Cybersecurity

Computer security, cybersecurity or information technology security is the protection of computer systems from the theft of or damage to their hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.

(source: en.wikipedia.org)

Experts Reconsider Banning Ransom Payments as Ransomware Attacks Surge
Experts Reconsider Banning Ransom Payments as Ransomware Attacks Surge
October 25, 2023  |  Cybersecurity

Ransomware attacks have surged this year, despite efforts to curb them. As a result, experts are now reconsidering the idea of banning ransom payments altogether,...

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FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
October 20, 2023  |  Fraud Attack

A new report by the Federal Trade Commission (FTC) shows the extent of the problem of cross-border fraud. Since the FTC began monitoring complaints on...

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Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
October 20, 2023  |  Fraud Prevention

The rise of digital banking and faster digital payment methods has accelerated fraud and financial crime, prompting banks and financial institutions (FIs) to enhance their...

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NymCard Teams With ACI Worldwide to Fight Financial Fraud
NymCard Teams With ACI Worldwide to Fight Financial Fraud
October 19, 2023  |  Fraud Prevention

Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat fraud. The partnership, announced late Wednesday (Oct. 18) sees NymCard enhancing its fraud platform with ACI Fraud Management...

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Lloyd’s of London: Payments System Cyberattack Could Cost $3 Trillion
Lloyd’s of London: Payments System Cyberattack Could Cost $3 Trillion
October 18, 2023  |  Cybersecurity

A report found that a major payment system cyberattack could cost $3 trillion. The report, “Illuminating cyber crime,” was published Wednesday (Oct. 18) by insurance...

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US Government Urges Global Effort to Combat Ransomware Attacks
US Government Urges Global Effort to Combat Ransomware Attacks
October 16, 2023  |  Cybersecurity

The U.S. government is taking a stand against the growing threat of ransomware attacks by urging other countries to commit to not making ransom payments...

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Internet Companies Successfully Defend Against Largest-Ever Denial-of-Service Attack
Internet Companies Successfully Defend Against Largest-Ever Denial-of-Service Attack
October 11, 2023  |  Cybersecurity

Internet companies Google, Amazon and Cloudflare have successfully defended against the largest-known denial-of-service attack on the internet, raising concerns about a new technique that could potentially cause widespread disruption....

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EU and Japan Take Similar Views on Artificial Intelligence
EU and Japan Take Similar Views on Artificial Intelligence
October 09, 2023  |  artificial intelligence

When it comes to artificial intelligence (AI), Europe and Japan are reportedly of like minds. “I see a lot of convergence in how we look...

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Crypto Wallet Manufacturer Ledger Lays Off 12% of Staff 
Crypto Wallet Manufacturer Ledger Lays Off 12% of Staff 
October 05, 2023  |  Cryptocurrency

Ledger, a French firm building hardware and software for securing crypto assets, is laying off 12% of its staff.  “Macroeconomic headwinds are limiting our ability...

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