Managers of Wealth Fintech

DDoS attacks surge on financial sector as cybercriminals get smarter

Financial sector is the top industry for volumetric DDoS attacks; sophisticated, precision-targeted threats are growing

Cisco Unveils AI-Powered Security Innovations to Combat Escalating Cyber Threats

The move comes as companies grapple with the dual challenges of increasingly complex cyberattacks and a persistent shortage of cybersecurity talent.

Bank of Ireland warning of spike in ‘safe account’ scam

Customer gets a text message to their phone, requesting that they call a phone number about a suspicious transaction/or activity.

End-to-end cybersecurity firm ThreatSpike secures $14m

The platform combines managed detection and response services, as well as continuous penetration testing, to offer businesses complete visibility and protection.

Singapore ponders caning punishment for scammers

This is ascribed to their prosperity, embrace of digital services and compliance with authority.

Mastercard opens cyber resilience centre in Saudi Arabia

This is Mastercard’s first initiative in the Middle East, extending the company’s global network of cyber resilience centers which includes locations in Europe and the United States.

Warning: Cyber-scam impersonating Dentons

The impersonator has been sending emails from a Gmail account, pretending to be a Dentons lawyer

Cyberattack to cost UK retailer Marks & Spencer £300 mn

Hack on IT systems expected to affect online services through to July

Aviva and CyberCube Partner to Harness AI for Cyber Threat Actor Intelligence and Advanced Portfolio Risk Management

Utilising CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, the collaboration aims to strengthen Aviva’s cyber exposure management strategy.

Criminal attacks, human error drive data breaches

Malicious and criminal attacks were the main source of breaches.

OAIC data confirms cybersecurity threats in Australia are escalating

Malicious cyber-attacks are still the primary cause of data breaches, representing 61% of breaches, with phishing and ransomware as primary methods.

AUSTRAC to Expand Fintel Alliance Following Success in Combating Financial Crime

Members of the alliance have been able to identify and act on serious crimes such as money laundering, child exploitation, domestic violence, tax evasion, fraud, and illegal phoenixing.

Ransomware attacks in UAE increased 32% YOY in 2024 says UAE Cybersecurity Council

The event placed the focus on the financial sector as global industry leaders and professionals gathered at the Dubai World Trade Centre to drive discussions that help mitigate these challenges and avoid far-reaching consequences.

Cyber Threats Surge in India’s Financial Sector

Cyberattacks are growing in frequency and sophistication, resulting in escalating financial losses for Indian institutions.

Asian Organized Scam Centers Leads Cyber-Enabled Fraud

Southeast Asia’s rapidly growing cyber-enabled fraud landscape is being driven by sophisticated illicit online marketplaces

Why cybercrime is a bigger concern than load shedding in South Africa

ESET’s bi-annual Threat Report, which collected data between June and November 2024, showed that over 40% of ransomware attacks on the continent occurred in South Africa.

DragonForce ransomware behind M&S cyberattack is a global threat: Killara Cyber CEO

It offers a solution for its SME customers with CORE, its proprietary early warning system that predictively warns against malicious intrusions or potential cyberattacks.

Cybercriminals have stolen almost 100 staff logins at the Big Four banks, experts say

The most serious risks arise from the fact that attackers could ultimately use those leaked logins to gain access to the banks' corporate networks, they warned.

Family offices must prepare for cyber security threat

Family offices, which manage substantial wealth for ultra-high net worth investors, are increasingly being targeted by cyber criminals.

Banking passwords stolen from Australians are being traded online by cybercriminals

It comes in the wake of recent attacks on Australian superannuation funds, where hackers stole from pensioners and used leaked passwords to try to gain access to members' accounts.

Cyber Security