Security

The stickiness of security for customer trust and seamless transactions

14 October 2022

The McKinsey 2020 Digital Payments Consumer Survey found that digital payments continue to grow in adoption and relevance. Smart solutions that offer accessible and easy digital transactions are increasingly becoming essential to consumer...

Habito reveals an increase in mortgage fraud detection with Resistant AI solution

16 September 2022

Resistant AI, an AI and Machine Learning financial crime prevention specialist, has announced that Habito, an online mortgage broker and lender, has reported a 30% increase in mortgage fraud detection following the implementation of its Document Forensics...

Payment Fraud Intelligence expands the Recorded Future Intelligence Cloud

12 September 2022

Recorded Future, the intelligence company, has announced the expansion of its Intelligence Cloud with Payment Fraud Intelligence, a single source of truth for identifying, mitigating and preventing payment fraud. Payment Fraud Intelligence enables those...

FinTechs are on the rise while the number of bank branches is falling

24 August 2022

According to data from Finnovista, Colombia is the third largest ecosystem of FinTechs in the region, behind only Mexico and Brazil. The increase in FinTechs of different verticals is due, among other reasons, to the good numbers presented by the Colombian...

Anti-fraud e-commerce platform arrives in Brazil in partnership with ICTS Protiviti

4 August 2022

ICTS Protiviti, a consulting firm specializing in governance, risk and compliance, is expanding its ecosystem of anti-fraud solutions for e-commerce by joining forces with Riskified, a fraud management platform used by global retailers. The use of...

SAS is a leader in anti-money laundering says research firm report

21 July 2022

SAS has been named a leader in anti-money laundering solutions by Forrester. The Forrester Wave: Anti-Money-Laundering Solutions, Q3 2022 evaluates the industry’s 15 most significant anti-money laundering (AML) technology providers, assessing and...

Banking malware threats surging as mobile banking increases

11 May 2022

The Nokia 2021 Threat Intelligence Report has revealed that banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit...

Eight guiding principles for Zero Trust in banking and financial services today

25 April 2022

Security leaders will be familiar with the term ‘Zero Trust’ – an approach crucial as vulnerabilities and attacks are becoming more damaging to organisations. Hila Meller, BT Vice President Security, Americas, EMEA and APAC, discusses some...

Revisit the fundamental element of secured banking: Know your breach likelihood

4 November 2021

Saket Modi, Co-Founder and CEO at Safe Security, describes how cybersecurity in the banking sector has now come into sharp focus. He says: “However, the fundamentals of how cybersecurity is approached are still unclear, which is why we still see...

UAE banking sector invests heavily in fight against cyberattacks

9 February 2021

Since the pandemic, the number of cyberattacks in the UAE and the region has seen a substantial increase, as organisations have been forced to an immediate remote working scenario. As part of efforts targeting the cyber security of the financial sector, the...