The Federal Reserve's online money transfer system, including Fedwire Funds and FedCash, suffered an outage for more than three hours Wednesday afternoon, with the Fed citing technical issues as the cause and not a cyber incident. Systems were restored by late afternoon.
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Bad bots breach user accounts, tie up inventory, reduce conversion and decrease revenue. How confident are you that your current solution is stopping bad bots?
Download this e-book to discover the seven must-haves for bot protection & learn:
Everything you need to know about bad bots;
Why legacy bot protection...
Organizations in the APAC region are not immune to the impact of the SolarWinds supply chain hack, so it's essential that they reassess their risk management practices and audit their suppliers, two security experts stress.
When it comes to finance, mobile banking or payments apps, maintaining customer trust is crucial to protecting brand equity and revenue. Cloud technology has eliminated the traditional network perimeter, leaving unsecured mobile endpoints vulnerable to attack. According to recent analyst research, mobile finance apps...
When he co-founded ThreatMark nearly six years ago, Michal Tresner saw it as a threat detection solution for online banking. Very quickly, he realized the future was in behavior profiling and fraud prevention. Tresner discusses the emergence of this science and biometrics technologies.
In defining an IAM strategy for the cloud, CISOs need to automate the processes of provisioning, de-provisioning, monitoring and auditing as well as implementing federated access and API integration, says Rushdhi Mohammad, information security officer at the Industrial Bank of Kuwait.
Global messaging app WhatsApp's instant payment service went live in India on Dec.16. But despite its two-factor authentication being accepted by leading banks, there are concerns about potential security issues.
Banking institutions are seeing a significant spike in
multichannel financial crimes. Data and analytics can be
key differentiators in the effort to protect sensitive
Download this eBook to learn more about:
Financial crime trends and how they’ve evolved in 2020;
The manifestation of...
Alexander Vinnik, a Russian national who founded the now-defunct BTC-e cryptocurrency exchange, has been found guilty of money laundering in France and has been sentenced to five years in prison, according to media reports. He faces additional charges in the U.S. and Russia.
An enterprise's cross-functional groups responsible for the business growth and brand reputation should be held equally accountable for cybersecurity. That's the view of a CISO and a CTO who participated in a fireside chat at ISMG's recent Virtual Cybersecurity Summit.
Citi, Equifax, Capital One - the list of financial institutions that have suffered high-profile cyber incidents is long, and the penalties they've incurred have been steep. To Scott Kannry, CEO of Axio, it all comes down to cyber risk - and he has new ideas for redefining it.