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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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Amit Agarwal Founder at Cyber Infrastructure
Cloud-based services are expected to be the dominant technology in the digital age. According to Cisco Cloud, the cloud will house more than 94% of the workload and computing operations by 2021. Cloud computing is increasing in popularity within eCommerce and other business sectors because of advantages like scaling, improved productivity, lower c...
25 January 2022 /cloud
Tristan Hinsley Cybersecurity Engineer at TDI Security - tdisecurity.com
Just as we wrote about the Top 5 Cyber Attacks in the Aviation Industry, credit unions have faced similar issues as the target of dedicated cyber criminals. In a recent blog post, we talked about the risks that credit unions face in the current threat landscape, but we didn’t talk about specific events. In the first half of 2021 alone, the financ...
29 December 2021 /security /retail
Robert Prigge CEO at Jumio
According to UK Finance, there was an 84% surge in “impersonation scams” at the start of the pandemic as fraudsters looked for ways to capitalise on COVID-19. With our financial lives now heavily online, accelerated by the pandemic and 100 bank branches shutting every month across the UK, financial organisations are under increased pressure to ke...
21 December 2021 /regulation /identity
Mark McCluskie Head of Investigations EMEA at Nuix
Fraudulent activity surging The Office of National Statistics (ONS) has reported that 5 million fraud offences were committed in the year ending June 2021: A 32% increase compared to 2019. Despite the prevalence of fraud across the country, some corporates including financial institutions believe that criminal behaviour isn’t something that they ...
15 December 2021 /security /crime
Reuven Aronashvili Founder and CEO at CYE
Just a few weeks before Halloween, Chicago-based candy-maker Ferrara, famous for Nerds, LaffyTaffy and other treats, experienced a ransomware attack that shut down several of its facilities, making it unable to fill orders during one of its busiest times of the year. This should serve as a warning sign for all retailers as we head into the holiday...
27 October 2021 /security /payments
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
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