2250 Results from /security
Paul Holland CEO at Beyond Encryption
Sustainability has rapidly moved to the forefront of corporate priorities, placing immense pressure on the financial sector to reduce its environmental impact. Beyond regulatory mandates and boardroom discussions, the expectations of consumers are clear. Research shows that nearly three-quarters of consumers are more likely to choose a bank that ...
18 December 2024 /security /sustainable
Kajal Kashyap Business Development Executive at Itio Innovex Pvt. Ltd.
In today's digital landscape, where data breaches and cyber threats are increasingly prevalent, ensuring the security of sensitive information is more important than ever. ISO 27001, the global standard for information security management systems (ISMS), provides a comprehensive framework for protecting information assets from a wide range of threa...
13 December 2024 /security /regulation
Prashant Bhardwaj Innovation Manager at Crif
In our earlier conversations, Amit Gaur, a bank manager in a rural area of Haryana, often lamented the decreasing foot traffic in banks, noting that it was almost a day off after lunch hours as customers increasingly turned to digital transactions. Recently, however, he shared alarming insights about the rising tide of digital fraud affecting his
12 December 2024 /security /crime Transaction Fraud Systems and Analysis
James O'Sullivan CEO at Nuke from Orbit
Mobile phones are integral to modern life. An overwhelming 98% of 16 to 54-year-olds own a smartphone, and 59% of workers favour their phones over laptops or desktops for running their businesses. This reliance is particularly evident in financial services. Research shows that more than three-quarters (78%) of mobile users access banking service...
11 December 2024 /security /crime
Why PCI DSS Compliance is Essential ✅ In a digital-first world, securing payment data is critical. The Payment Card Industry Data Security Standard (PCI DSS) provides a framework that ensures sensitive payment card information is protected. Non-compliance can lead to hefty fines and reputational damage, making PCI DSS more than just a requirement
10 December 2024 /security /payments
Erica Andersen Marketing at smartR AI
The rapid advancement of artificial intelligence (AI) brings with it tremendous potential benefits, but also potential risks. To ensure AI is developed and used responsibly, the concept of AI guardrails has emerged as a crucial framework. Private Small Language Models (SLMs) would also appear to be very helpful in building AI guardra What are AI
09 December 2024 /ai /security Artificial Intelligence and Financial Services
Artificial intelligence (AI) has been rapidly evolving, with large language models (LLMs) like GPT-X, LLama, and Claude taking center stage. However, a recent survey by the IBM Institute for Business Value has highlighted concerns around accuracy and bias in AI, with nearly half of CEOs (49%) expressing worries about these issues. In fact, the su
02 December 2024 /ai /security Artificial Intelligence and Financial Services
Guy Guzner CEO and co-founder at Savvy Security
We’ve seen a massive surge in SaaS adoption over the past few years. More than 80% of businesses use at least one SaaS application in their operations, but most have more than 250. And in industries like banking, financial services, and insurance, SaaS adoption is projected to increase to more than $130 billion by 2027. The nature of SaaS apps mak...
27 November 2024 /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
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