FinTech company Finastra recently suffered a ransomware attack that caused disruptions to its global operations, potentially due to running unpatched servers for a long period of time. Read More
Study Shows That One-Third of Financial Services Companies Lack Clear Plans to Address Privacy Risks
Study shows the lack of protection mechanism against privacy risks hinders both the financial services companies and customers from benefiting from data-centric value-added services. Read More
Recent survey on 200 banks worldwide found 4 in 5 of them had experienced at least one SWIFT fraud attempt since 2016, and the problem appears to be growing. Read More
Sharing of financial data in the Google-Citi deal quickly attracted the attention of consumers, lawmakers and regulators concerned about the potential privacy implications. Read More
The biennial cyber exercise for the first time brings the U.S., Asia and Europe financial industry together for a sort of "war game" that simulates a major financial institution being taken out by a ransomware attack. Read More
The need for more data sharing amongst financial institutions to combat anti-money laundering does not have to clash with the growing movement to enforce stringent data privacy standards. Read More
UniCredit suffered a recent data breach which exposed PII of nearly 3 million customers. The bank said there is no stolen banking account information that enables hackers to make unauthorized transactions. Read More
South African Banking Risk Information Centre warned that banks in the country had been experiencing repeated DDoS attacks and ransom notes were delivered to a number of staff email addresses. Read More
A group of angry shareholders is behind the new Equifax lawsuit which alleged the company has not adequately disclosed risks or security practices that led to the worse data breach violation in history. Read More
Since U.S. and Europe’s first experience of ATM malware and jackpotting attacks in 2017 and 2018, evidence is mounting that the attacks are making a comeback with new twists and approaches. Read More
