Only 12% of banks appear to be fully committed to digital transformation
The US$1 trillion that traditional retail and commercial banks have invested globally over the past three years to transform their IT operations has not yet delivered the …
Open banking establishes new access to banks’ networks, creating additional security issues
As more markets adopt open banking — which mandates banks to open their systems to third parties — it will be increasingly critical for banks to ensure the security of not …
Which cyber threats should financial institutions be on the lookout for?
Banks and financial services organizations were the targets of 25.7 percent of all malware attacks last year, more than any other industry, IntSigths revealed in their latest …
Consumers trust banks most with their personal data, 68% still fear identity theft
People trust banks and other financial entities to safeguard their personal data more than other organizations. New nCipher Security research also illustrates how easily that …
Banks continue to prioritize risk management over customer convenience
Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. Of specific concern are …
Cybercriminals are increasingly using encryption to conceal and launch attacks
In this Help Net Security podcast, Deepen Desai, VP Security Research & Operations at Zscaler, talks about the latest Zscaler Cloud Security Insight Report, which focuses …
90% of consumers value additional security measures to verify mobile-based transactions
A strong majority of US adults value additional security measures for mobile transactions, with 90% reporting they would want the ability to approve some or all mobile device …
Bank of Valletta suspended all operations in wake of cyber attack
Maltese Bank of Valletta (BOV) has been breached by hackers and has temporarily suspended all of its operations to minimize risk and review its systems. The bank shuttered its …
Battling attacks from global criminal networks in the financial sector
Every now and then, banks and financial institutions (and their customers) are targeted by opportunistic hackers, but they are much more worried about those that are smarter, …
ATM attackers strike again: Are you at risk?
The United States National ATM Council recently released information about a series of ATM attacks using rogue network devices. The criminals opened the upper half of the ATM …
CFO: Disrupting, taking control, and turning data into value
Chief financial officers (CFOs) at banks and insurance companies are playing a growing role in digital transformation by leveraging new data and analytic technologies and by …
UK citizens fear identity theft over other security concerns such as national security
The 2018 Unisys Security Index, a security barometer which surveys over 1,000 UK citizens, has revealed identity theft as the top worry for UK citizens, with 56 percent of …
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