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China’s Xi Proposes ‘global Security Initiative’, Without Giving Details
Date: April 21, 2022
By Kevin Yao and Yew Lun Tian BOAO, China (Reuters) – Chinese President Xi Jinping on Thursday proposed a “global security initiative” that upholds the principle of “indivisible security”, a concept also endorsed by Russia, although he gave no details of how it would be implemented. During a video speech to the annual Boao Asia...
Watchdog Warned UK Government of Spyware Infections Inside 10 Downing Street
Date: April 18, 2022
By Christopher Bing (Reuters) – Digital rights watchdog group Citizen Lab said on Monday it had warned British officials that electronic devices connected to government networks, including some inside the prime minister’s office and foreign ministry, appeared to be infected with Israeli-made spy software. The spy software is known as Pegasus, a product of Israeli...
Multi-Factor Authentication in Digital Banking
Date: April 13, 2022
By Dr. Hamed Taherdoost, Professor at University Canada West The internet revolution has influenced the banking industry in many aspects in both corporate and retail banking. Many banks have jumped to offer digital banking services without any physical branches recognized as “challenger banks” and “neo banks.” As more people perform their transactions using online banking services, the...
Communication Is Key as Strong Customer Authentication Rules Come Into Force
Date: April 13, 2022
By Andrew Stevens, Principal – Banking and Financial Services at Quadient It has taken a number of years, but many aspects of the Strong Customer Authentication (SCA) regulation have finally become mandatory across banking and retail in the UK. The new rules are designed to keep customers safe when shopping online and ensure their money is...
The Issue of Chargeback Fraud and How to Prevent It
Date: April 13, 2022
Neil Smith, Head of Strategic Partnerships EMEA, Forter Digital commerce businesses worldwide lose billions every year due to chargebacks, and a significant and growing portion of them result from chargeback fraud. It is a problem every online business must deal with at some point, and many companies see fraudulent chargebacks occurring every day. However, what...
How Can the Financial Services Sector Overcome the Obstacles Caused by the Great Resignation?
Date: April 12, 2022
By Fabien Rech, VP EMEA, Trellix According to PwC, more than half (56%) of financial services firms are prioritising the retention of talent, as the industry continues to face the critical impact of Great Resignation. This is followed by maintaining a high-level of employee engagement (44%) and planning for future talent requirements (36%). These issues are intensified...