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Two Cyber Security Investments With a Silver Lining

Banking 2020

Here’s a scenario. You walk into the office one morning and before you can even get a cup of coffee, you’re alerted that the firm’s website is down. It’s a distributed denial-of-service (DDoS) attack and hackers are preventing your customers from accessing the firm’s website until your financial institution pays up.

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M-Pesa open API part of wider payments progress

Banking 2020

Banks are worried about access to their systems, but perhaps need to do more. Benjamin Lawsky, head of the New York Department of Financial Services, said: “A bank’s cyber security is often only as good as the cyber security of its vendors.

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Power Up Your IT Budget by Zero-ing in on Waste

Banking 2020

The risks that come with not having an application strategy could also spell trouble as cyber security concerns rise. In an age where their most valuable assets are under attack, banks must adopt a vigilant stance in protecting them. The C-suite should regard IT as a strategic business partner, but it simply is not there yet.

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Is your bank stopping fraud?

Banking 2020

Failing to tackle fraud has important implications for customer satisfaction and loyalty – with cyber security breaches happening frequently, consumers are very aware of the threats posed by criminals. Customers expect their banks to fight fraud and will leave if they don’t feel safe. Customer loyalty.

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Wells Fargo customers targeted with phishing attacks using calendar invites

American Banker

In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

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What ransomware attacks on vendors mean for banks

American Banker

Here’s how banks can guard against that. Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients.

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BNP Paribas is latest bank to join IBM cloud project

American Banker

The IBM-BNP collaboration and other new developments show that high-profile breaches haven't deterred banks from using the cloud to store data.

Data 75