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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 […]

Financial services remains most attacked APAC industry

Thirty-six percent growth in Web application and API attacks against APAC financial institutions as they expand and accelerate digital innovation. Akamai Technologies has released its latest State of the Internet report – The High Stakes of Innovation: Attack Trends in Financial Services. The report highlighted that the financial services sector in APAC continues to be […]

Defining cybersecurity success with Vectra AI

Tom Gamali, Group CISO for a leading Middle East organisation operating across seven core business sectors, speaks to Intelligent CISO about the organisation’s ground-breaking partnership with Vectra AI and how this has enabled increased network visibility. He also outlines the company’s strategic priorities when operating with security top of mind.   As a leader in International […]

Cybersecurity breaches triple for financial services firms

The number of cybersecurity breaches for UK financial services firms has tripled from the years 2021-2022 and 2022-2023, with the highest number of breaches being reported within the pensions sector. A report from the international law firm, RPC, highlighted that the number of breaches reported to the Information Commissioners Office (ICO) has increased from 187 to […]

NatWest Group teams up with AWS to harness the power of Generative AI

NatWest Group has announced that it is expanding its collaboration with Amazon Web Services (AWS) to accelerate the use of Artificial Intelligence (AI) – including AWS’s Generative AI solutions — to more rapidly drive towards its goal of helping 10 million people manage their financial well-being per year by the end of 2027. The move […]

How cybersecurity has evolved in the banking sector

Ricardo Ferreira, EMEA Field CISO, Fortinet, examines industry trends and cyber-risk management in the banking sector. Changes in the banking sector associated with new digital initiatives have ushered in unprecedented cybersecurity risks. As highlighted in recent reports, key activities in the financial ecosystem can be disrupted by cyber incidents, so risk management and secure network […]

Research shows AI most effective method for tackling money laundering threats

AI is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals and research from Feedzai, a leading provider of financial crime and risk management solutions. Feedzai’s The State of Global Anti Money Laundering Compliance Report 2023 surveyed compliance professionals to discover what the biggest threats and opportunities are in the AML […]

More than two-thirds of UK risk professionals expect financial crime risk to increase in 2023

Kroll, a leading independent provider of global risk and financial advisory solutions, has revealed that more than two-thirds (68%) of UK risk experts expect financial crime risks to increase over the next 12 months. The findings come as part of Kroll’s newly released 2023 Fraud and Financial Crime Report, which surveyed 400 risk professionals across four continents. UK respondents were broadly in agreement with their global […]

SANS Institute and Kuwait Institute of Banking Studies partner to fortify cybersecurity education

SANS Institute, a global leader in cybersecurity training, has announced a partnership with the Kuwait Institute of Banking Studies (KIBS), the training arm overseen by the Central Bank of Kuwait. This alliance brings together the expertise of both institutions to deliver an intensive, immersive Cyber Security Leaders Program, designed to create a new front line of cybersecurity […]

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