Managers of Wealth Fintech

SA banks not impacted by Russian hacking group

They note the attacks have been attributed to this group because the malware used in this latest incident was previously used solely in its operations.

Appleby Acted as Bermuda Counsel to Akinova Leading up to the Completion of a First of its Kind' Parametric Cyber Risk Transfer

Appleby’s insurance team acted as Bermuda counsel to AkinovA on all matters leading up to the completion of a first of its kind parametric cyber risk transfer.

Hacking Group Targeting African Banks

Kaspersky Researchers say the attacks began in the first week of 2020 and indicated that the group is about to activate the malware and cash out the funds.

Middle East financial institutions spearheading advanced security tech

Super alert surveillance systems to become industry standard

Telcos unite in crackdown against SIM identity fraud

MNP fraud, which is an extension of SIM swap fraud, enables the criminal to switch from one mobile provider to another, illegally gaining access to a user’s sensitive data.

Absa CSO Sandro Bucchianeri on running cybersecurity for a major bank

They would send through policies and solutions and the team here would implement them.

France to cyber-stalk suspected tax avoiders on social media

Budget minister says it is ‘one more tool to fight fraud’

The 7 Biggest Threats Facing High Net Worth Families Today

From computer hackers to resentful relatives, more money can mean more problems. The good news: You can do something about it.

Did London Stock Exchange suffer a cyber attack?

Trading on the London Stock Exchange was delayed for more than an hour on 16 August, the longest outage in more than eight years.

SA suffers as cybercrime rises globally

A more grounded figure from US global computer security company McAfee puts global losses in 2017 at $600bn, which nonetheless amounts to more than the income of almost all but a few countries.

JPMorgan to ban third-party fintech platforms from accessing customer passwords

In a shareholder letter back in 2016 he wrote: "Many third parties sell or trade information in a way customers may not understand, and the third parties, quite often, are doing it for their own economic benefit -- not for the customer's".

Deutsche Bank to launch 'Motion Code' card in Spain

Other European banks to have tried out dynamic CVC technology include SocGen, BNP Paribas, and BPCE.

Smartphones face high hacking risk in 2020: Report

Cyber attacks are on the rise and will continue to rise.

Captives set to increase their cyber coverage in 2020

Workers’ compensation, which is one of the lines most closely associated with captives, was only selected by 12 percent of respondents

DFSA to launch Cyber Threat Intelligence Platform

The Platform is a major milestone in mitigating cyber risk proactively and will benefit the broader DIFC community by creating an ecosystem for information sharing and enriched cyber threat intelligence to help detect and mitigate cyber risks.

Kuwait Banking Association denies local bank data breach claims

The malfunction has “no correlation to local banking enetworks and data systems,” said Al-Majed, adding “account holders’ savings are safe and local banks have not been compromised as a result.”

Hackers target WhatsApp users in Saudi Arabia with new phone scam

Precautions urged to protect data and money from hackers

Banks: Compliance people are most afraid of this risk

As a result, the importance of cyber risks as a threat to banks has increased rapidly - just five years ago, the topic did not make it into the top ten threats listed by bank risk managers.

Uniting on the cyber frontier

Regulators must collaborate to match attackers' speed

What’s been done to fight cybercrime in East Africa

These institutions are attractive to cyber criminals because they hold the biggest cash reserves.

Cyber Security