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

Technical Constraints and Fraud Costs Are Crimping FinTech Money Mobility
Technical Constraints and Fraud Costs Are Crimping FinTech Money Mobility
January 09, 2023  |  Security & Fraud

Money mobility ended 2022 as a serious problem for FinTechs and enters 2023 needing attention. The FinTech Fraud Ripple Effect, a PYMNTS and Ingo Money...

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Apple CEO Tim Cook Apprehensive of Japan App Store Regulation
Apple CEO Tim Cook Apprehensive of Japan App Store Regulation
January 02, 2023  |  Apple

Tim Cook met with Japan’s PM over concerns of the country’s possible app store regulations. The Apple CEO met with the Japanese Prime Minister Fumio...

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Zurich Insurance CEO: Cyberattacks Will Be ‘Uninsurable’
Zurich Insurance CEO: Cyberattacks Will Be ‘Uninsurable’
December 26, 2022  |  Cybersecurity

As cyberattacks grow, they will become “uninsurable,” the CEO of Europe’s Zurich insurance said. Speaking to the Financial Times on Monday (Dec. 26), Mario Greco...

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Sheltered Harbor Extends Data Security Solution to More Financial Businesses
Sheltered Harbor Extends Data Security Solution to More Financial Businesses
December 22, 2022  |  Cybersecurity

Sheltered Harbor is reportedly offering data security to more businesses. Previously limited to banks since its founding in 2015, Sheltered Harbor is now offering its...

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Biometrics and Passkey Adoption Seen Strengthening Payment Authentication Defenses
Biometrics and Passkey Adoption Seen Strengthening Payment Authentication Defenses
December 22, 2022  |  Authentication

Despite being the weakest link in cybersecurity, passwords remain the most common digital authentication method. It’s a challenge that Fast Identity Online (FIDO), a global...

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First White House Cybersecurity Chief Chris Inglis to Resign
First White House Cybersecurity Chief Chris Inglis to Resign
December 21, 2022  |  Cybersecurity

Chris Inglis, U.S. cybersecurity chief, is reportedly expected to step down within two months. Inglis — who was the first to serve as national cyber...

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46% of FinTech Banks Say Deposit Fraud Hurts Customer Experience
46% of FinTech Banks Say Deposit Fraud Hurts Customer Experience
December 20, 2022  |  Security & Fraud

Fraud’s hindering money mobility, and the customer experience is rife with frictions. The average FinTech loses 1.7% of its annual revenue to fraud — approximately...

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Small Businesses Increasingly Targeted by BEC Scams and Other Internet Crimes 
Small Businesses Increasingly Targeted by BEC Scams and Other Internet Crimes 
December 16, 2022  |  Security & Fraud

Criminals are using BEC scams against small businesses to steal hundred-thousand-dollar food shipments.  They are spoofing emails and domains to impersonate employees at real firms,...

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Feds Shut Down Ring Offering DDoS Attack Services
Feds Shut Down Ring Offering DDoS Attack Services
December 15, 2022  |  Security & Fraud

Federal prosecutors have charged six men with waging a DDoS attack wave on websites worldwide. DDoS stands for “distributed denial-of-service,” or attacks that bombard targeted...

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