96 Results from 2016, /security
Jason Mace Managing Director at Gala Technology
When historians look back on 2016 I suspect it will be viewed as something of a watershed year. It will be remembered for the year of Brexit, the year of Trump, and for growing numbers of business owners, the year of fraud. For many business owners, it’s not just the consequences of being left red faced and empty handed that makes fraud such an e...
15 December 2016 /security /payments
Retired Member
Organisations today face more complex software risk than ever before. With an increasing number of breach and ransomware stories making front page news, the need for robust corporate defence has never been more vital. Indeed, data breaches that regularly make the headlines are often perceived as 'outsider' hacks, characterised by the belief a hack...
14 December 2016 /security /regulation
Cyberattacks and breaches have grown in frequency, and losses are on the rise. In 2015 the number of U.S. data breaches continued to break records with 781 reported where the number of records exposed was about 169 million records, according to the Identity Theft Resource Center. For a more global view, as of the first half of 2016 there were 97...
08 December 2016 /security /regulation Innovation in Financial Services
Additional stringent know your customer (KYC) regulation comes into effect in the US in spring 2018. The new rules concern ‘beneficial ownership’ – institutions will have to discover ‘ownership’ – defined as direct or indirect ownership of 25 per cent or more – of the customer ‘entity’ (such as a company) and who is in ‘control’ of the funds. The i...
06 December 2016 /security /regulation
Premium banking has always been about seamless service and pre-eminent asset performance. But now there’s a new factor in the premium equation: the challenge of assuring client trust in a digital age. “Follow the money” is an old adage but one that cyber criminals take to heart still, as they target some of the world’s wealthiest private banking c...
28 November 2016 /security
Brave New World Would you believe, we still rely on fifteen-year-old technology for today's internet payment security? So much has changed in that time, the exciting news is we’re about to make a big leap, into a very different-looking future. Internet shopping is no longer about a simple laptop or desktop browser. Consumers aren’t happy to be co...
22 November 2016 /security /payments
Last week, even as the shadow of Wikileaks loomed large over the third US presidential debate, another event of epic proportions happened in the cyber-world. Large scale DDoS (Distributed Denial of Service) cyberattacks disrupted the availability of popular websites like Twitter, Netflix and Paypal, among others, across North America and Europe. A...
11 November 2016 /security
Financial institutions continue to grapple with the ever increasing complexities of cyber security. As online services across all channels grow, so does the security risk. The underlying questions are - how do organisations modernise the legacy platforms that were not designed for the open, connected world of today’s demanding consumer base, and p...
11 November 2016 /security /regulation
Miloslav Hoschek Freelancer at e-Silk Road, NGO
The new General Data Protection Regulation (GDPR) is a new banking charter protecting personal data and will have a legal impact all entities trading with European citizens from May 2018. Banking Advanced Authentication – support strong and risk authentication needs with technology implementation from the leading vendor, Banking API Management and ...
08 November 2016 /security /regulation Payments strategies 2015-2020-2030
Robert Siciliano Security Analyst at Safr.me
The October anniversary of the liability shift has passed, and anniversaries are an excellent time to look back on progress…this is no exception. The U.S. EMV migration plan was set four years ago as a way to fight card fraud and to protect both consumers and merchants. Back in the day, we had one choice when we wanted to purchase something, and t...
02 November 2016 /security
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