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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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Scott Cutler Director, at Fortinet
Remote working saw a spike like never before during the first half of 2020, with workers across the globe forced out of the office and into lockdown to curb the spread of Covid-19. There wasn’t a single industry that went unaffected by the pandemic, but financial services in particular witnessed a huge change in the way it functions. Thanks to har...
14 April 2021 /security /crime
Retired Member
Financial institutions are some of the most heavily targeted organizations by cyber criminals, and it’s easy to see why; financial institutions have the most to lose. Reputation is king in financial institutions since they can only function with an underlying consumer trust in the safe handling of their monetary assets, and data breaches typically...
12 April 2021 /security /predictions
As companies undertake their digital transformation, the risks in terms of cybersecurity are constantly increasing. As cybersecurity can be a very technical field, one may wonder – how should reporting cyber metrics to the Board of Directors be handled? When it comes to implementing an company-wide cybersecurity strategy, security managers such as ...
17 February 2021 /security /regulation
As businesses scrambled to enable more flexible and remote working environments, embracing digital capabilities has become essential for all in 2020. The corporate world has been working around the clock to keep business functioning as usual amid the crisis and this was undeniably more difficult for some. In the Financial Services (FS) industry, f...
18 January 2021 /security /cloud
Jason Johnson Co-Founder and Penetration Tester at Predatech
The unprecedented events of 2020 have had a significant impact on the way cyber criminals have developed and administered attacks. Not only are we seeing the emergence of Ransomware 2.0, we're also seeing a continued explosion in invoice and payment-based business email compromise (BEC) fraud. A BEC attack, also known as man-in-the-email, involves...
14 December 2020 /crime /predictions
Companies in the banking sector are undergoing a range of digital transformation initiatives, and while these projects are necessary to remain competitive, they can also bring problems. Making use of modern application design approaches and navigating cloud migrations can create intelligence gaps if not addressed, threatening the reliability and s...
10 November 2020 /cloud /devops
Given the remote nature of most Managed Security Service Providers (MSSPs) business operations, it’s easy to imagine they would be well positioned to deal with the shift to remote (work-from-home), and for the most part that’s true. However, while some say that their transition for their own employees to remote work was quick and effective, MSSPs ...
22 October 2020 /security /covid-19
Remote working has enabled the operational resilience of insurers while offering employees safety and greater flexibility in how they go about their job. But this comes with new cyber security threats. Insurance firms are at a crossroads as they assess their workplace strategies. The shift to remote working has been broadly successful and firms ar...
14 October 2020 /security /covid-19
Nowadays, the financial services industry is more critical than ever. Professional services involving the investment, lending, and management of money and assets keep society running on all levels. From private individuals to global trade and commerce, there is a full digitalization of financial services rapidly under way – and cybercriminals are ...
09 October 2020 /security /retail
Tamas Kadar Founder and CEO at SEON
Throughout the COVID-19 pandemic, we have seen the rapid rise of phishing scams, ID theft and account takeover techniques, as fraud has increased alongside digital activity while consumers shop from the safety of their homes. However, the real fallout of the current fraud ‘boomtown’ will not be felt fully for months to come and the increased level...
28 August 2020 /security /crime
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