Cybersecurity

Computer security, cybersecurity or information technology security is the protection of computer systems from the theft of or damage to their hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.

Source: en.wikipedia.org

Treasury Issues Red Alert As Ransomware Attacks Surge
Treasury Issues Red Alert As Ransomware Attacks Surge
October 01, 2020  |  Security & Fraud

As ransomware attacks surge and increasingly target vulnerable sectors like healthcare, the federal government’s financial crimefighting team is raising the alarm. The U.S. Department of...

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Today In Digital-First Banking: Marqeta Debuts Tokenization-as-a-Service; BNY Mellon Names New Market Infrastructure Exec
Today In Digital-First Banking: Marqeta Debuts Tokenization-as-a-Service; BNY Mellon Names New Market Infrastructure Exec
September 30, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY...

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
September 30, 2020  |  Bank Regulation

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region...

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FinCEN Director Tells Banks To Look Out For Crypto Fraud
FinCEN Director Tells Banks To Look Out For Crypto Fraud
September 29, 2020  |  Cryptocurrency

Kenneth A. Blanco, director of the Financial Crimes Enforcement Network (FinCEN), said banks need to be wary of risks with cryptocurrency, according to remarks planned...

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Corporates See Loan Fraud By Insiders As Growing Threat
Corporates See Loan Fraud By Insiders As Growing Threat
September 28, 2020  |  B2B Payments

Pandemic-related fraud attempts continue to climb. In a report by OpenText, researchers found that one-quarter of Americans was targeted in a coronavirus-related phishing email attempt,...

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Companies See Work From Home As A Security Threat
Companies See Work From Home As A Security Threat
September 27, 2020  |  Security & Fraud

Once rare, telecommuting has become routine during the pandemic. But the Financial Times (FT) reported moving from a furnished office space to a living room...

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Fidor: How Cloud-Based Banking Helps With Compliance
Fidor: How Cloud-Based Banking Helps With Compliance
September 22, 2020  |  Cloud Banking

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. A significant...

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California Freezes Jobless Claims As Anti-Fraud Efforts Trigger Massive Backlog
California Freezes Jobless Claims As Anti-Fraud Efforts Trigger Massive Backlog
September 21, 2020  |  Security & Fraud

California is putting all new unemployment benefits claims on hold for the next two weeks as it tries to sort out an epic backlog affecting...

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Nacha Provides Guidance On Voice Payments, Cybersecurity
Nacha Provides Guidance On Voice Payments, Cybersecurity
September 18, 2020  |  Financial Inclusion

Nacha, the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. 17)....

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