136 Results from 2015, /security
Uri Rivner CEO and Co-Founder at Refine Intelligence
The Internet of Things represents a dramatic change in life as we know it. As everything around us is brought “online” through the inclusion of sensors, computing power and network connectivity, we will be provided with a much different life experience from what we have today. But if you think today’s cyber attacks on corporate networks are a caus...
14 July 2015 /security Innovation in Financial Services
Robert Siciliano Security Analyst at Safr.me
When someone online presents as a different person than their true self, this is called catphishing, and it occurs on online dating sites. Google the name of the object of your interest. Obviously, “Kelly Smith” and “John Miller” won’t get you far, but “Jaycina McArthur” just might. What comes up? See if they have social media accounts, as these s...
11 July 2015 /security
Retired Member
A lot of things about banking software hinge on how and when it might fail and what impact that will create. This drives all banks to invest heavily in testing projects. Traditionally, banks have been involved in testing software modules from end-to-end and in totality, which calls for large resources. Even then, testing programs are not foolproof,...
10 July 2015 /security /regulation
Do you know what ATM stands for? For crooks, it stands for A Thief’s Moneymaker. A new report from FICO says that “skimming” crimes have made their biggest spike in the past 20 years. This includes ATMs on bank premises, but of course, public ATM kiosks have seen the biggest spike. The thief tampers with the ATM’s card receiver; the installed gadge...
08 July 2015 /security
Veejay Jadhaw Chief Technology Officer, Global Payment Solutions at Finastra
WHY CLOUD MATTERS: When we think about cloud, the things that usually come to mind are cost savings, outsourcing & Infrastructure as a Service (IaaS). While cost saving benefits are relevant, cloud adoption has a much larger strategic value proposition tied to the Digitization Of Financial Institutions, summarized below. Cloud is omni-present ...
07 July 2015 /security Innovation in Financial Services
Ever wonder just what happens to the data in a data breach incident? Does it go into some kind of wormhole in cyberspace, out through the other end? Well, the answer is pretty much so, when you consider that hacked data makes its rounds on a global scale, taking only 14 days to land in 22 countries spanning five continents—according to an experime...
19 June 2015 /security
Security is one of the biggest concerns Banks have about Digital Banking. I already underlined the importance of the topic in different tips, to which too much attention paid (please show some attention to the other tips as they get jealous!) and excellent feedbacks from the readers. That is why, I thought sharing a Security Checklist might be wel...
18 June 2015 /security Innovation in Financial Services
Scamerama is here to stay! Scams are as old as time, and evolve as inventions and technology evolve. Top scams, according to a report on FraudAvengers.com, are as follows: Scammer “accidentally” overpays you for an item you sold online; you cash the crook’s phony check and wire back the difference. You’re out cold. You order something online and i...
17 June 2015 /security
As another academic year comes to an end, many graduates are preparing themselves for a busy three months ahead as a summer intern. It is estimated that there are about 100,000 internships in the UK every year, and a significant amount of these are available in the financial services sector. Unpaid internships have particularly been a hot topic fo...
17 June 2015 /security /regulation
Karim Maalouf Senior Business Analyst at Path Solutions
In the last decade, we experienced the Omni-channel revolution and introduction of new digital banking delivery channels, on which I can cite, internet banking, mobile banking, SMS banking, POS Payments, MNO Agents, etc… In this article, I will concentrate on the mobile banking channel that I believe is considered as the most revolutionary channel ...
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