2262 Results from /security
Shagun Malhotra CEO and Founder at SkyStem
Emerging threats for accounting firms have steadily risen over the years, with more and more business emails being compromised, leading to an annual loss of around $2.4 billion. Just a few months back, an accounting service based in Maine suffered a huge data breach that compromised personal information of over 1.1 million individuals. Unfortun...
25 November 2024 /security /crime Exposing Financial Crime
Nicole Pienkos Head of Regional Banking at FIS
The expanded scope of risk management in banking Chief Risk Officers (CROs) must stay vigilant on current threats and risk issues while also keeping an eye on future risk management trends. Bankers face various threats, and for CROs – when it comes to safeguarding their institution from both traditional risks and emerging challenges – “the buck s...
19 November 2024 /security /retail
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
Africa, with its rapidly growing economy and the dynamic development of financial markets, is increasingly attracting the attention of investors from around the world. The Forex market in this region demonstrates significant potential, but its growth is constrained by several specific factors requiring appropriate regulation. Regulation of Forex i...
15 November 2024 /security /markets Fintech
Brian Mahlangu VP Product: Digital Platforms Mobile at Absa Bank, CIB.
One morning, as I was preparing for a meeting with a corporate client, I remembered a recent incident that underscored the importance of reliable security. A close colleague’s company had been the target of a significant cyber attack, with unauthorized users somehow gaining access to their internal systems. Despite two-factor authentication, someo...
11 November 2024 /security /crime Biometrics
Dirk Labuschagne Chief Information Security Officer at Direct Transact
The past year was the worst on record for ransomware attacks around the globe. In the past year, ransomware attacks were the worst on record due to an estimated 92% year-on-year global increase. Criminals made off with more than $1 billion in cryptocurrency payments from victims and left a trail of destruction in their wake. This is why ransom
04 November 2024 /security /regulation Information Security
Erica Andersen Marketing at smartR AI
The rise of large language models (LLMs) and other AI systems has created an insatiable demand for data. While these models offer incredible potential, their hunger for data presents a significant challenge for enterprises striving to maintain data privacy. We also need to see data privacy within the whole data is power context to guarantee a long
04 November 2024 /ai /security Artificial Intelligence and Financial Services
Ellison Anne Williams CEO at Enveil
It takes only a quick scan of daily media headlines to know we are collectively riding a wave of artificial intelligence. But, for all the benefits that come with AI — and there are many — there is also a downside to consider, especially in the business arena. While AI is helping make financial institutions smarter, faster, and more efficient, it ...
30 October 2024 /ai /security Artificial Intelligence and Financial Services
Prashant Bhardwaj Innovation Manager at Crif
Digital arrest scams have emerged as a significant threat in the digital landscape, impacting consumer confidence and financial stability. These scams not only result in substantial financial losses but also erode trust in digital payment platforms, which is crucial for the growth of e-commerce and online banking. As financial institutions naviga
30 October 2024 /security /crime Banking
Ilona Cohen Chief Legal and Policy Officer at HackerOne
Over the last few years, the financial industry has been tightening the rules to counter growing cybersecurity threats. Sensitive credit and payment card data are naturally a top target of cyber criminals and therefore a priority for security efforts, especially as the cost of data breaches rises to an average of $4.88 million. This is where the...
28 October 2024 /security /regulation Banking Regulations
Dmitriy Shcherba PR & Comms Manager at Erbis
Why Outsourcing Cybersecurity Will Define Your Resilience Against Tomorrow’s Threats. As we inch closer to 2025, the cybersecurity battleground is evolving at a startling rate, demanding not just more vigilant defenses but also a transformative approach to safeguarding digital assets. For today’s decision-makers, it’s no longer simply about inst...
25 October 2024 /security
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