cybersecurity
BankingRising Security Risks in the Banking Sector and How to Reduce Your Exposure
BankingOpen Banking and APIs: The Security Challenges
FinanceHow Risk Analytics Is Transforming the Financial Industry
TechnologyPrepare for the Worse ~ Cybersecurity Predictions for 2022 ~
Distributed Denial-of-Service Attacks Became Bigger and More Complex in 2021
Date: March 25, 2022
Average DDoS attack size quadrupled, according to new data from F5 Largest ever attack recorded at 1,4 Tbps. Attacks larger than 250 Gbps increased by 1,300% Over 25% of total attacks targeted banking, financial services, and insurance (BFSI) sector London, 24th March, 2022 – Distributed Denial-of-service (DDoS) attacks decreased slightly in 2021 but are becoming...
Cyber Threats to the Financial Services Sector
Date: March 24, 2022
By Ashley Allocca, Senior Cyber Security Intelligence Analyst at risk intelligence firm Flashpoint Analysis of organisations targeted by threat actors last year indicates every type of business in the financial services industry (FSI) is at risk of a cyber-attack. From retail, commercial and internet-native banks and credit unions to credit card companies, investment brokerages, insurance...
Should Financial Services Be Reticent to the Cloud?
Date: March 23, 2022
By Jay Turner, vice-president, development and operations at Console Connect. In recent years, a wave of data breaches and leaks have pursued businesses in the financial sector. A report from the NCSC found that 39% of UK-based businesses had a cybersecurity breach or attack in the last 12 months. It’s no surprise that UK financial regulators are...
Deloitte Signs MoU With Cyber Security Council to Advance the Cyber Security Agenda in the UAE
Date: March 23, 2022
Deloitte and the Cyber Security Council (CSC) have signed a Memorandum of Understanding (MoU) to engage in collaborative activities supporting the Cyber Security agenda in the United Arab Emirates (UAE). The MoU will enable Deloitte and CSC to collaborate and leverage Deloitte’s expertise and experience in UAE Cyber Security, while drawing on internationally recognized good-industry...
EU Proposes Cybersecurity Rules for EU Bodies Amid Cyberattack Worries
Date: March 22, 2022
By Foo Yun Chee BRUSSELS (Reuters) – EU countries should put in place a framework to manage cybersecurity risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyberattacks that could disrupt key activities and steal sensitive information. The proposal is part of a package of draft rules by the EU...
Why Are Money Remittance Scams Becoming Harder to Detect? Yotam Dar Explains
Date: March 17, 2022
Consumers lost an estimated $5.8 billion to fraud in 2021 due to online scams. The vast majority of these are money remittance scams, where a victim will be coursed into sending a scammer money over the internet. These scams can take many forms and are increasingly becoming harder to detect. In this article, we’ll be...