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

New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud

New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud
New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud
July 02, 2020  |  Cybersecurity

As a one-size-fits-all solution does not exist for the increasing problem of synthetic identity fraud, The Federal Reserve reports that experts suggest a “comprehensive approach”...

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Open Banking Takes On Financial Crime Big Time
Open Banking Takes On Financial Crime Big Time
June 30, 2020  |  Fraud Prevention

Partnerships of legacy financial institutions (FIs) and FinTechs are bringing forth some of the coolest experiences in banking. It’s a trend exemplified by open banking...

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Investec On Building Consumer Trust In Open Banking Systems
Investec On Building Consumer Trust In Open Banking Systems
June 26, 2020  |  Fraud Prevention

More than 10,000 financial institutions (FIs) are currently participating in open banking initiatives worldwide. But as it turns out, approximately 49 percent of banking customers...

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Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
June 25, 2020  |  Fraud Prevention

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour...

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Corporate Card Innovators Look Beyond Business Trip Spend
Corporate Card Innovators Look Beyond Business Trip Spend
June 24, 2020  |  B2B Payments

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are...

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US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
June 16, 2020  |  Cybersecurity

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy...

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FBI Issues Warning To Bank Mobile App Users 
FBI Issues Warning To Bank Mobile App Users 
June 12, 2020  |  Banking

As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to...

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