CYBERSECURITY

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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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…

Visa updates PH’s cybersecurity strategy

Visa announced on Tuesday, Feb. 21, that it is adopting new payment security requirements to upgrade and update its existing cybersecurity blueprint for the Philippines. Touted as one of the…

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Financial Institutions are Suffering from Increasingly Sophisticated Cyber Attacks, Which Require a Defensive Paradigm Shift, According to the Cyber Bank Heists Report Released by Contrast Security

PRNewswire/ — Contrast Security (Contrast), the code security platform built for developers and trusted by security, today released its Cyber Bank Heists report, an annual report that exposes the cybersecurity threats facing the…

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Financial fraud through ‘e-mail’ spreads in Kuwait – Customers’ banking info, huge sums stolen

All financial fraud operations registered with banks during this period happened through emails with email addresses that mislead customers into thinking the emails come from the postal sector of the…

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