Most mobile finance apps vulnerable to data breaches
77% of financial apps have at least one serious vulnerability that could lead to a data breach, an Intertrust report reveals. This report comes at a time where finance mobile …
Operation HAECHI-I intercepts $83M in online financial crimes
Amid an exponential increase in online fraud, an INTERPOL-coordinated operation codenamed HAECHI-I mobilized more than 40 specialized law enforcement officers across the Asia …
Application security not a priority for financial services institutions
Contrast Security announced the findings of a report based on a comprehensive survey of development, operations, and security professionals and executives at enterprise-level …
Identity crime victims struggling with financial, emotional and physical impacts
Nearly 30 percent of people who contact the Identity Theft Resource Center (ITRC) are victims of more than one identity crime. Their latest study covers the 36 months from …
5G business smartphone shipments to grow steadily
5G business smartphone shipments will grow at a CAGR of 28% over the 2021-2026 forecast period, according to a Strategy Analytics forecast. High positive growth is expected in …
3.4 billion credential stuffing attacks hit financial services organizations
Akamai published a report that provides an analysis of both global and financial services-specific web application and credential stuffing attack traffic, revealing …
Cloud compromise now the biggest cybersecurity issue for financial institutions
Infoblox unveils a research into how the COVID-19 shutdowns challenged the financial services industry’s core infrastructure. More than one year into the pandemic, …
Financial institutions experiencing jump in new pandemic-related threats
Financial institutions (FIs), such as banks and insurance providers, are reporting significantly increased threat levels from COVID-related cybercrime, according to a research …
Digital transformation investments a top priority for most CFOs
When it comes to digital transformation and its significance amongst other corporate priorities, 80% of CFOs globally cite it is within the top-five of their list of …
How organizations can optimize cloud spend
Although 80% organizations recognize cloud computing as being vital to their financial security, 57% have encountered unexpected costs, according to a study from Aptum. 80% IT …
Consumers embracing biometrics to protect their information
Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that …
Number of users of software-based facial recognition for payments to surge
The number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020, a Juniper Research study …