Managers of Wealth Fintech

China Cybersecurity and Data Protection: Monthly Update – Sep 2020 Issue

Two draft standards were released in August on protection of critical information infrastructure (CII).

Growing digitalization makes the oil and gas industry more vulnerable to cyberattacks

Loss or theft of such data can prove financially and operationally detrimental for an oil and gas company.

Mitigo joins as latest PIMFA Plus partner to help members combat alarming new trend in ransomware attacks

Ransomware is a type of malicious software which encrypts a firm’s data so it is impossible for them to access any information.

Cyber Security; pension schemes in 2020

On a personal level, there are sophisticated ‘phishing’ emails in circulation, which purport to come from HMRC, DVLA and TV Licensing among others.

Cyber threat to disrupt start of university term

The cyber-security body, part of the GCHQ intelligence agency, says such attacks can have a "devastating impact" and take weeks or months to put right.

Hackers target business owners with Covid-19 VAT deferral scam

In fact, we recently observed a 667% spike in coronavirus-related spear-phishing attacks from February compared to March, during the start of the UK’s lockdown.

Combating Fraud in Banking Industry

In recent times, the activities of fraudsters have increased and the banking sector is grappling with efforts to tackle this menace headlong.

Concerns and anxieties over financial scams increase due to impact of pandemic

The data reveals the situation is getting worse as the pandemic continues

Banks and fintech firms using tech firms to fight deepfake fraud

Mitek and iProov technology is being used by a number of banking firms as concern grows over online fraud

Working-from-home lessons: employees 'confidently' make 90% of all security awareness mistakes

However, even when learners were wrong, they mostly remained confident in their competences

Preventing cybercrimes

Since theft is mostly about money, banks are among the favorite targets of crack international syndicates employing the latest technology for their crimes.

Fintech Partners Plan Cybersecurity Platform

the @-WISE Cybersecurity Centre of Excellence in Singapore aims to grow and groom cybersecurity talents.

SWIFT Details How Cyber Criminals Encash Stolen Funds

In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.

Kenya Is Africa’s Easiest Target For Cyber Attackers

Nevertheless, a new study by Kaspersky suggests that Kenya is now Africa’s easiest target for cyber gangs.

IDnow acquires Wirecard Communication Services

The fire sale of Wirecard assets continues apace, with digital identity firm IDnow picking up the disgraced German firm's Communication Services unit.

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.

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.

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.

UAE makes significant progress in combating money laundering and terror funding

Smart platform launched to detect financial crimes

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.