Managers of Wealth Fintech

Cyber security: from compliance requirement to competitive edge

AI-assisted cyber detection and response can reduce the average cost of a breach by approximately 10%

How can banks build strategic cyber recovery for severe disruption?

It is to know which parts of the bank form its lifeboat, and to prove that they can carry customers, critical obligations and confidence safely through the storm.

Cayman firms and government react to global hack threat

“That’s why a lot of organisations are scrambling right now to figure out what they have, how they can patch it and how they can ensure that no data has been accessed.”

How to build a cyber-resilient family office

For an attacker, that can be an opportunity to gain significant reward without having to breach the security infrastructure of a large financial institution.

India's largest bank hit by cyberattack

The incident is not the only one in recent months.

New Bermuda cybersecurity council launched

That final discussion is expected to be particularly relevant to Bermuda’s insurance and reinsurance market

HID appointed to FIDO board

Sean Dyon, Vice President of the Authentication Business Unit, will serve as the company’s Primary Board Delegate.

Veryfi launches AI-powered fraud prevention tools

At the same time, FinCEN has issued warnings about a surge in AI-generated documents being weaponized to bypass financial controls, a threat that traditional rule-based systems are no longer equipped to handle.

AAIB obtains updated PCI DSS v4.0.1 cybersecurity certification

These measures include the protection of customers’ payment data, the strengthening of security across relevant stages of digital payment processes, and the enhancement of security controls related to payment services.

Singapore Says ScamShield Is Not Designed for Investment Background Checks

Investors looking to check a promoter’s business ties or bankruptcy status will need to use existing government registries.

South Korean president orders investigation after spate of bank data breaches

Perkins launches new cybersecurity firm

Bermuda Government chief information security officer Anthony Francis recently said the National Cybersecurity Unit was tracking more than 200 breaches

Thales Unveils Cybersecurity Tools for AI, Quantum Threats

The Google Cloud partnership will use Thales’ AI Security Fabric to protect agents, data and interactions throughout the AI lifecycle.

DeeMoney transitions to SEON for unified cybersecurity stack

DeeMoney has migrated its fraud rules to SEON to consolidate transaction monitoring, fraud scoring, and AML screening.

Bank scam attempts climbed 35% over past year, research reveals

The research found that while scam activity continued to rise globally, the pace of growth slowed considerably from the 65% increase recorded in the previous edition.

Al-Sager: Sustainability, operational resilience and cybersecurity will shape the next phase of banking growth

At Global Finance’s Kuwait Banking and Finance Roundtable, bringing together the Central Bank of Kuwait and Kuwaiti Bank CEOs

Meta Removes 3.64 Million Facebook, Instagram Pages in Scam Crackdown

Police referrals helped Meta identify more than five times the number of scam-linked assets initially flagged.

Belgium's Aikido launches cybersecurity AI model as demand for local tools grows

Rising concern over criminals using AI to identify and exploit software vulnerabilities has fuelled demand for defensive AI tools that can be run locally.

Revolut reportedly facing $3m ransom demand after hackers steal hundreds of customers’ data

Europe’s largest financial technology company confirmed it had fallen victim to an impersonation scam last week

Jumio pushes reusable identity as APAC stakes rise

Jumio’s approach differs from closed identity networks limited to partner businesses, instead relying on intelligence gathered across its entire customer base.

Cyber Security