96 Results from 2018, /security
Robert Siciliano Security Analyst at Safr.me
Criminals have a reliance on tricking victims to get access to account information, like passwords. This is known as social engineering, and is also called a “confidence crime.” These come in many forms: Do Not Take the Bait of These Phishermen A phishing email that targets a specific person is known as spear-phishing. A spear-phishing email look...
27 July 2018 /security
Retired Member
I work with many companies right across Europe who are starting to realise the direct and in-direct problems associated with password management. How many passwords do we have and how many of us have written them down in places like the back page of a diary? Perhaps even on post-it notes stuck on screens or around desks? What about those critical ...
26 July 2018 /security /regulation Biometrics
There is plenty of talk about cybersecurity both internally and externally. And it’s no surprise that cybersecurity in the financial sector in particular is a huge industry. Cybercrime in general is a $600 billion industry, and at some point in all those breached accounts and compromised security, financial institutions will pay either directly or...
12 July 2018 /security Fintech
Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf
Are you familiar with Transaction Reversal Fraud (TRF)? If you are, I’m sure you’ll be aware of the considerable impact it has on the industry. With thousands of incidents reported annually, TRF has a potential industry cost of millions of pounds per year - significantly impacting bottom lines. TRF is one method used to physically manipulate an AT...
12 July 2018 /security /retail
Fraud is an issue that remains constant in the financial services sector. It creates trust problems between consumers and FIs, it can discourage consumer uptake of new services and it’s expensive for everyone involved. Over £1bn has been stolen from bank customers through credit and debit card fraud in the past 12 months and one in 10 people in the...
05 July 2018 /ai /security
I had the pleasure of interviewing Mr. S. Isaac Daniel, scientist, entrepreneur, founder and Chief Executive Officer, the pioneer and visionary force behind the Elite Influential Club (EIC), Isaac Daniel Inventorship Group, Abanacle Corp (Government-Mission Project), MiNiT IP Holding LLC and MiNiT Financial Service LLC. Former scientific analyst f...
26 June 2018 /security Banking Strategy, Digital and Transformation
Anne Leslie-Bini CEO at Pikcio RegTech
There is a whole bunch of really smart people in FinTech of which Leda Glyptis, Chris Skinner, Sam Maule and all the other gals and guys at 11:FS are just a few. While each has a mind of their own, what they do have in common is a deep-seated conviction that the banking industry isn’t doing a terribly good job of transforming itself and that t...
14 June 2018 /security /regulation Information Security
Businesses across all verticals are dealing with the fallout from shadow IT, whether they realise it or not. Shadow IT refers to technology which is brought into an organisation by individual employees and business units without the knowledge or consent of corporate IT teams. Fuelled in part by its ease of purchase and deployment, SaaS application...
07 June 2018 /security /regulation Business Knowledge for IT
With the heightened usage of digital devices, the security and access mechanisms of these devices are under constant threat from hackers looking to gain access to sensitive information or initiate fraudulent transactions. With account details, card information, passwords, etc. being saved into these devices in order to have quick access to payment...
30 May 2018 /security /payments
If your business operates online no doubt you will have processes in place to help mitigate the risks of fraud to your business. With UK finance fraud losses standing at £618 million in 2016 (Financial Fraud Action UK), fraud is no laughing matter. It’s difficult to juggle the costs of authentication against the risk to your business of fraud. Also...
29 May 2018 /security /regulation Financial Risk Management
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