77 Results from 2017, /security
Retired Member
It’s simple: the probability of being under cyber attack is 100%. From a Cyber Defense perspective, you have to be right all the time, at the contrary your adversary has to be right only once. Due to the nature of API’s, and their application in a financial context, the impact of exploiting a vulnerability could be huge. Imagine a flaw would let a...
20 December 2017 /security Fintech
On the 7th of November 2017, the UK PSR (Payment Systems Regulator) published a report and consultation paper “Authorised Push Payment scams PSR-led work to mitigate the impact of scams, including a consultation on a contingent reimbursement model*”. This paper is coming as a result of a complaint submitted in September 2016 from the consumer body...
23 November 2017 /security /regulation Online Banking
I’m willing to bet you know someone who’s fallen victim to credit card fraud – if you haven’t done so yourself. In the first six months of this year alone, there were a record-breaking 89,000 cases of fraud in the UK, with payment card fraud totalling $21.84 billion globally. Hackers are becoming more sophisticated. They can now get stolen card da...
15 November 2017 /security /payments Data Management 101
Alex Noble Account Director at McAfee
[Please note these are my personal views and should not be assumed to be the offical position of my employer] This is an exciting time for Blockchain and there is no shortage of hype. Over the past few months there has been a barrage of blockchain news and the BitCoin price has made it into the coverage of the traditional media. There’s also been...
10 November 2017 /security Trends in Financial Services
As European regulatory bodies encourage firms to embrace the cloud, it’s time to take a look at some of the benefits, concerns, and myths of archiving electronic communications in the cloud. Historically, a typical bank’s policy to running applications and storing data was they were all located on-premises. Public cloud services simply weren’t used...
07 November 2017 /security /regulation Business Knowledge for IT
Paul Irvine Director, Major Accounts UK&I at Fortinet
Mainframes and their use at modern enterprises are seen by many as outdated legacy IT systems that are becoming more and more obsolete as businesses are becoming increasingly reliant on the cloud. However, these notions are not entirely accurate. In reality, mainframe computing remains alive and well within many infrastructure-critical industrie...
06 November 2017 /security Information Security
Keith Stonell Managing Director, EMEA at Guidewire
GDPR. These letters are increasingly visible in the media. When it comes into force on 25th May 2018, the General Data Protection Regulation (GDPR) will apply to all EU member states, including the UK. Its aim is to standardise and strengthen data protection for all individuals within the EU; it also addresses the export of personal data outside...
30 October 2017 /security /regulation Data Protection Act Issues
As more and more details emerge in the wake of the Equifax breach, this should provide a perfect period of reflection for many companies, including those in the financial services sector - who still have a lot to learn about the handling of a major breach. With over 145 million Americans affected and reports of execs selling off stock before annou...
26 October 2017 /security Information Security
Sadly, it’s not hyperbole to say that literally every week we hear of a new data breach. In September, we learned that Equifax, one of the United States’ three major credit reporting agencies, fell prey to a breach that impacted 143 million American consumers, exposing Social Security numbers, home addresses and other sensitive personal informatio...
18 October 2017 /security
It can often feel like cybercriminals are two steps ahead. The result is that security professionals are constantly creating and updating their security protocols to match the volume of equally sophisticated malware attack vectors being directed at them. This is especially true for cybersecurity in financial institutions, this is in part due to th...
18 October 2017 /ai /security Information Security
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