The U.S. Securities and Exchange Commission sanctioned eight financial firms for alleged failures related to cybersecurity policies and procedures, each stemming from email account takeovers and related incident response, the regulator announced this week.
Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
Security experts offer an analysis of Gartner's new strategic road map for SASE adoption that emphasizes the need for a detailed migration plan and offer tips for a successful rollout.
The Covid-19 pandemic has vastly changed the world and the socioeconomic landscape, and quickly moved the world further online. Identity fraud rates and financial crime followed suit, posing additional challenges for businesses.
In this webinar Veriff co-founder and CPO (Chief Product Officer) Janer Gorohhov...
With no federal privacy law in place, individual states in the US are working to create their own privacy laws to protect their residents. California’s law is already in place, and Virginia just recently passed one of its own. Colorado has a law on the table for voting, while other states are trying repeatedly to...
Announced in September 2020 as part of the new Digital Finance Strategy, the Digital Operational Resilience Act (DORA) is being carried out by the EU to harmonize Information and Communications Technology (ICT) risk requirements across Europe. This regulation specifically targets the banking and financial services...
KYC (Know Your Customer) is all about knowing your customers are who they say they are. But if you think your regulatory requirements stop at onboarding: think again. Your firm is responsible for preventing fraud and financial crimes throughout the entire customer journey.
In this guide, we'll walk you through how...
The COVID-19 pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for Financial Institutions and other AML regulated entities.
How has the AML regulatory climate shifted most...
Financial services institutions (FSIs) are a top target for cybercriminals and will continue to remain so due to the actual money involved and amount of personally identifiable information (PII). The majority of attacks (64%) against FSIs are perpetrated by external actors who are financially motivated (91%) to access...
Learn why DZ BANK, the second largest bank by asset size in Germany, needed a solution to not only protect the bank’s assets and sensitive information but also comply with financial regulations and data protection practices.
Matthias Tauber, Senior services manager for IT security shares why he and his team moved...
A recent study conducted by Aite group found that 97% of financial apps have no protections against decompiling and viewing source code. In fact, of the 4+ million apps in Google’s Play Store and Apple’s App Store, the majority are not sufficiently protected to stop even the most basic reverse engineering attack....
A recent study conducted by Aite group found that 97% of financial apps have no protections against decompiling and viewing source code. In fact, of the 4+ million apps in Google’s Play Store and Apple’s App Store, the majority are not sufficiently protected to stop even the most basic reverse engineering attack....
Almost 50% of phishing attacks targeting financial services intend on stealing corporate login credentials.
Cloud reliance has increased mobile vulnerability, as attackers use increasingly complex cyberattacks that go beyond the management capabilities of an MDM. Once attackers have access, they move laterally...
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