Kaspersky security researchers have reported on thousands of notifications of attacks on major banks located in the Sub-Saharan Africa (SSA) region. The malware used in the attacks indicates that the threat actors are most likely to be an infamous Silence hacking group, previously known to be responsible for the theft of millions of dollars from […]
Virtual Cabinet is a secure document management software and client portal system. For 20 years, it has offered businesses a convenient and secure means of sharing documents with their clients, with in-built electronic signature capabilities. This speeds up business processes and automates core workflows, enabling greater collaboration and productivity. Virtual Cabinet now has around half […]
Mimecast has announced new research commissioned by IDG Research on the factors leading financial services organisations to reprioritise how they manage compliance. Financial services organisations like retail banks, investment firms and insurance companies have always operated under stringent regulations and controls. However, increasing regulatory frameworks and evolving security threats are making compliance an increasing priority […]
Veracode, a leading provider of application security testing (AST) solutions, has released findings from its State of Software Security (SOSS) Volume 10 report showing the finance industry fixes 76% of flaws in its software, well above the average 56% across all industries. Yet the report also found financial services institutions were the second slowest industry, […]
Black Friday and Cyber Monday are two of the biggest days in the retail calendar when countless items are reduced in the run-up to Christmas. But even though it can be an exciting time for consumers, cyber criminals can also be busy on their devices. With this in mind, a number of industry experts have […]
According to Indi Siriniwasa, VP at Trend Micro Sub Saharan Africa, the recent state of Distributed Denial of Service (DDos) attacks on several South African financial institutions has once again highlighted the importance of having an integrated cybersecurity approach reflective of the requirements of the always-on world. Below is what Siriniwasa had to say. Sadly, […]
Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, has announced it has signed with Ethias, one of Belgium’s leading insurance companies. As a result of the long-term agreement, the carrier will implement Force, Shift’s fraud detection solution, during a three-phased project. The first phase will cover Ethias’ auto insurance […]
A UK government committee has warned that regulators must act to reduce an increased amount of IT failures in the financial services sector. The number of incidents has been deemed ‘unacceptable’ by the Treasury Committee. With online banking so popular in the digital era, customers are relying on online services in order to manage their […]
Today is D-Day for for banks and the City of Johannesburg to pay ransom demands that were sent through by hackers last week. It is alleged that two separate groups of hackers are threatening to close down the finance sector and local government at a time when South Africans would be paying municipal bills and […]
Kuwait Credit Bank has enabled a cloud-based Disaster Recovery backup system allowing it to respond robustly to unexpected emergencies. Kuwait Credit Bank (KCB) has enabled a Disaster Recovery backup system o the cloud after forming a strategic partnership with EBLA Computer Consultancy and Microsoft Kuwait. This will enable KCB to retrieve its vital data from […]
