Managers of Wealth Fintech

Cybercrime warning in South Africa

Overall, the total number of cyber claims in 2024 is expected to stabilise, following a 30% increase in frequency during 2023, which resulted in 700+ claims.

Standard Bank’s massive cybersecurity team

Standard Bank spends more than R1-billion/year keeping its systems safe from attackers.

Broadridge Launches Enhanced Operational Resilience Solution and Services for International Post-Trade Processing

Broadridge’s operational resilience services and solutions for international post-trade processing enable firms to mutualize the cost of ensuring business continuity in the face of growing cyber-attacks

Mastercard to pilot enhanced ID verification service in Europe

Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders

Australian government launches initiative to boost small business cyber resilience

This program focuses on equipping businesses with essential cyber safety practices to fend off digital threats.

In-house legal and cyber experts must work together on cyber risk

The survey results formed part of a report by the Financial Times (FT) on the critical role in-house lawyers can play in protecting the business.

MoneyGram says hackers stole customer data

Customers are advised to "remain vigilant" while some are being offered identity monitoring services for two years at no cost.

Passkeys Replace Passwords as Banks Seek Better Authentication Options

This setup is especially useful for individuals with multiple devices

Hong Kong Government considers changes to proposed critical infrastructure cybersecurity law

The Security Bureau received 53 written submissions, and the report states that the majority of these were in favor of the proposed legislation.

Meta and UK banks forge partnership to tackle online scams

More insights include the broader impact and reception of this partnership.

White paper: Cyberattacks in the financial services industry

“Banks are trying to help their customers, but they’re not set up to carry out the research, innovation and work needed to stay on top of the latest threats.”

The convenience of digital banking with the assurance of security

Cyber crime is quite commonplace in India.

Cyber scams fuel distrust in digital payments, Chubb report finds

The survey also found that nearly half (46%) of those surveyed wrongly assume that their digital payments are fully protected, exposing a critical gap in consumer understanding of cybersecurity risks.

Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

Beazley's PoleStar Re lists $210m cyber cat bond

The issue follows previous 2024 issuances of $160 million and $140 million for a total of $510 million.

Complying with the Data Protection (Jersey) law when using CCTV in business or private settings

CCTV must be proportionate to its intended purpose, avoiding unnecessary or intrusive surveillance, particularly in areas such as toilets or changing rooms.

CBN eyes N50bn from cybercrime levy

The data from the Nigeria Inter-Bank Settlement System reveals that electronic payments reached a combined total of N987tn between 2022 and 2023.

Cyber Security Awareness Month aims to make Jersey more cyber secure

In 2024, Cyber Security Awareness Month will also coincide with the 10th year of the Channel Islands Cyber Security Conference.

A proper cyber solution

Regardless of who manages a company’s security, an insurer still has the problem of having very little historical information from which to assess and price risk.

“Reinventing the resilience of companies to cyberattacks”

Our goal is to make our solution a secure cloud storage standard.