81 Results from 2019, /security
Retired Member
Regulations and mandates often strike fear in C-suites and compliance managers, as they automatically gravitate toward how these could restrict them or hold back their business. Focusing on the punitive measures that accompany regulations, however, prevents organizations from realizing that compliance can help enterprise’s reach new customers, und...
15 February 2019 /security /regulation Biometrics
Robert Siciliano Security Analyst at Safr.me
Do you fancy yourself a spy and wondering how you can monitor someone else’s cell phone? You won’t get that information here, but there is some good info on cell phone monitoring if you keep reading: The Legalities of Tracking Cell Phones Generally, it is not legal to monitor a cell phone that does not belong to you. However, generally speaking, a...
15 February 2019 /security
I was recently surprised to read an article on Finextra that highlighted Which? had reviewed UK banking security and concluded that seven of the top twelve UK banks did not offer 2FA for online banking. Why this surprised me is that banks have lead the way with 2FA for decades by using the debit card. To take out money from an ATM or spend it in ...
14 February 2019 /security Trends in Financial Services
Gone are the days when hackers would only target retailers. These days, the bad guys an target businesses in any industry, especially those that aren’t quite up on cyber security. The real estate industry is one such group, and according to a recent survey, about half of businesses in the real estate industry are not prepared to handle a cyberatta...
12 February 2019 /security
2018 was an interesting year, with cybersecurity at the forefront in media. We saw dozens of high-profile breaches (e.g., Facebook, Orbitz, MyFitnessPal) and many more low-profile incidents. Cybersecurity preparedness assessments and testing have become a standard cost of doing business. Ransomware is a household term. The EU’s General Data Protec...
12 February 2019 /security /regulation
According to a recent report by MarketsandMarkets, the Regtech market is expected to be worth $12.3 billion by 2023. This is driven by an increase in the cost of compliance, as even more regulations are adopted and the requirement for a more streamlined customer experience proves to be more important than ever. Know your customer, anti-money laund...
12 February 2019 /security /regulation Financial Risk Management
I have some concerns around the use of biometrics for online authentication. I know I’m not the only one, and my thoughts are probably not original, but I’m going to need some convincing before I start to see biometrics as the most secure, futureproof way of moving forward. There are some frequently cited concerns around biometrics, mainly around ...
12 February 2019 /security /retail Biometrics
I recently attended Robotex 18 in Tallinn, Estonia, and watched a very interesting talk given by Koen Maris, CTO of Cyber Security at Atos. His talk seemed mildly inspired by Donald Rumsfeld’s quote, “There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do...
12 February 2019 /security Banking Strategy, Digital and Transformation
As we start to see account hacking and data leakage appear more and more in the media, the rise and need for two Factor Authentication, or 2FA, is inevitable if businesses want to retain their customers’ trust. 2FA only denotes the number of factors required to confirm an identity. Often the first factor is a classic password; the type we forget, s...
12 February 2019 /security Online Banking
Another dive into digital identity, following on from two other pieces that aimed to define digital identity itself, and shed light on the importance surrounding the enrolment process. What I want to cover in this short article is the necessity for the individual attached to the digital identity to be the one in control, and to have physical owner...
12 February 2019 /security /retail Online Banking
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