As WhatsApp moves forward with it's new privacy policy that makes it clear it will share personal data with its parent company, Facebook, and other firms the social media giant owns, a panel of privacy experts says it should ensure that the data is not exported or used for commercial reasons.
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.
The Monetary Authority of Singapore has published a revised set of guidelines for technology risk management to help the country's financial institutions mitigate cybersecurity threats.
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
financial information.
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The Monetary Authority of Singapore has given non-bank financial institutions access to e-payment platforms Fast and Secure Transfers and PayNow systems, despite security concerns.
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.
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