Chinese multinational bank hit by ransomware
The state-owned Industrial and Commercial Bank of China (ICBC), which is one of the largest banks in the world, has been hit by a ransomware attack that led to disrupted …
AI is transforming financial crime compliance
While 86% of compliance, operations, risk and IT professionals at banks and non-banking financial institutions (NBFIs) surveyed said they would increase spending on AI and ML …
Strong compliance management is crucial for fintech-bank partnerships
72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process, according to Ncontracts. As …
The staggering cost of identity fraud for financial services
The impact of identity fraud varies for organizations in the financial services industry, based on whether they belong to the banking or FinTech sector, according to Regula. …
Threats targeting fintech companies are on the rise
In Q1 of 2022, fintech companies experienced 2.5 times more attacks than in the two previous years. The growing rate of cybercrime has added to the market unrest and …
Contactless is reigning: Consumers can’t even remember their PIN
Marqeta has released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise. …
Modern bank heists: How can they be thwarted?
In this video for Help Net Security, Tom Kellermann, Head of Cybersecurity Strategy at VMware, talks about threats against financial institutions and the findings of the …
Keep your digital banking safe: Tips for consumers and banks
In this interview for Help Net Security, Reza Zaheri, CSO at Quantum Metric, talks about digital banking security and what can banks, as well as consumers, do to protect their …
Top threats for the financial sector
The potential financial, operational, and reputational impact of ransomware makes it the top threat facing financial services organizations, according to a report from …
Consumers demand a digital banking experience with security at its foundation
The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption …
Why banks should incorporate software bill of materials (SBOM) into their third-party risk programs
In the face of rising cybersecurity threats, the Biden administration issued an executive order in May 2021 calling for improvements in the supply chain. Among the recommended …
Open banking innovation: A race between developers and cybercriminals
In this interview with Help Net Security, Karl Mattson, CISO at Noname Security, explains the wide usage of open banking and how it can easily be exploited if adequate …
Featured news
Sponsored
Don't miss
- Sumo Logic discloses potential breach via compromised AWS credential
- Marina Bay Sands breach exposed data of 665,000 customers
- The 3 key stages of ransomware attacks and useful indicators of compromise
- Aqua Trivy open-source security scanner now finds Kubernetes security risks
- AI-assisted coding and its impact on developers