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FinanceFraudsters Targeting Mid-Sized Financial Institutions – Framl Technology Counters Attacks
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TechnologyWhy Banking & Financial Services Organizations Must Prioritize Domain Security
Cybercriminals Continue Attacks on Banks: How Banks Can Strengthen Their Security?
Date: February 16, 2023
Financial institutions in French-speaking African countries have been targeted by cybercriminals for months. The hackers carried out their last attack in September 2022 and continue to pose a threat. Researchers reported in November that a crew of French-speaking attackers, nicknamed “OPERA1ER”, had targeted financial institutions around the world, netting as much as over $30 million....
Banking in the Year Ahead: Industry Standards and Digital Transformation Become Business Practice
Date: February 15, 2023
By Shanker Ramamurthy, Managing Partner Global Banking & Financial Markets, IBM Consulting The future of banking is the history of banking flipped on its head. The industry which used to compete based on back-office efficiencies, will increasingly compete based on front-office customer experiences going forward. Banks Face Competing Priorities In our IBM Institute for Business Value’s...
Importance of Reevaluating Pricing Strategies Ahead of a Recession
Date: February 9, 2023
By Mac Thompson, President and founder of White Clay A recent Federal Reserve survey shows banks are confident a recession is coming – the majority see a 40-80% chance of this happening in the next 12 months. As a result, some financial institutions are tightening their lending standards to preserve capital. However, one thing that...
Russian Threat to Baltic Security Rising – Estonian Intelligence Report
Date: February 8, 2023
By Andrius Sytas VILNIUS (Reuters) – Estonia’s Foreign Intelligence Service said it believed Russia still had the strength to exert “credible military pressure” on the Baltic region, where the security risk has risen for the medium and long-term. NATO and the European Union members Estonia, Latvia and Lithuania – the so-called Baltic states – have...
ECB to Zero in on Soured Loans This Year as Economy Slows
Date: February 8, 2023
FRANKFURT (Reuters) -European Central Bank supervisors will zero in on bad loans this year after finding that some euro zone banks had set too little money aside for them or were slow in recognising the problem, the ECB said on Wednesday. Presenting its annual review of the sector, the ECB said euro zone banks generally...
Allure of Japan’s Powder Snow a Growing Danger as More Tourists Ski Backcountry
Date: February 7, 2023
By Mariko Katsumura and Elaine Lies TOKYO (Reuters) – The popularity of Japan’s crisp powder snow among foreign skiers, surging back into the country, is luring more to seek the thrill of pristine backcountry slopes – sometimes with deadly impact. A rise in backcountry accidents comes as the Japanese government heavily promotes inbound tourism post-pandemic,...