96 Results from 2018, /security
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 Information Security
Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf
No, I don’t mean that DNA testing or biometrics necessarily have to be part of every security system, for every financial services firm out there. What I do want to explore, is how financial services firms can strategise, and embed a commitment to security into their make-up. Doing this allows organisations to plan and prepare their response to thr...
23 August 2018 /security /regulation
Retired Member
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 Information Security
Healthcare Industry continues to be a lucrative market for hackers. From 2017 to 2018, a large number of personal data frauds have been reported in the U.S. that highlights the imminent danger that the industry is facing. While some attacks have financial motives, others are purely to get personal data for other illegal uses. The latest phishing
19 August 2018 /security Data Protection Act Issues
It’s encouraging that Britain’s banking watchdog, the Financial Conduct Authority (FCA), is backing more aggressive deployment of the weapons of artificial intelligence (AI) and machine learning (ML) in the fight against crime. However, this poses a dilemma for the main players in the financial services industry. While, the FCA has been demandin...
17 August 2018 /ai /security Banking Strategy, Digital and Transformation
How can investors tell a promising blockchain project from a scam and not give their funds to scammers? How not to lose money when investing in cryptocurrencies? Because of fraudsters, the crypto industry participants lose about $9 million daily. One of the riskiest areas for the investor is the purchase of tokens - digital assets of companies deve...
14 August 2018 /security Financial Risk Management
A whistleblower website, put up in an attempt to persuade Swiss authorities into looking into Fabien Gaglio in more detail, alleges a large-scale financial fraud. The owners of the website, www.hottingersa.com, claim to have exclusive leaked documents from an investigation by the Geneva Public Prosecutor into Gaglio over suspicions that he might ha...
04 August 2018 /security Whatever...
PSD2, the European regulations for Open Banking, is designed to allow a more open and competitive Financial Services sector across the EU. There are pages and pages of information on managing the market, allowing companies large and small to compete, and the Security / Strong Authentication required to allow 3rd parties open access to banking APIs...
02 August 2018 /security Banking Strategy, Digital and Transformation
Keith Stonell Managing Director, EMEA at Guidewire
According to the Allianz Risk Barometer 2018 business owners consider cyber incidents to be the second greatest threat to their organisations – rising from third place in last year’s survey. Cyber threats were second only to business interruption, with respondents citing a cyber incident as the most feared cause of business interruption. With 201...
01 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 Information Security
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