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Banking & Finance

Regulation remains the strongest multiplier to cybersecurity growth, according to report from Frost & Sullivan

Newly released report ahead of GISEC Global 2024 offers deep dive into current conditions of the region’s cybersecurity industry Dubai, UAE: In 2023, the United Arab Emirates (UAE) actively repelled more than 50,000 cyberattacks daily, according to the UAE Cybersecurity Council. In the first three quarters of the same year, the country successfully prevented over […]


The future for financial services is digital, and the time to transform is now

Paul Holland, CEO of Beyond Encryption, tells us how while some companies operating in the financial sector have benefitted from Digital Transformation, there is still significant work to be done at an industry level. Globally, businesses are increasingly facing pressure to embrace more sustainable methods of operating. For many, this means turning to tech to […]


loanDepot hit by third-party cyberattack

loanDepot, a leading provider of home lending solutions, has become the victim of a cyberattack. The company has been working diligently with outside forensics and security experts to investigate the incident and restore normal operations as quickly as possible. Although its investigation is ongoing, the company has determined that an unauthorised third-party gained access to […]


Why should you ditch periodic security audits in 2024

Andrey Ivashin, CIO, Dyninno Group, tells us why you should ditch periodic security audits in 2024 and why relying on them can cause more harm than good. As industries mature, they often excessively rely on established practices and standards. It is comforting to have industry-established practices to fall back on, even if they no longer […]


Ping Identity survey finds Australians don’t trust banks to keep their personal data secure

New data shows people are concerned about personal data theft when they engage with financial services providers online. Ping Identity, a leading provider of seamless and secure digital experiences, released its annual survey which evaluates Australian consumer sentiment around engaging with brands and businesses online. The report surveyed 1600 adult Australians and identified rising concern […]


Britain’s biggest businesses prioritising cybersecurity in response to escalating threat landscape 

New research into FTSE 100 annual company reports has uncovered key insights into the cybersecurity priorities of the UK’s largest corporations. The research from Veritas Technologies, a leader in secure multi-cloud data management, also reveals a significant focus on ransomware among financial services organisations, with ransomware mentions in annual reports skyrocketing by 88% between 2020-2022. […]


Banco Bmg deploys voice biometrics via WhatsApp

Banco Bmg in Brazil has implemented voice biometrics via WhatsApp for the security of its customers. With the help of Minds Digital, the Voice IDtech pioneer, the bank now offers more convenience and security to its customers. According to the bank, 93% of registered customers are already authenticating by voice and being served faster, generating […]


Rang-Ay Bank fortifies cybersecurity with PLDT Enterprise

Rang-Ay Bank has recently partnered with PLDT Enterprise to deploy Vulnerability Management As-a-Service (VMaaS), through ePLDT – the ICT arm of Philippines telecommunications and digital services provider PLDT. The partnership is pitched as furthering support Rang-Ay Bank’s mission to ensure the security of their online and mobile banking. With the implementation of VMaaS, Rang-Ay Bank […]


BioCatch’s LATAM research reveals surge in stolen devices and spike in mule accounts 

BioCatch, a global leader in digital fraud detection powered by behavioural biometric intelligence, has unveiled its anticipated 2023 Digital Banking Fraud Trends in Latin America (LATAM) report. The report offers an in-depth understanding of the latest risks and prevention strategies for the banking industry in the region, specifically how and where cybercriminals are using social engineering tactics, […]


Akamai research finds cyberattacks on European financial services more than doubled in 2023

Akamai Technologies, a cloud company that powers and protects life online, has released a new State of the Internet report that explores existing and emerging cyberattacks against the financial services industry.  The new report, The High Stakes of Innovation: Attack Trends in Financial Services, finds that financial services are the third-most attacked vector in the Europe, Middle East and […]


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