88 Results from 2021, /security
Tristan Hinsley Cybersecurity Engineer at TDI Security - tdisecurity.com
Just as we wrote about the Top 5 Cyber Attacks in the Aviation Industry, credit unions have faced similar issues as the target of dedicated cyber criminals. In a recent blog post, we talked about the risks that credit unions face in the current threat landscape, but we didn’t talk about specific events. In the first half of 2021 alone, the financ...
29 December 2021 /security /retail Information Security
Mark McCluskie Head of Investigations EMEA at Nuix
Fraudulent activity surging The Office of National Statistics (ONS) has reported that 5 million fraud offences were committed in the year ending June 2021: A 32% increase compared to 2019. Despite the prevalence of fraud across the country, some corporates including financial institutions believe that criminal behaviour isn’t something that they ...
15 December 2021 /security /crime Information Security
Retired Member
The holiday shopping season is in full swing. Online sales are forecast to hit over £32 billion from mid-November to the end of December 2021. However, it’s not all glad tidings; more online shopping equals more sharing of online credentials and greater cyber risk. And this risk is prolific - hackers stole £754 million in the first six months of ...
14 December 2021 /security /identity Banking Strategy, Digital and Transformation
Willem Lambrechts Managing Director at Drebbel
Amazon, Google, Azure,...all three public cloud providers were forced to inform their clients and shareholders about vulnerabilities in the software they use and make available to their customers. Nobody will deny that cloud services offer a lot of advantages compared to on-premise systems and software. Not surprisingly however, security is the big...
14 December 2021 /security /startups Cloud Banking out of the Box
Alex Robinson Fraud Analytics at TSB
Unsecured systems and processes can be remarkably easy to exploit. Just imagine a banking call centre, where employees process payments on behalf of customers every day. Before the world changed in early 2020, call centre supervisors could control and monitor employee access to customers’ information and money. When that work went remote, supervi...
01 December 2021 /security /crime Financial Risk Management
Uldis Teraudkalns CEO at Nexpay
However you read the facts and motivations behind the Poly Network hack, it was still possible to remove over $600 million in cryptos without anyone being able to stop it. In both cases - Poly Network’s $600 million and Kucoin’s $285 million losses - all or nearly all of the missing money returned to where it came from. But that’s hardly the poin...
30 November 2021 /security /crypto
How the financial sector is learning lessons from forests to counter cybercrime. When a tree in a forest comes under attack – such as from an animal eating its leaves – it releases hormones and pheromones alerting others to the danger. These can trigger changes in the composition of sap in surrounding trees to make it less appealing to the predato...
16 November 2021 /security /regulation
How we managed payments only few years ago is now going through a big change on every level. Not only are we seeing the expansion of digital platforms, but also new products like digital wallets and biometric cards are popping up everywhere. Biometrics are used to identify individuals using unique identifiers such as facial recognition, iris verifi...
15 November 2021 /security /payments Biometrics
Kevin Eley VP of Sales, UK and Europe at LogRhythm
Revenue and profit growth is a welcome outcome for CEO’s — it’s an indicator that business is healthy. But growth can pose a challenge for CISOs for two reasons. Firstly, growth invariably increases the risk exposure of the organisation (as growth is often correlated with acquisitions, increased headcount or geo expansion). Secondly, larger busi
08 November 2021 /security /regulation Fintech
Ed Ackerman Director of Alliances & Partnerships at Onfido
Of the 333,000 items found on the London Transport network each year, around one in ten are mobile phones. And while we may not have all experienced losing this most treasured of items, we can empathise with the massive inconvenience. And with good reason. New research from Onfido and Okta found that 35% of customers would find it difficult to acc...
04 November 2021 /security Biometrics
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