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The risks from Cyber cime - Hacking - Loss of Data Privacy - Identity Theft and other topical threats - can be greatly reduced by implementation of robust IT Security controls ...
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Jimmy Fong CCO at SEON
2020 may have been the Year of DeFi, but 2021 might go down as the year of Buy Now Pay Later (BNPL). BNPL services are growing at a rate of 39%, with major players like PayPal, Amazon and Square all acquiring existing BNPL companies in multi-billion dollar deals and challenger banks like Revolut and Monzo developing their own offerings. Klarna rem...
18 October 2021 /payments /crime
Matt Sanders Director of Security at LogRhythm
Banks and other businesses in the financial services industry are prime targets for cyberattacks with the plethora of sensitive information contained in customers’ files, especially as more of the world transitioned to online banking and alternative/contactless forms of payment during the pandemic. Now, a new wave of embedded finance, Banking as a...
14 October 2021 /security /regulation
Adam Pogorzelski CEO at Code & Pepper
The UK is a very demanding market for everybody. Including FinTech, which must operate similarly to regular banking institutions. Both legal and technological requirements are there to protect customers’ money. Applied FinTech security standards benefit customers and FinTech organizations and please regulators. What regulations should you take ca
30 September 2021 /security /regulation
Eyal Worthalter Vice President – Global Solution Sales at Utimaco
This year has been hit hard by cyber-attacks, with many major companies experiencing compromission by hackers, such as Microsoft’s Exchange Server, and Australia’s Nine Network, which was taken off air. Most recently, a hacker stole $600m in cryptocurrencies from a blockchain finance platform in what could be the biggest hack ever, and T-Mobile ...
26 August 2021 /security /crime
Retired Member
Ransomware on the rise: What are the risks? As financial technology becomes increasingly sophisticated and ubiquitous, so too do the risks of cybercrime. Financial institutions are prime targets for a litany of attacks including ransomware due to the vast quantities of critical value data (CVD) relating to its customers and employees. Ransomware ...
06 August 2021 /security /crime
Aleksandr Khelemskiy Product owner at Covery.ai
Every business tries to optimize its profitability by maxing out the revenues and minimizing the expenses. Some expenses (like logistics, product storage, or service development costs) can be managed internally. Unfortunately, there are lots of external expenses like chargebacks, which a business cannot control. While there will always be legitima...
29 June 2021 /security /payments
Rick Goud CIO at Zivver
When speaking to IT professionals in the finance sector about email security, they are often unaware that the majority of data leaks are caused by employee behaviour. Latest security incident reports from UK privacy regulator the Information Commissioner’s Office (ICO) quantify the extent of the problem. Its Q3 and Q4 figures show that from 1 Oc...
08 June 2021 /security /regulation
Financial services are at the heart of our global economy and it’s safe to say cybercrime is a major risk for the banking system. Cybersecurity has become a vital investment for the financial sector. In 2019, Jamie Dimon, CEO of J.P. Morgan Chase & Co stated that, “Cyberattacks may very well be the biggest threat to the U.S. financial system.”...
28 May 2021 /security /predictions
Nigel Thorpe Technical Director at SecureAge
While COVID-19 has drastically reduced our use of cash, rumours of its death are greatly exaggerated – at least for now. While the number of cash machines has been reducing, there are still over 60,000 ATMs in the UK and according to Link, a total of £81bn was withdrawn from them in 2020. Every one of these transactions is a possible doorway to a ...
28 April 2021 /retail /covid-19
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
As the world is moving towards digitalization, cyber-security threats are becoming more sophisticated than ever. There has been increasing number of attempts in recent times where hackers have been targeting organizations by capitalizing on vulnerabilities that their third-party vendors and suppliers are exposed to. Securing client data that inc
19 April 2021 /security /regulation
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