09/02/2020
Two Nigerian banks have been hacked, they deny it, here’s a bigger problem
Bank Security, which was the first to disclose the alleged breach said it was a database file “containing PII data of over 53k customers.
Cyber Security
09/02/2020
Safeguarding Investors Against Cybercrimes In A Digital World
They are privy to personally identifiable information (PII), such as social security numbers, bank accounts, passwords, documents and more.
09/02/2020
How cyber criminals are targeting banks with multi-stage phishing attacks
For cyber attacks, criminals will have to contend with some of the most regulated and well defended organisations in the world.
09/01/2020
UAE makes significant progress in combating money laundering and terror funding
Smart platform launched to detect financial crimes
08/31/2020
New Zealand Exchange hit by cyberattacks, forcing multiple trading halts
DDoS attacks attempt to disrupt a targeted server or network by overwhelming it with a flood of internet traffic.
08/28/2020
PHL banking sector ups defense against money laundering
“There is an increased willingness to perceive compliance and fraud as a common financial crime risk—a fraudster is more likely to launder money, and vice versa,”
08/26/2020
Data breach management 101: why prioritising your incident response plan matters
The Bill imposes a further mandatory obligation to notify the South African Police Service within 72 hours after becoming aware of a cybercrime
08/26/2020
Data protection and the direct marketing dilemma: complying with POPIA and mitigating liability
The most fundamental implication for direct marketing, broadly speaking, is that while the CPA provides rights and remedies for consumers which allows them to “opt-out” of direct marketing
08/25/2020
China's network security and data protection: Monthly News - 2020 Nian 8 May
We focus on four aspects: regulatory dynamics, law enforcement dynamics, industry dynamics and international dynamics.
08/24/2020
Guidance released on common scam attempts
These emails can often look authentic, and may claim that recipients are being offered a rebate for last year’s bills, notification of a new invoice, or that their email application has reached maximum memory and will begin deleting emails.
08/17/2020
Adam Bonah Warns Of More Cyber Fraud Threat In Banks
He further admonished the general public to be vigilant in order not to fall prey to scammers who are after their hard-earned cash.
08/14/2020
Identify thieves inflict tears, losses on Nigerians
In simple term, identity theft otherwise known as identity fraud is the misappropriation of another person’s identifying information (birth date, address and maybe phone number , pin numbers and so on) for financial gains.
08/07/2020
Capital One bank is fined $80million for 'significant data breach' that compromised the personal information of 106million credit card holders and applicants in 2019
The bank said it has already beefed up its cybersecurity and made many of the federal required changes.
08/06/2020
Official email services have been used to impersonate and scam 6,600 organisations in 2020
Cyber criminals preferred choice of email service for malicious accounts is Gmail
08/05/2020
Interpol Reveals ‘Alarming Rate’ of Cyberattacks During Covid-19
“The report’s findings again underline the need for closer public-private sector cooperation if we are to effectively tackle the threat Covid-19 also poses to our cyber health.”
08/04/2020
Modern bank heist: From smash and grab to hostage situation as cyberthieves evolve
Banks are guardians of the one thing cybercriminals typically desire most (money), meaning security teams are under relentless pressure.
08/03/2020
Dubai Financial Services Authority alerts institutions to increased risk of cyberattacks
Phishing attacks through email, SMS, and other messaging applications remain a common attack vector targeting financial institutions and their customers.
07/30/2020
I&M Bank in Nairobi Choose Quercus Technologies for Their Security and Access Control
Quercus Technologies Offer Ideal Solutions for Office Buildings
07/28/2020
DFSA alerts institutions to increased risk of cyberattacks
The DFSA has observed an increase in attacks leveraging known and new malware and a soaring number of newly registered malicious domains referencing COVID-19 since March.
07/28/2020
UAE residents warned against divulging bank details, personal information to random callers
Fraudsters continue to be on the prowl to steal data, money