Managers of Wealth Fintech

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.

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.

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.

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

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.”

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.

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.

I&M Bank in Nairobi Choose Quercus Technologies for Their Security and Access Control

Quercus Technologies Offer Ideal Solutions for Office Buildings

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.

UAE residents warned against divulging bank details, personal information to random callers

Fraudsters continue to be on the prowl to steal data, money

FinTech Dave Reports Data Breach Involving 7.5M Users

Dave also stressed that the FinTech has “no evidence that any unauthorized actions were taken with any accounts or that any user has experienced any financial loss as a result of this incident.”

AI Fights Fraud: How the Use of AI Technologies in Banking Forges the Fight against Fraudsters

Now more than ever, banks and other financial service providers need to implement AI technologies

Nearly half of employees admit to making mistakes that have had cybersecurity repercussions

Cybersecurity training needs to reflect the fact that different demographics use technology and respond to threats in different ways and that a one-size-fits-all approach to training won’t work.

Cybercrime and Pensions Administration

At PASA we too recognise the risks associated

6 arrested for hacking software of universal bank to steal ¢46 million

The cyber hackers allegedly logged into the banking software of the bank remotely and used the login credentials of some members of staff of the bank

Stay vigilant against these 5 data security risks

Even with the pandemic still going strong, finance needs to remember good data hygiene to prevent expensive breaches.

Banks' cyber risks rise as Covid spurs digital trends: Moody's

Cyber-attacks are mostly financially motivated and seek easily monetised data stored by the victim organisations.

Over 100,000 cyber-attacks foiled in UAE last month, says TRA report

In terms of raising awareness and building capabilities, the report indicated that 2,085 awareness sessions and 105 training courses were held in June.

How fintech in finance has developed during lockdown, and what’s in store for the future By Saka Nuru, Intuit Quickbooks

A recent survey from Encompass Corporation even revealed that as many as four in 10 businesses were actually planning to scrap their banking provider due to slow services during Covid-19.

How will cybersecurity help your business comply with the POPI Act?

But for businesses this is a completely different story, dealing with people’s sensitive information requires a company to have proper security measures in place to protect that data

Cyber Security