Cyber Security

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…

‘Consider what damage could be caused’: Government launches cyber ‘war games’ for major banks

The Sydney Morning Herald – The nation’s biggest banks and financial services companies will be summoned to a series of unprecedented war-gaming exercises to test how they would respond to…

NAB introduces payment prompts to help keep customers safe

31.03.2023 – NAB has today started introducing more proactive prompts to digital banking to help customers identify potential scams and to make sure money is going to the right recipient…

McAfee Named Exclusive Cybersecurity Partner for Mastercard Easy Savings™

SAN JOSE, Calif.–(BUSINESS WIRE)–Today, McAfee Corp., a global leader in online protection, announced its expanded partnership with Mastercard (NYSE: MA), a global technology company in the payments industry, to offer…

Commonwealth Bank of Australia’s Indonesian arm hit by cyber attack

March 8 (Reuters) – Commonwealth Bank of Australia (CBA.AX) said on Wednesday its Indonesian unit, PT Bank Commonwealth (PTBC), had been hit by a cyber incident. The incident involves unauthorised access of…

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New Report Finds Increase in DDoS Attacks Targeting the Financial Services Industry

Singapore – February 16, 2023 – FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, and Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company…

Virgin Money, TSB and Nationwide bank account holders warned over online security risk

The study conducted by Which? and the independent security experts at Red Maple Technologies looked at 13 of the biggest account providers to assess their security when it comes to…

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Cybersecurity is number one risk for global banks, but geopolitical risk tops European banks’ concerns

Source – EY: Amid unprecedented levels of global volatility and uncertainty, cybersecurity has risen to the top of the list of near-term risks for banks around the world, according to the…

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