Managers of Wealth Fintech

Governments threatened by cyberattacks

The Bermuda Government was hit by a cyber attack last year which brought down much of its IT infrastructure for a number of weeks.

Revolut releases Financial Crime and Consumer Security Report

To reduce this risk it is important to always be vigilant of the surroundings when adding a pincode and not to store the login credentials on the phone.

Cyber risks soar: 80% of US insurers expect increased threats this year

Moreover, a substantial 80% of those surveyed predict an escalation in cyber risks over the forthcoming period, which solidifies the need for insurers to refine their approach to risk assessment and mitigation.

From data breaches to economic crises: The growing cyber threat to global finance

This surge in cyber risks is compounded by indirect consequences such as reputational damage and the heightened costs associated with bolstering cybersecurity measures.

Cyber attacks risk triggering bank runs, warns IMF

Research shows the number of malicious attacks has doubled since the pandemic

Cayman confirms systems protected from cyberattack

The September 2023 cyberhack on the Bermuda Government caused chaos, leaving ministers and civil servants unable to access their computers and putting many services offline.

Experts conclude government foiled attempted cyber attack

Deloitte brought in for a 'deep dive analysis'

Data protection drop-in for Alderney residents

It will be the first time that Bailiwick Data Protection Commissioner Brent Homan has travelled to Alderney.

CybSafe Reveals Importance and Use of Cyber Training for Customers

The CybSafe study has revealed the prominence of cybersecurity in consumer decision-making in an increasingly digital landscape.

CaixaBank explores use of AI to tackle cyber threats

CaixaBank is continuously involved in European research and analysis projects regarding the various issues and challenges that the financial industry is faced with

Prisma Finance says $540K still at risk, hacker demands team reveal themselves

The decentralized borrowing protocol said there were still 14 accounts that have yet to revoke the affected smart contract, which caused $11.6 million to be exploited last week.

BMIT Technologies plc reports record revenues and solid performance

2023 results announced

First Bank launches new digital experience center, assures users of data security

Beyond providing seamless banking services, First Bank’s Group Executive, Technology Digital Innovation and Services, Calistus Obetta highlighted the crucial importance of data security given DXC’s fully automated features.

Pan African Bank, Cybervergent Collaborate to Enhance Cybersecurity Resilience

The partnership is coming at a time when businesses are grappling with the persistent menace of cyber threats that disrupt operations and threaten the integrity of sensitive financial data.

Data Protection Law now in Force in Seychelles

The DPA repeals the Data Protection Act 2003 which was enacted but never implemented in practice.

What will the future of Cybersecurity bring?

The primary objective of cybersecurity is to ensure the confidentiality, integrity, and availability of information and computing resources.

CyberSaint’s $21m Series A fuels global cyber risk management innovation

By automating compliance and translating cyber risk into financial metrics, CyberStrong is designed to simplify the complex landscape of cyber risk management.

How AI use in cyber attacks affects insurers’ risk exposure

Insurers may also wish to consider how the use of AI to enable cyber attacks impacts more broadly across other insurance products

Cayman continues to probe February cyberattack

The Caymanian Government is now expecting a detailed review and assessment of the security event from Deloitte.

Equifax and VTEX join forces to help merchants fight fraud

The collaboration enables customers on the VTEX platform to seamlessly integrate with the Equifax Kount Payment Fraud solution

Cyber Security