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Banking & Finance

Nuance voice biometrics to boost security at Santander

Nuance Communications, has announced Santander is making phone banking more seamless and secure through Voice ID, a system that leverages Nuance’s market-leading, fraud-preventing biometrics technology. Santander has deployed Nuance voice biometrics technology within its UK contact centre to authenticate customer calls. As part of the Voice ID system, customers will be invited to enrol and […]


Attackers can access personal data and information in every online bank

In its recent report about the vulnerabilities in online banking applications, Positive Technologies experts assessed the security levels of online banks in 2018 and discovered that 54% allowed attackers to steal money. In addition to this, all online banks carry the risk of unauthorised access to personal data and other sensitive information. The analysis by […]


Attackers can access personal data and information in every online bank

In its recent report about the vulnerabilities in online banking applications, Positive Technologies experts assessed the security levels of online banks in 2018 and discovered that 54% allowed attackers to steal money. In addition to this, all online banks carry the risk of unauthorised access to personal data and other sensitive information. The analysis by […]


Trend Micro expert on the tactics used by cybercriminals to rob banks

In the early 1980s, South Africans were gripped by tales of the most infamous bank robbery gangs the country had ever known – The Stander Gang. The gang would boldly walk into banks, brandishing weapons, demand cash and simply disappear. These days, a criminal doesn’t even have to be in the same country as the […]


Microsoft holds ‘Banking Edition’ of CISO Executive Series for Kuwaiti FSI Professionals

Microsoft has held the ‘Banking Edition’ of its CISO Executive Series – a series for an elite set of top Chief Information Security Officers for Kuwait’s Finance sector professionals. The event, held at the JW Marriot, Kuwait City, was specifically tailored for the country’s banking industry to enable its professionals to overcome the rising challenges […]


Hackers move under the radar as banking trojans dominate

New analysis from Darktrace has shed light on the evolving cyberthreat landscape, providing insights into the changing behaviour of cybercriminals in 2018. The research unveils that hackers are seeking profits by using more stealthy tactics, including banking trojans and cryptojacking over traditional methods such as ransomware. The data reveals that the incidence of banking trojans, […]


Number of users attacked by banking Trojans grew by 16%

In 2018, 889,452 users of Kaspersky Lab solutions were attacked by banking Trojans, an increase of 15.9% compared to 2017, when over 767,000 users were hit. The growth partially occurred due increased activities of only one banker, according to an analysis of the financial threat landscape. Attacks with banking Trojans or ‘bankers’ are among the […]


Finance industry is ‘one court case away’ from CMC onslaught

After targeting PPI repayments and penalties for Payday Loan Companies, consumer Claims Management Companies (CMCs) will now set their sights on financial organisations that have suffered data protection breaches, customer experience expert Quadient has warned. In the wake of regulation changes, CMCs are currently focusing their attention on the Payday Loan Companies speeding the collapse […]


LogMeIn expert on how banks and financial institutions can step up enterprise security

Banks and financial institutions are frequently targeted by cybercriminals. Gerald Beuchelt, CISO, LogMeIn, discusses the steps that those operating within this industry vertical can take to strengthen defences and step up enterprise security. Cyberattacks are increasing at an alarming rate and in 2018 we’ve witnessed breaches hit several trusted brands across various industries, including British […]


SBV Services stops millions of attacks thanks to Trend Micro

SBV Services stops millions of attacks while protecting cash in transit, employees, and data with Trend Micro. Overview SBV Services is a leading provider of customised cash services and solutions to reserve and commercial banks, ATMs, and retail environments. Founded in South Africa in 1986, SBV recently expanded its footprint into other African countries and is […]


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