Managers of Wealth Fintech

UK banks expect rise in cyber crime due to economic downturn

However, despite the gloomy forecast, the majority (62%) of finance firms have seen their IT security budgets reduce due to the downturn.

Canopius provides capacity to cyber solutions provider

"When combined with Canopius' and SCOR's expertise, together we are equipped to deliver unparalleled cyber protection to customers.

European banks hit by Russian hackers

The hackers have a used a series of distributed denial of service (DDoS) attacks on the EIB and other financial institutions.

PwC and Capita win contract to replace Action Fraud

PwC and Capita have signed a five-year deal worth £50 million to take over contact centre operations and provide new fraud reporting tools.

TSB calls on Meta to do more to prevent spiralling levels of fraud

In addition, TSB estimates that over 70,0003 purchase fraud cases - almost 200 a day - took place on Facebook Marketplace in 2022.

Cyber incident reporting guide updated for UK digital infrastructure sector

The updated guidelines also refer back to the regulatory enforcement guidelines published in December 2022

Sure Business specialist becomes most qualified in Channel Islands

These qualifications were designed to give a deeper understanding of cyber security risk, help you keep ahead anew EU guidelines and teach how to establish and optimise programs based on a business’s cyber security framework.

Cyber crime 'will cost businesses $8 trillion this year' says Grant Thornton

“Cyber threats have escalated significantly in recent years and will continue to do so,” according to Mike Harris, cyber and forensics partner at Grant Thornton.

Effort to improve cybersecurity and privacy standards

IASME’s certification mechanism allows organisations to self-certify or to engage with a trained assessor to evaluate the organisation and provide a third-party certification.

In-house legal teams can help cyber security leaders combat burnout

The survey suggested that, although cyber security had not been considered a priority for many businesses in the years leading up to the Covid-19 pandemic

52% of UK Firms to Incorporate Digital Identity

Finance (62 per cent), retail (61 per cent) and travel (46 per cent), were the most popular services used by consumers with digital wallets.

Facephi secures UK certification

British and Irish citizens carrying out work or rental transactions in the UK can thus validate their official documentation digitally and with total security using Facephi's solutions.

NYDFS fines OneMain for cybersecurity violations

The Department’s investigation found, among other things, that OneMain had failed to effectively manage user access privileges to Information Systems that provide access to non-public information from its customers.

Hogan Lovells partner gives testimony to UK Parliament on the future of data privacy

Also putting UK data protection law in the spotlight this month is the 5th anniversary of the GDPR.

Simplify case highlights value of cyber insurance

Cyber insurance can be a valuable tool for protecting your business or personal assets from a variety of cyber-related risks

Modak uses facial age tech from Yoti to verify customer bona fides

Since launching in December 2022, 25,000 teens have signed up for Modak using Yoti’s facial age estimation technology.

Hudson partner launches cyber broker, plots MGA

Before joining HSCM, Von Herberstein was a senior underwriter at Ariel Re.

Avetta Launches Cyber Risk Solution to Give Companies 24/7 Visibility of Cybersecurity Risks in Their Supply Chain

New Avetta One tool identifies potential cybersecurity vulnerabilities and offers ongoing monitoring so suppliers can take actions to protect against cyberattacks

Facctum launches anti-fincrime technology for Nigerian banks

Facctum uses a combination of cloud and state-of-the-art parallel processing technology

ComplyAdvantage takes on payment fraud using machine-learning algorithms

Fraud Detection identifies over 50 of the most prevalent payment fraud scenarios faced by banks and other financial institutions through the millions of transactions they process every day.

Cyber Security