77 Results from 2017, /security
Retired Member
Recently Sudo Security Group uncovered something shocking about a range of popular applications available for download in the Apple's iOS Store. While performing research for their security tool verify.ly, the team discovered 76 of them had the same security hole. Further, according to estimates from Apptopia, a provider of mobile app data and ins...
28 February 2017 /security Information Security
Howard Berg Senior V President,North and Central Europe, BPS at Gemalto DIS
The last decade has seen the global banking industry wrestle with a lethargic economy, historically low interest rates, and a stiff regulatory environment. But the tide of forces squeezing margins could finally take a turn this year. With the impending fintech threat, rising interest rates and regulatory changes, banking institutions are in for a ...
27 February 2017 /security
Steve Cook Digital Identity & Biometrics Consultant
Biometric technology has a number of different user cases in order to ease the customer journey. It can be used as a replacement for the user-name and password as a convenient log-in, or as a simple alternative to password re-sets. It can also be deployed for enhancing on boarding and KYC (Know Your Customer) methods. It has a tremendous advan...
21 February 2017 /security Innovation in Financial Services
In the financial services industry, disruptive technology is generally seen as an enabler of business growth, as well as an enhanced consumer experience. For example, blockchain ledgers have the potential to significantly speed up international payments and also revolutionise the way customer records are stored. However, the rapid advance in cyber...
17 February 2017 /security Banking Architecture
GDPR should make life a lot easier in some ways. If you’re doing business in Europe, it makes sense to be dealing with a set of standard regulations rather than navigating through individual markets’ rules. But the penalties are going to be much tougher for companies that get it wrong. I’d bet that most financial institutions – and they’ll be th...
13 February 2017 /security /regulation
Anthony Walton CEO at Iliad Solutions
A combination of ‘big data analytics’ and ‘distributed ledger technology’ could help financial institutions combat escalating levels of financial crime. This is the view of the FCA, the UK’s financial regulator. Andrew Bailey, the CEO, has a clear view on what should happen over the coming years: “If ever there was an area that strikes me as ripe ...
Banks have traditionally had an aversion to cloud computing over security fears. Whilst just about every other industry has made the transition, banks have been one of the last to adopt cloud technology. It’s now a position that’s becoming harder and harder to justify. Regulators have given both guidance and a green light, and ironically, modern c...
09 February 2017 /security
Robert Siciliano Security Analyst at Safr.me
This post isn’t exactly a “how to” but if your current employment isn’t bringing in the bacon, I’m sure your criminal mind can figure it out. In the biggest digital advertising fraud in the history of the U.S., it was recently found that a group of hackers is bringing in from $3 million to $5 million a day from media companies and brands. That’s s...
08 February 2017 /security
The convenience and speed of online shopping and banking in Europe are said to be under threat by proposed standards from the European Banking Authority (EBA) due to be released in January of 2017. The new rules, issued in response to requirements in the Payment Services Directive, will require “strong customer authentication” for all electronic p...
06 February 2017 /security /regulation
WhatsApp is a data security and compliance nightmare for banks. I get why so many people use it in business. It’s immediate, conveys a sense of urgency and you see when someone’s read your message (so they feel obliged to respond). None of that is true of email. But it’s a real headache. People think it’s secure – and in some ways I can see why th...
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