Managers of Wealth Fintech

Top 2022 cybersecurity threats and how businesses can protect themselves

As we enter into a new year, cyber crime continues to threaten businesses.

Cyber threats and cybersecurity continue to impact private banking

As a consequence, awareness of cyber-attacks and the threat they pose is high and private banking clients expect this issue to be one the private banks have got well under control.

MAS Issues Guidelines to Discourage Cryptocurrency Trading by General Public

DPT service providers can only market or advertise on their own corporate websites, mobile applications or official social media accounts.

Cryptocurrency-based crime doubled in 2021

The regulator has previously estimated that as many as 2.3 million UK consumers now hold cryptoassets but has described investment in them as “high risk”.

Millions of banking app users exposed to security flaw: HSBC, NatWest, Monzo, Santander, Starling and Virgin Money customers all affected

Six banks – HSBC, NatWest, Santander, Starling, the Co-operative Bank and Virgin Money – let people choose passwords that include their first name and/or surname, the research found.

What will online privacy and security look like in 2022?

But there’s also clearly still a lot of work to be done. By the end of September 2021, there had been more data breaches than in the whole of 2020

Starling Bank boycotts Facebook and Instagram advertising

The CEO of neobank Starling has pulled ads from Facebook and Instagram in a stinging attack on its policies toward checks on financial fraud.

Should banks ditch passwords and move to voice authentication?

Voice biometrics uses characteristics and patterns in a person’s voice – called a “voiceprint” – to verify their identity.

Payment firms pool resources to combat real-time fraud

Real-time transactions, while a small part of the overall payments market, are expected to become more widely adopted in the years ahead.

Protect yourself from online scammers

Online fraud during the festive season tends to be on the rise, with criminals using every trick in the book to scam people.

Beware of Investment Fraud - How to identify a potential fraud

Giambrone & Partners banking and financial fraud teams are witness to the same strategies that are employed time and time again to deceive novice investors into risking their money.

Global Bank Cyber Risk Coordination a Positive for Risk Mitigation

Cybersecurity risk has been a growing “non-financial” risk for banks over the years

New Zero-Day Vulnerability for Log4j is the Next Cybersecurity Nightmare

Log4j is widely used and will take some time to patch and remediate, making many corporate systems and cloud environments vulnerable to attack.

African neobanks picks Seon to fight online fraud

Neobanks play an important role in helping to fill this gap, providing people with access to essential financial services, such as loans and the ability to save.

The State of Cyber Extortion Crime in South Africa

This preparedness starts with understanding the landscape and recognising how successful extortion attacks can fundamentally impact the business bottom line and the public sector’s service delivery.

Tracking Hackers: Court Considers Crypto Fraud

In addition to seeking the injunctions against the fraudsters, the claimants applied for disclosure orders, under the Bankers Trust and Norwich Pharmacal principles, against the Binance entities to discover the identity of the fraudsters.

Exclusive Networks Acquires Cyber Specialist to Establish Sub-Sahara African Presence

The acquisition establishes Exclusive Networks’ first presence in sub-Saharan Africa, expanding its global footprint and providing new opportunities for vendor and reseller partners both within the region and around the world.

Coinbase to Buy Crypto Security Tech Firm

MPC will help out with things like protecting customers’ assets.

Android banking trojans targeted over 300,000 devices

To scale up their attack, threat actors developed loaders with a reduced malicious footprint in Google Play, increasing the difficulties in detecting them with automation and machine learning techniques.

Who will bear the cost of cybercrimes? Banks soon to issue rules

It would be similar to the guidelines issued by the Monetary Authority of Singapore in 2020

Cyber Security