Managers of Wealth Fintech

Old Mutual suffers system hack

Despite suggesting that South African banks may be vulnerable to cybercrime, the hack has also shown that at the very least, Old Mutual has systems in place to protect the most sensitive of customer data.

SEC Issues Ransomware Risk Alert Highlighting Cybersecurity Best Practices

In highlighting these best practices, OCIE also reiterated findings from its 2014 Cybersecurity Initiative

The Cyber Menace And How Wealth Managers Should Face It by Jaco Cebula, Multrees

Understanding of different data domains – it is vital that individuals understand where and how corporate data is stored e.g. local devices, corporate network, cloud etc., as well as the risks inherent in each.

Russian Hackers Use Malware To Target Mobile Banking System

When the malware had been planted onto the unsuspecting victim’s phones, the criminals sent text messages from the devices instructing banks to transfer money to accounts controlled by the hackers.

Kenya steps up cyber monitoring amid lethal virus

Mucheru added that this would also aid in quantifying the exposure and resilience of organizations both in public and private sector to cyber security incidents.

It Took a Specialist Less Than Half an Hour to Hack Into a Superyacht

Even as physical acts of piracy have plummeted over the past two years, digital theft targeting superrich superyacht owners has emerged as a new frontier of nautical crime.

Call for collective action against cyber attacks

We do not yet know how much damage WannaCry caused.

A 22-year-old who lives with his parents stopped the worldwide malware hack by registering a domain for $10.69

The researcher, who identified himself only as MalwareTech, is a 22-year-old from southwest England who works for Kryptos logic, a Los Angeles-based threat-intelligence company.

Ogier advises on cutting-edge Luxembourg cyber security fund

The EIF supports European small and medium-sized businesses by helping them to access development finance, while the Luxembourg Future Fund is a EUR 150 million sovereign investment fund which aims to invest in the sustainable development of the Luxembour

At forum, KPMG intensifies call for more cyber security in Nigeria

He stated that cyber security in Nigeria and across the globe has become a major concern to its users, especially in the areas of building a more secured and resilient technology.

O2 confirms hackers manipulated SS7 mobile protocol, emptying German bank accounts

The attack started with a standard phishing attack in order to gather usernames, passwords, phone numbers, and bank account information from the victims.

Hackers cybersquatting on hundreds of UK bank domains

The tricks include phishing email campaigns, pay per click ads (often for competitors’ services), for-profit survey sites and affiliate program abuse, or more nefarious content like ransomware and drive-by download campaigns.

TrickBot Is Hand-Picking Private Banks for Targets — With Redirection Attacks in Tow!

TrickBot is sharpening its focus on business banking, too, adding some rare finds to its more usual hit list.

"Expect the unexpected" - cyber security - 2017 and beyond

The reality is that all businesses present different levels of risk to their customers and markets, and have varying budgets to spend on cyber security.

'Wrecking the internet': hackers may have just revealed huge flaw in global commodity market

The documents and files were released by the Shadow Brokers, a hacking group that has previously leaked malware.

How the way you tap a phone can give hackers your PIN: Criminals can guess four-digit code by using software to monitor movements

Hackers find way to extract information from every move we make with phones

Cyber Security