Cyber Security

BSP, banks deepen collaboration on cybersecurity

MANILA, Philippines — Philippine banks vowed to further deepen their collaboration and partnership with the Bangko Sentral ng Pilipinas (BSP) on cybersecurity, as well as financial literacy and inclusion. In…

Poor cyber security puts banks in Bangladesh at peril

The banking sector in Bangladesh is at risk amid increasing incidents of cyber threats and hacking attempts, as most banks operating in the country do not have the resources and…

Securing the future: Unveiling the transformative role of blockchain in cybersecurity

By: Pradeep Aswal FINANCIAL EXPRESS — In the ever-expanding digital landscape, where cyber threats loom large and data breaches pose significant risks, the need for robust cybersecurity measures has never…

How banks can build cyber resilience and improve compliance with Zero Trust Segmentation

“The frequency and scale of attacks on banking institutions and financial service providers means that simply meeting minimum compliance standards is no longer acceptable to customers, shareholders, or the Board….

Singapore consumers are willing share email address and phone number with chatbots but least likely to give card security number

Latest data from YouGov shows that across APAC, consumers in Singapore are least likely (after Australians) to choose a chatbot over human assistance for personal banking needs, with two in…

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New Research by Kroll Finds Over Two-Thirds of Singapore-based Executives and Risk Professionals Will Turn to Technology to Counter the Expected Increase in Financial Crime Risks

Increasing pressure on compliance teams reinforce the need for adoption of technologies that can drive greater efficiencies in risk management, anti-money laundering (AML), sanctions and anti-bribery and corruption programs SINGAPORE…

Australia regulator tells Medibank to set aside $167 million after data breach

SYDNEY (Reuters) – Australia’s banking regulator told insurer Medibank (MPL.AX) on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information…

NAB issues warning on tax scams in fight against cybercriminals

23 June 2023 – NAB is urging hard-working Australians to remain alert for scams impersonating the Australian Taxation Office (ATO) as the end of the financial year approaches. The warning comes as…

Increase in digital transactions spells higher data security risk in Philippines

Zawya – As consumers continue to embrace the convenience of digital transactions, cybersecurity provider Utimaco warned banks and financial service institutions of a riskier environment that may affect a larger…

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RBNZ proposes collecting more financial entity data on cyber incidents

WELLINGTON, May 8 (Reuters) – The Reserve Bank of New Zealand is proposing collecting financial entity data on cyber incidents to better understand cyber risks and resilience in the financial…

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