Managers of Wealth Fintech

NCR reports cyber security incident

NCR is working with its own cybersecurity experts, external forensic cybersecurity experts, and federal law enforcement to investigate the incident.

JMMB warns customers of cyberattacks

Look for the padlock symbol at the beginning of the address.

CFPB fires employee who sent consumer data to personal email

The CFPB discovered the breach in February and informed lawmakers in March but the incident became public this week when it was reported by the Journal.

‘Unprecedented’ warning over cyber threat to UK critical national infrastructure

This is particularly the case for those organisations key to CNI.

A&O's U.S. IP team secures appeal victory for cybersecurity technology on behalf of Unified Patents

“Allen & Overy is committed to ensuring that our client’s mission to prevent unproven and illegitimate patent claims continues to succeed,” said David Tennant, partner in A&O’s Intellectual Property practice.

574 cybercrime cases in Sharjah during 2022

The official said that electronic extortion is one of the most serious crimes at present, and it may push the victim to the brink of suicide.

Bank fraudster jailed

Cyber crime investigators found Kupcevich was using stolen identities to commit fraud and open bank accounts through which he would launder the illicit earnings.

Latitude Financial refuses to bow to ransomware demands

The firm has responded defiantly to the demands, saying that it will not pay a ransom, a position that is in line with Australian government policies.

US says crooks using DeFi to launder illicit proceeds

Other issues being exploited by crooks are that some DeFi services are out of scope for existing AML/CFT obligations, weak controls in other countries, and poor cybersecurity controls by providers.

DeNexus launches new version of its cyber platform

This helps (re)insurers and ILS investors commit appropriate risk capacity and develop better solutions to cover cyber risk.

Cybercrime marketplace shut down

The bots would give criminals access to all the data pertaining to an individual identity, such as cookies, saved logins and autofill form data.

Mastercard acquires Swedish cyber-security firm Baffin Bay

The acquisition further strengthens Mastercard’s broader services offerings beyond the payment transaction as it moves to integrate its solutions into an all-ecompassing cyber service.

FERC Approves New Cybersecurity Standards for Low-Impact Electric Assets

This directive expands upon, and replaces, a previous cybersecurity standard, Reliability Standard CIP-003-8, which applied only to high- and medium-impact BES assets.

AXA XL backs new cyber-MGA Intangic

Intangic MGA has worked with Axa XL for its cyber policy, CyFi, which is underwritten by Axa XL Insurance Company UK Ltd.

Hashkey and Slowmist partner for digital assets play

The goal of the partnership is to explore and develop comprehensive security standards and solutions that will safeguard HashKey Group's various business lines.

Banks take action as more than $2bn is lost to crypto investment scams

As the FBI reveals scams are on the rise, banks are taking action to protect customers from fraud.

SEC proposes tighter cybersecurity rules

Cybersecurity risk also can be caused by the errors of employees, service providers, or business partners.

How is Cybersecurity Awareness in Africa Putting Companies in Danger?

Cybersecurity awareness company KnowBe4 revealed in its latest poll that significant work needs to be done before citizens of Africa can be considered safe against online threats.

Westpac adds anti-scam feature

Chris de Bruin, chief executive, consumer and business banking, Westpac, says: "Our latest customer scam data revealed customer losses reached a new record high in December, doubling from the year prior.

What is Ransomware infection and Can ransomware be removed?

Once the victim clicks on the link or downloads the attachment, the ransomware is downloaded onto the computer.

Cyber Security