Managers of Wealth Fintech

ECB Wants Banks To Step Up Defences Against Hacks

But the euro zone’s top banking supervisor warned of rising risk from cyber-attacks, with a surge in hacks since 2020.

FCA warns UK banks to be wary of Russian cyber threats

'Dear CEO' letter tells lenders to be on the lookout for retaliation to sanctions

Philippine banks want more laws as cyber-crime losses mount

The bankers’ group is pushing to update a decade-old cybercrime law

OCBC Completes Goodwill Payouts to Phishing Victims

80 percent of the amount lost occurred between December 23 and 31, in a period that saw inquiries to the bank’s call center surge more than 40 percent.

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.

Cyber Security