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

Investec On Building Consumer Trust In Open Banking Systems
Investec On Building Consumer Trust In Open Banking Systems
June 26, 2020  |  Fraud Prevention

More than 10,000 financial institutions (FIs) are currently participating in open banking initiatives worldwide. But as it turns out, approximately 49 percent of banking customers...

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Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
June 25, 2020  |  Fraud Prevention

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour...

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Corporate Card Innovators Look Beyond Business Trip Spend
Corporate Card Innovators Look Beyond Business Trip Spend
June 24, 2020  |  B2B Payments

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are...

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US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
June 16, 2020  |  Security & Fraud

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy...

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FBI Issues Warning To Bank Mobile App Users 
FBI Issues Warning To Bank Mobile App Users 
June 12, 2020  |  Digital Banking

As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to...

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Fraud Detection Platform NS8 Raises $123M In Series A
Fraud Detection Platform NS8 Raises $123M In Series A
June 11, 2020  |  Investments

Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners, a press release states. There...

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Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software
Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software
June 09, 2020  |  Politics

International Business Machines Corp. (IBM) is getting out of the facial recognition business, citing its misuse by law enforcement. In a letter to Congress, IBM’s...

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India-Based Hackers Target Advocacy Groups, Others
India-Based Hackers Target Advocacy Groups, Others
June 09, 2020  |  Fraud Attack

Reports of a hacker-for-hire group dubbed “Dark Basin,” which has targeted journalists, advocacy groups and elected officials, are rocketing around the world. The India-based Dark...

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