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vault
Bank of Valletta suspended all operations in wake of cyber attack

Maltese Bank of Valletta (BOV) has been breached by hackers and has temporarily suspended all of its operations to minimize risk and review its systems. The bank shuttered its …

money
Battling attacks from global criminal networks in the financial sector

Every now and then, banks and financial institutions (and their customers) are targeted by opportunistic hackers, but they are much more worried about those that are smarter, …

ATM
ATM attackers strike again: Are you at risk?

The United States National ATM Council recently released information about a series of ATM attacks using rogue network devices. The criminals opened the upper half of the ATM …

analysis
CFO: Disrupting, taking control, and turning data into value

Chief financial officers (CFOs) at banks and insurance companies are playing a growing role in digital transformation by leveraging new data and analytic technologies and by …

eye dark
UK citizens fear identity theft over other security concerns such as national security

The 2018 Unisys Security Index, a security barometer which surveys over 1,000 UK citizens, has revealed identity theft as the top worry for UK citizens, with 56 percent of …

bomb
Why voice fraud rates continue to rise with no signs of slowing down

Pindrop released its annual report detailing developments in fraud, the future of voice and the impact to customer service across various industries. In the report, Pindrop …

robot
Spending on cognitive and AI systems to reach $77.6 billion in 2022

Global spending on cognitive and artificial intelligence (AI) systems is forecast to continue its trajectory of robust growth as businesses invest in projects that utilize …

Google Play malware
Bogus finance apps on Google Play target users worldwide

ESET researchers have discovered malicious apps impersonating various financial services and the Austrian cryptocurrency exchange Bitpanda on Google Play. The fake apps …

idea
Do you have what it takes to become a Chief Scientist in the infosec industry?

Igor Baikalov, Chief Scientist at security analytics firm Securonix, is a trained scientist: he spent over 16 year working on various aspects of Structural Biology, developing …

building
Threats financial organizations will face in 2019

What type of threats will financial services and banking organizations face in 2019? According to IntSights Cyber Intelligence, they should be prepared for breaches effected …

Business ideas
Banks planning further integration of regulatory data

Most global banks are planning to integrate their regulatory workflow data. But keeping up to date with the fast pace of regulatory change, as well as staying compliant with …

Trojan
BackSwap Trojan exploits standard browser features to empty bank accounts

Creating effective and stealthy banking malware is becoming increasingly difficult, forcing malware authors to come up with innovative methods. The latest creative burst in …

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