77 Results from 2017, /security
Sadra Boutorabi Product Marketing Director at GPayments
What is PSD2? PSD2 is the second iteration of ‘Payment Services Directive’ (PSD), a European Union (EU) directive first introduced in 2007 to regulate payment services and payment service providers (PSPs). PSD also allowed for better pan-European competition and participation in the payments industry while threatening to break-up the banking indust...
23 August 2017 /security Online Banking
Retired Member
With information security rapidly gaining prominence over the last few years legislators have jumped into action to improve safeguards and public confidence in IT systems. While information security concerns prevail across all industries, in financial services due regard for them is absolutely crucial to the maintenance of functioning markets. Jus...
17 August 2017 /security /regulation
Paul Irvine Director, Major Accounts UK&I at Fortinet
Financial services organisations are at an inherently greater risk of cyber attacks due to the sensitive nature of the data they store, and the monetary motivations of cybercriminals, they are keenly aware of the damage that can result from being a victim of a data breach. In 2016, the financial services sector was the most frequently targeted ind...
17 August 2017 /security Information Security
With the advancement of technology, the world is moving towards the cashless economy system. The internet has facilitated people with e-banking facilities. The recent statistics reveal the fact that there has been a tremendous increase in the number of users opting for internet banking. According to a research, it was found that around 35% of the...
17 August 2017 /security Online Banking
The rise in popularity of the Internet of Things (IoT) and a consumer desire to access valuable data on various devices has led to network security becoming increasingly complicated for financial services providers. As financial institutions transition their network security strategies to meet these consumer demands and grant greater individual acc...
15 August 2017 /security Information Security
The technology requirements to analyse large data sets have never been more in demand in Financial Services. In 2017 financial institutions are creating vast swathes of data far beyond what we saw just a decade ago. However, it’s not just data volume that makes powerful data analysis such an important consideration, its regulation. Financial Servi...
11 August 2017 /security /regulation Data Protection Act Issues
The online payments landscape is one of the fastest growing industries in the world. Global retail eCommerce transaction volumes for products and services reached US$1.9 trillion in 2016 and are estimated to grow to over US$4 trillion by 2020. With such large volumes and the constant evolution of the digital payments sphere, security is naturally t...
08 August 2017 /security Innovation in Financial Services
Robert Siciliano Security Analyst at Safr.me
As you might know, at the end of July, all types of hackers came to Las Vegas to attend Blackhat 2017. During the conference, some pretty scary hacks were exposed, and we can all take this as a lesson on what we are up against in this technology-heavy world. Here are some of the scariest hacks we learned about during Blackhat 2017: Carwash Hijacki...
02 August 2017 /security
In July, more than 15,000 security pros, hackers, hobbyists, and researchers met in Las Vegas for the Black Hat Conference 2017 at Mandalay Bay in Las Vegas. This was the 20th year that the security conference was held, and both black and white hat hackers joined together to discuss security. For two decades, Black Hat has gained a reputation for ...
29 July 2017 /security
The term, or in this case the word “blackhat” in tech generally refers to a criminal hacker. The opposite of black is white and a “whitehat” is a security professional. These terms originate from the “spaghetti western” movies when the bad guy cowboy wore a black hat and the law wore white hats. Fun huh?! Blackhat is also the name of the largest c...
28 July 2017 /security
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