Managers of Wealth Fintech

HKMA launches Cybersecurity Fortification Initiative 2.0

The results of the review show that the banking industry is strongly supportive of the CFI.

Banks have warned of a new way of fraud

After that, they persuaded citizens to transfer money through an application or an ATM to a “special” account, ostensibly in order to close a loan or save money from fraudsters.

Hackers Paralyse NCBA Bank Operations

The bank said on Tuesday that it wants to hire an IT director following technical changes in migrating the bank’s systems and a hacking.

Gauteng government raises awareness on cyber security during Covid-19

It is therefore about time that citizens are taught about the importance of being cyber secured.

Report indicates an increase in banking fraud in Africa and Middle East region

It is emerging that fraudsters are seriously preparing for such calls and are actively using social engineering methods. In 37% of cases, they mentioned the correct name and surname of the person whom they called.

Financial Sector; Prime Target For Cyber-Attacks — Ursula Warns

She said this in a speech delivered on her behalf by Mr Alexander K. K. Abban, Deputy Minister of Communication at a forum with industry players on the impact of COVID-19 on the private sector.

Rise in Digital Banking Activities: Should UK Banks Be Wary Of Cyber Attacks?

The uncertainty over post-Brexit amendments in regulations, climate change concerns and the COVID-19 pandemic has contributed to the rise in demand for cashless banking.

Working From Home Sees Spike in Cyber-Scams

Data from the Australian Cyber Security Centre (ACSC) found cyberattacks on Australian businesses are costing the economy $29 billion a year.

8 types of fraud to watch out for in the UAE

Fraudsters implement social engineering tactics to separate you from your money

Five information security rules for the new world by Andrew Todd, IRESS

People are still the primary risk to data loss or an information security breach, so keep up the training and education particularly around fraud and social engineering, and reinforce the care required around unknown emails, fake emails or websites.

EU data protection enforcement highlights cyber focus

Cases concerning personal data breaches made up 77% of that total amount.

How Covid-19 has increased the pressure on banks to combat cyber frauds?

Adoption of e-commerce and digital financial services has seen accelerated growth in the country but the concurrent rise in cyber frauds necessitate multi-level awareness.

BoG scales up efforts to protect banks from cyber attack

“Enhancing capacity to understand, identify and mitigate cyber risks on the part of operators, regulators, security agencies, and the entire national eco-system."

Challenger bank accessing latest anti-money laundering technology through fintech

Challenger banks works with fintech to support its anti-money laundering efforts

Demand for Risk and Compliance Outsourcing Jumps Over 25% in the Age of COVID-1

The COVID-19 pandemic has forced financial services firms to abruptly change the way they work now – and in the future.

Banks fighting cyber fraud with strict measures – Bankers’ chief

Also, in recent times, the various forms of advanced technologies adopted by financial institutions have made the banking sector more susceptible to various risks such as phishing, identity theft, card skimming, fishing, email fraud and more sophisticated

EU Seeks Authority to Cut Off Banks’ Tech Suppliers if Found Wanting on Cybersecurity

Proposed legislation would stop banks and financial firms from using IT services that present risks, and would standardize cyber regulation across Europe

Managing Vendor Cybersecurity Risk in IoT Contracting

The expansion of connectivity presents growing security risks and challenges for companies across a wide range of business sectors.

BMA publishes cyber code of conduct for insurance

The Bermuda Monetary Authority has published the Insurance Sector Operational Cyber Risk Management Code of Conduct to establish duties, requirements, standards, procedures, and principles for insurers and intermediaries operating in the cyber market.

Capitec warns against new fraudsters scamming clients

In June the South African Banking Risk Information Centre (Sabric), on behalf of the banking industry, released its annual crime statistics for 2019, which showed that credit and debit card fraud had increased by 20.5 percent due to online transactions be