Post Tagged with: "cybersecurity"

Regulation, Data Management Top Industry Concerns

Regulation, Data Management Top Industry Concerns

by January 6, 2017 at 12:54 pm 1 comment

Professionals in the financial services industry are focusing their energy on regulation and data management, according to a survey from consulting firm and technology services provider Synechron. Financial regulation remains the top concern for the new year among those in the financial industry, with 38% of the firms surveyed markingRead More

Why FIs Should Be Worried About Ransomware

Why FIs Should Be Worried About Ransomware

by December 14, 2016 at 11:40 am 0 comments

$209 million dollars. That’s the amount of money criminals made in the first three months of 2016 through the deployment of ransomware—a type of malware that locks a computer or other connected device until the affected party pays up, and which is becoming more and more popular as a choiceRead More

New Ransomware Uses Social Media, Demands Payment in Bitcoin

New Ransomware Uses Social Media, Demands Payment in Bitcoin

by November 29, 2016 at 10:46 am 0 comments

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin. Dubbed ImageGate by software company Check Point, the malware embeds itself into image or graphic files onRead More

The 4 Biggest Cybersecurity Errors for Consumers to Avoid on Black Friday

The 4 Biggest Cybersecurity Errors for Consumers to Avoid on Black Friday

by November 24, 2016 at 9:09 am 0 comments

Phone: charged. Cards: ready. Game face: on. Black Friday is here, and consumers couldn’t be more ready to win—because that’s what this day is about, not shopping, winning—but before they dive in plastic-first, shoppers should make sure they’re staying safe while they shop, and nowadays that means protecting their onlineRead More

Behavioral Recognition Is One-Upping Biometrics in Cybersecurity Circles

Behavioral Recognition Is One-Upping Biometrics in Cybersecurity Circles

by November 22, 2016 at 12:13 pm 1 comment

Scanning a thumbprint to access your bank account seems completely safe, right? Well, a notorious German hacker names Jan Krisller – a.k.a. Starbug – demonstrated how easy it is to duplicate a fingerprint or even an iris, using a high-res photo. He used Angela Merkel’s photo. Other hacks have foiled fingerprintRead More

Biometric Security Gains Popularity, But Is Far from Foolproof

Biometric Security Gains Popularity, But Is Far from Foolproof

by November 10, 2016 at 12:20 pm 0 comments

The importance of cybersecurity, particularly to banking, is under a spotlight at the moment, as online and mobile banking users and financial consumers find themselves dealing with hacks, Trojans, and malware bots, all gaining ground in the last two months. Whenever cybersecurity is discussed, the topic of biometric authentication risesRead More

6 Hottest Trends in Banking Page 3

6 Hottest Trends in Banking Page 3

by November 10, 2016 at 12:06 pm 0 comments

3. Regulatory Upheaval: PSD2, Trump, and Beyond If there’s one area looking like a powderkeg for 2017, it’s regulation: anything from European institutions gearing up for the dawn of PSD2, to the potential end of  Dodd-Frank, regulatory change has the potential to turn the current financial landscape into something allRead More

We’re A Little Worried About this Android Banking Malware, and Here’s Why

We’re A Little Worried About this Android Banking Malware, and Here’s Why

by November 7, 2016 at 12:19 pm 2 comments

It’s a rough year to be an Android fan: a new banking Trojan has infected over 200,000 Android devices over the last month, by influencing or pushing users to enter their online or banking credentials into a screen overlaid onto the open app. The Android Trojan is targeting a collectionRead More

Biometrics and the Evolution of the ‘Insured Internet’

Biometrics and the Evolution of the ‘Insured Internet’

by October 25, 2016 at 9:35 am 1 comment

LAS VEGAS — At Money 2020—a global event surrounding really everything involving money currently happening in the one and only Las Vegas—one of the topics on everyone’s minds is definitely security, specifically of the digital kind. At this point we know the stats: hackers, fraudsters, and literal-minded smart contract readersRead More

SPECIAL ALERT: DDoS Attack Shuts Down Key Fintech Sites

SPECIAL ALERT: DDoS Attack Shuts Down Key Fintech Sites

by October 21, 2016 at 1:46 pm 1 comment

PayPal, Braintree, Shopify and several other key fintech sites were shut down today, apparently as a result of a denial of service attack early this morning on Dyn, an internet service provider. The attack knocked down the sites — we count at least a dozen key fintech sites down — for several hours.Read More