Information Security

The risks from Cyber cime - Hacking - Loss of Data Privacy - Identity Theft and other topical threats - can be greatly reduced by implementation of robust IT Security controls ...

Retired Member 

Why improving cyber resilience starts with a better understanding of current capabilities

In a recent speech at Bloomberg, Megan Butler, Executive Director of Supervision at the FCA, described the threat level facing financial firms as ‘remarkable’. These comments were made in light of a new a report revealing that the root cause of nearly a fifth of operational incidents reported to the FCA in the last 12 months were cyber-related. ...

13 December 2018 /security /regulation

Retired Member 

Top 4 ways to secure your data in the cloud

In today’s information age, a daunting challenge for financial organisations of all sizes is determining the right approach to the storage of large volumes of data in a safe, cost-effective, compliant and easy-to-access manner. Deploying solutions on premise can be complicated and put stress on budgets and infrastructure space as the process would...

05 December 2018 /security /regulation

Uri Rivner CEO and Co-Founder at Refine Intelligence

Fortnite Scams: what you need to teach your kids

Everyone with kids aged nine and above must be painfully aware of the highly addictive online game that became their single most popular post-school activity. And not just kids are playing it: teenagers, professional athletes, movie stars, and basically people with a lot of spare time all flock to Fortnite, the last-man-standing virtual battle s

21 November 2018 /payments

Retired Member 

Eight strategic and tactical priorities for cyber and BCM leaders

The new normal in this digital age is the increasing frequency of IT risks and threats, and the relentless, ever-changing IT regulatory landscape. Incidents often begin small but they can upsurge into crises with widespread business and reputational implications. Chief Information Security Officers (CISOs), Chief Information Officers (CIOs) and bu...

25 September 2018 /regulation

Monica Hovsepian Global Industry Strategist, Financial Services at Opentext

Financial fraud and cyber-crime: Can banks stay one step ahead?

There seems to be no shortage of news around cybercrime and fraud at financial services institutions. The latest involves a security breach at one of the oldest cooperative banks in India. Within 24 hours of the FBI issuing a global alert around an ATM cash-out threat, the bank suffered a breach. Hackers executed 12,000 transactions and stole $13...

23 August 2018 /security

Retired Member 

Throwing money at cyber security solutions is a false economy

Recent research has found that the financial services industry is the sector most heavily investing in cybersecurity solutions, increasing investment 85% compared to last year. With daily headlines of breaches and the demands of the GDPR this investment might be unsurprising. The financial services industry is under immense pressure to keep data...

21 August 2018 /security /regulation

Retired Member 

Why Aren't Regulators Fixing MFA Security Standards?

The use of biometric identifications systems in the financial sector is mushrooming as banks, credit card companies, and other institutions adopt them to improve security. Whilst regulations, like the EU’s Payment Services Directive (PSD2) and new ones from The New York State Department of Financial Services (NYDFS), are spurring this by requiring...

31 July 2018 /security /regulation

Uri Rivner CEO and Co-Founder at Refine Intelligence

World Cup: When Russia plays, what happens to Global Cybercrime?

The World Cup! The largest, most anticipated sports event in the known universe. Millions of football fans are passionately supporting their national teams. But what are Cybercriminals doing in the mean time? Jumping their digital prey while the victims are following the football? Or rather rallying around the flag, supporting their national team a...

11 July 2018 /payments /regulation

Anne Leslie-Bini CEO at Pikcio RegTech

IFTTT: or what happens when banking finally hits the cloud

There is a whole bunch of really smart people in FinTech of which Leda Glyptis, Chris Skinner, Sam Maule and all the other gals and guys at 11:FS are just a few. While each has a mind of their own, what they do have in common is a deep-seated conviction that the banking industry isn’t doing a terribly good job of transforming itself and that t...

14 June 2018 /security /regulation

Milos Dunjic AVP, Payments Innovation Technology Solutions at TD Bank Group

Why Should You Pay Attention to Quantum Computing?

For over a year now, I have been uncovering the secrets of quantum computing, which is an exciting and rather unusual field of informatics. It is somewhat weird and yet extremely fascinating discipline, by being very, very different than anything I have learned or encountered so far in my career, as a software developer and high-tech executive. La...

13 May 2018 /security