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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 ...
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Adam Preis Global Strategist at Ping Identity
Imagine receiving a call from your CEO, instructing you to transfer £5 million to a vendor. The voice, the face—everything seems authentic. But what if it’s all an orchestrated illusion? Deepfake technology, once a thing of sci-fi stories, is now a more serious threat to financial institutions than ever. Fraudsters can now bypass traditional secur...
24 February 2025 /ai /identity
Perry Carpenter Chief Human Risk Management Strategist at KnowBe4
More than 90% of 2024 breaches were financially motivated. No surprise that the banking and financial services industry and insurance (BFSI) is a top target for cybercriminals. Let’s explore five major attacks that rocked the industry in 2024, exploring methods used by threat actors, the resulting impact on affected organizations, and key sec
21 January 2025 /security /crime
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
James O'Sullivan CEO at Nuke from Orbit
As the digital and physical worlds collide, smartphones have become central to our existence. From keeping us connected to our friends, family, and workplaces to providing access to payments, banking, and the online world, the devices in our pockets contain valuable information about our lives. Yet, with this ease of access comes worrying risks. A...
10 October 2024 /security /payments
Prashant Bansal Sr. Principal Consultant at Oracle
Abstract Adaptive security architecture has emerged as a critical cybersecurity approach in today’s dynamic threat landscape. This framework, built upon four foundational pillars, emphasizes proactive measures to anticipate, prevent, detect, and respond to security threats. By shifting away from reactive strategies, organizations can mitigate risk...
01 October 2024 /security
Retired Member
Understanding the Importance of Data Security in Fintech In the rapidly evolving landscape of fintech, data security has become paramount. The financial sector is particularly vulnerable to breaches, given the sensitive nature of the information it handles. Customers entrust their financial details to institutions, and any lapse could lead to cat
20 September 2024 /security
In the digital age, ensuring the security of your data has become paramount. GitLab, a popular platform for version control and collaboration among developers, is no exception. With an increasing reliance on cloud services, understanding how to secure your GitLab data is crucial for maintaining the integrity and confidentiality of your projects.
Six cybersecurity tactics for financial services to prevent disaster Anyone who has seen the apocalyptic cybercrime thriller Leave the World Behind will know just how terrifying a nationwide digital shutdown could be. Some shocking recent cybercrime statistics add plausibility to the risks posed by cybercrime: South Africa has the fifth worst cy...
12 September 2024 /security /cloud
Andrew Kays CEO at Socura
From January 2025, all UK financial organisations that do business in the EU must comply with the new Digital Operational Resilience Act (DORA). In all honesty, it’s a new regulation that forces organisations to do many things that they should have been doing for years. Most financial organisations will breeze through requirements such as red team...
01 August 2024 /security /regulation
Veronika Tibilashvili Senior Consulting Department Manager at Lextensio
KYC (Know Your Customer) and Due Diligence are key elements for the successful operation of any business, especially in today's globalized world, where the risks of fraud and financial crimes are increasing. These procedures help companies avoid legal problems, preserve their reputation and protect their financial interests. What is KUS and Due ...
15 July 2024 /security /regulation
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