Managers of Wealth Fintech

Technology to help curb fraud in banks

The annual forum—19th East African Banking School—which seeks to address emerging challenges and opportunities for fintech was organised by bankers of Kenya, Tanzania and Uganda.

US National Cyber Risk Score Remains Stable, Though Improvements Still Needed

Creating opportunities for improved knowledge and richer discourse is an important objective of the U.S. Chamber’s cybersecurity initiatives.

Bank Hapoalim Opts for Wolters Kluwer's OneSumX Software for Measuring Counterparty Credit Risk (SA-CCR)

OneSumX Credit Risk calculates credit valuation adjustment (CVA), debt valuation adjustment (DVA) and funding valuation adjustment (FVA), enabling exploration of the correlation between credit, market and behavioral risk in an integrated approach.

European Central Bank hit with data breach

The bank was also keen to stress that “neither ECB internal systems nor market-sensitive data were affected” by the breach, as the BIRD website is hosted externally and separately from the ECB’s main systems.

Cybersecurity: Staying one step ahead

Stephan Berner, CEO at Help AG, sheds light on how financial institutions should approach their cybersecurity strategies

Lazarus group behind recent cyberattack on South Africa - Kaspersky

Time reported on Tuesday that UN experts are investigating these cyberattacks.

Improved cybersecurity laws needed to deal with rising SA cybercrime

Cybercrimes across digital banking platforms alone increased by 75% in 2018 - resulting in losses of over R262 million - according to the South African Banking Risk Information Centre’s (Sabric) annual statistics.

Kuwait hit in Pyongyang cyberattack

UN experts investigate at least 35 instances in 17 countries

Cyber security takes centre stage as SADC leaders meet

"Cyber crime is becoming a serious concern in the region like elsewhere across the world," said Mapolao Mokoena, SADC director of infrastructure and services.

China Cybersecurity and Data Protection: a major overhaul of the proposed data localisation regime

If enacted, the 2019 Draft Measures will have a significant impact on the way that personal information export is regulated and will increase the compliance burden for both domestic and overseas companies that collect personal information from China.

Crypto criminals rake in $4.3 billion in 2019 so far, says new report

Over just the last few months alone, hackers and cyberthieves managed to steal roughly $160 million in assorted crypto funds

Click bots are the biggest fraud problem in fintech in SEA

The financial sector is the most exposed to ad fraud due to the high pay-out it offers and its popularity as the third-largest app category.

Websites that violate privacy right emerge on the Internet

The cost of obtaining personal information such as address and mobile number is about 300 fils, or about KD 6 monthly.

UAE investors are very optimistic about their economy but worry about cyber security: UBS survey finds

Similarly, 81% of UAE investors are bullish on regional stocks

Banks could get fined for cyber breaches, top regulator says

McWilliams said the FDIC is "monitoring" the cyber defenses and "continuously" testing the safety and structure of banks' networks and firewalls.

ESM's name used by scam site: MAS

The MAS said the statements made on the site are either false or have been taken out of context and used in a misleading way.

Cyber Attack Trends: 2019 Mid-Year Report

One of the dominating ongoing trends in 2019 is targeted ransomware attacks.

Preventing fraudulent transactions

Technology such as AI and machine learning is increasingly being used by companies to combat this growing threat

Pan-American Life turns to Fiserv for AML tech

The company selected Fiserv to provide a comprehensive AML solution that accommodates country-specific regulations and reporting requirements.

Why AI Is The Future Of Cybersecurity

Capgemini found that as digital businesses grow, their risk of cyberattacks exponentially increases

Cyber Security