The relationship between cyber attacks and fraud is increasingly problematic. Society’s reliance on digital technology increases our vulnerability to fraud. Fraudsters see gaining data through cyber attacks simply as a step in the process – a means to an end. But these attacks create real headaches for victims and the authorities and the fraud creates significant costs for banks and society. James Hatch, Director of Cyber Services at BAE Systems Applied Intelligence, discusses how he believes fighting modern fraud needs a radical new level of collaboration and trust.
Chief Security Officer (CSO)
Recent research highlighted that application breaches are rising and so are the security risks of running business critical apps in zero-trust environments. With this being the case it is vital that enterprises are given insight into the security posture
Personal identification numbers (PINs) are everywhere. These numeric versions of the password have been at the heart of data security for decades, but time moves on and it is becoming evident that the PIN is no longer fit for purpose.
Written By: Susan Smithfield – International Director In the current business environment—characterized by high connectivity and excessive reliance on digital infrastructure,…
Currency is moving toward a digitized model. Cryptocurrencies, as they’re dubbed, have quickly become a multimillion-dollar industry, with droves of users, uses and formats that stand to upend the current financial industry.
SWIFT, Society for Worldwide Interbank Financial Telecommunication, has executed 28 million payment messages per day, as published in their May 2017 report. SWIFT connects more than 11,000 banks and financial corporations worldwide.
Information-technology (IT) outsourcing is being applied increasingly in all areas of business—in particular it is growing in application in the banking and financial-services sector. IT outsourcing provides many benefits, in particular significant cost-cutting.
Geopolitical risk is becoming a major issue of security for businesses and in particular the banking sector. Since his inauguration in January 2017, there remains a lot of uncertainty around Trump’s cybersecurity plans and policies.
Over the last few years, massive investments have been made globally in the fintech (financial technology) sector. In 2010, $1.8 billion was pumped into fintechs; with each year seeing an exponential jump in the amount invested,