Managers of Wealth Fintech

Combating Fraud in Banking Industry

In recent times, the activities of fraudsters have increased and the banking sector is grappling with efforts to tackle this menace headlong.

Concerns and anxieties over financial scams increase due to impact of pandemic

The data reveals the situation is getting worse as the pandemic continues

Banks and fintech firms using tech firms to fight deepfake fraud

Mitek and iProov technology is being used by a number of banking firms as concern grows over online fraud

Working-from-home lessons: employees 'confidently' make 90% of all security awareness mistakes

However, even when learners were wrong, they mostly remained confident in their competences

Preventing cybercrimes

Since theft is mostly about money, banks are among the favorite targets of crack international syndicates employing the latest technology for their crimes.

Fintech Partners Plan Cybersecurity Platform

the @-WISE Cybersecurity Centre of Excellence in Singapore aims to grow and groom cybersecurity talents.

SWIFT Details How Cyber Criminals Encash Stolen Funds

In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.

Kenya Is Africa’s Easiest Target For Cyber Attackers

Nevertheless, a new study by Kaspersky suggests that Kenya is now Africa’s easiest target for cyber gangs.

IDnow acquires Wirecard Communication Services

The fire sale of Wirecard assets continues apace, with digital identity firm IDnow picking up the disgraced German firm's Communication Services unit.

Two Nigerian banks have been hacked, they deny it, here’s a bigger problem

Bank Security, which was the first to disclose the alleged breach said it was a database file “containing PII data of over 53k customers.

Safeguarding Investors Against Cybercrimes In A Digital World

They are privy to personally identifiable information (PII), such as social security numbers, bank accounts, passwords, documents and more.

How cyber criminals are targeting banks with multi-stage phishing attacks

For cyber attacks, criminals will have to contend with some of the most regulated and well defended organisations in the world.

UAE makes significant progress in combating money laundering and terror funding

Smart platform launched to detect financial crimes

New Zealand Exchange hit by cyberattacks, forcing multiple trading halts

DDoS attacks attempt to disrupt a targeted server or network by overwhelming it with a flood of internet traffic.

PHL banking sector ups defense against money laundering

“There is an increased willingness to perceive compliance and fraud as a common financial crime risk—a fraudster is more likely to launder money, and vice versa,”

Data breach management 101: why prioritising your incident response plan matters

The Bill imposes a further mandatory obligation to notify the South African Police Service within 72 hours after becoming aware of a cybercrime

Data protection and the direct marketing dilemma: complying with POPIA and mitigating liability

The most fundamental implication for direct marketing, broadly speaking, is that while the CPA provides rights and remedies for consumers which allows them to “opt-out” of direct marketing

China's network security and data protection: Monthly News - 2020 Nian 8 May

We focus on four aspects: regulatory dynamics, law enforcement dynamics, industry dynamics and international dynamics.

Guidance released on common scam attempts

These emails can often look authentic, and may claim that recipients are being offered a rebate for last year’s bills, notification of a new invoice, or that their email application has reached maximum memory and will begin deleting emails.

Adam Bonah Warns Of More Cyber Fraud Threat In Banks

He further admonished the general public to be vigilant in order not to fall prey to scammers who are after their hard-earned cash.

Cyber Security