Financial services are big targets for cybercrime and with the average cost of a US data breach at US$8.64 million, it’s a detrimental price to pay for not taking security seriously. As the world shifts from physical to online, credit unions are doubling down on web applications to improve access and ensure vital financial services […]
Consumer and business credit reporting and credit risk management solutions agency, Buró de Crédito, needed its network security to scale to meet the business challenges brought about by growing demands for Digital Transformation. Rene Salinas, CIO and CSO, tells us how the company has implemented Forcepoint NGFW to meet the requirements. Buró de Crédito is […]
It has been reported that the European Banking Authority’s email servers have been compromised in a global Microsoft Exchange cyberattack. The EU body said personal data may have been accessed from its servers. And it had pulled its entire email system offline while it assessed the damage. In a statement it said: “The EBA is […]
It has been reported that the European Banking Authority’s email servers have been compromised in a global Microsoft Exchange cyber-attack. The EU body said personal data may have been accessed from its servers. And it had pulled its entire email system offline while it assessed the damage. An EBA statement said: “At this stage, the […]
TM ONE’s digital solutions and services will realise Bank Islam’s transformational strategy. Bank Islam has appointed TM ONE to lead its Digital Transformation strategy. The collaboration is aimed at exploring TM ONE’s role in becoming the primary digital solutions provider to Bank Islam for digital infrastructures such as data centre and Cloud α (Alpha) services, […]
In a first-of-its-kind exercise in the UAE, the Central Bank of the UAE (CBUAE), and UAE Banks Federation (UBF), in collaboration with KPMG Lower Gulf conducted a cyberwar gaming exercise, a simulation drill designed to test the UAE banking sector’s cyber resilience, as well as strengthen its capability to deal with increasingly sophisticated cyberattacks. CBUAE, […]
Ninety One is a South Africa-based independent, active investment manager dedicated to delivering compelling outcomes for its clients, managing more than £119 billion (2.6 trillion rand) in assets. Recently it implemented Customer Identity and Access Management (CIAM) infrastructure, including Single Sign On, Multi-factor Authentication (MFA). Scott Carr, IT Platforms Manager, Ninety One, tells us why […]
The Reserve Bank of New Zealand (Te Pūtea Matua) is responding to a breach of a third-party file sharing service used to share information with external stakeholders. Governor Adrian Orr says the breach is contained but it will take time to determine the impact. “We are actively working with domestic and international cybersecurity experts and […]
Trust Stamp and DirectID have launched a bank and document authentication solution backed by secure facial biometric matching. Trust Stamp, an AI-powered authentication company dual headquartered in Atlanta (US) and Cheltenham (UK), and DirectID, an open banking solutions provider that enables organizations to increase operational efficiency and overcome challenges presented by risk, compliance and fraud […]
Thales showcases the world’s only double-sided ID card reader, the first to be able to examine ID cards or driving licenses in the cloud in less than four seconds. The design of the intelligent reader allows to speed up the process, while guaranteeing a high security level, and offering cost benefits to the operators. It […]
