Remove Banking 2020 Remove Cyber Security Remove Information Remove Security
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Two Cyber Security Investments With a Silver Lining

Banking 2020

It’s clear that cyber threats and identity theft tactics are getting smarter, and that banks need to amp up their security practices to combat this evolution. Financial institutions have the opportunity to make security investments that also increase their ROI. But, with these threats comes a silver lining.

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M-Pesa open API part of wider payments progress

Banking 2020

This change is aimed at promoting innovation and low cost electronic payment solutions while ensuring that security and data protection are not compromised,” said the European Payments Council. Effectively this will open up access across the industry to payment processing services and bank accounts held by customers.

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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.

Company 97
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Is your bank stopping fraud?

Banking 2020

Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3 The organisation said: “Banks’ and card companies’ security systems detected and prevented a total of £910.9

Fraud 40
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Power Up Your IT Budget by Zero-ing in on Waste

Banking 2020

According to the 2015 Society for Information Management (SIM) IT Trends Study, which surveyed more than 1,000 senior IT leaders and CIOs, 63 percent of IT leaders say their IT budget is increasing. The risks that come with not having an application strategy could also spell trouble as cyber security concerns rise.

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Wells Fargo employees targeted with phishing attack using calendar invites

American Banker

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

Company 37