access to payments, banking, and the online world, the devices in our pockets contain valuable information about our lives. Yet, with this ease of access comes worrying risks. A...
10 October 2024 /security /payments Information Security
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
In the European Union, the regulation of electronic money (e-money) is a critical topic that bridges the gap between technological innovation and financial security. The legal framework primarily governing e-money in the EU is the Second Electronic Money Directive (EMD2), which was adopted in 2009 and implemented by Member States in 2011. This dir...
09 October 2024 /security /regulation Banking Regulations
Correspondent banking relationships are vital for facilitating international transactions. However, the reliability of these correspondent bank accounts is crucial for mitigating risks, including fraud and financial instability. Here are five essential steps to ensure the reliability of correspondent bank accounts. Step 1: Verify Regulatory Compli...
02 October 2024 /security /regulation Financial Services Regulation
Prashant Bansal Sr. Principal Consultant at Oracle
Abstract Adaptive security architecture has emerged as a critical cybersecurity approach in today’s dynamic threat landscape. This framework, built upon four foundational pillars, emphasizes proactive measures to anticipate, prevent, detect, and respond to security threats. By shifting away from reactive strategies, organizations can mitigate risk...
01 October 2024 /security Information Security
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