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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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Two Cyber Security Investments With a Silver Lining

Banking 2020

With more than 12,000 keyloggers in distribution, antivirus and anti-spyware aren’t enough to protect online activity from identity thieves. The technology protects everything from online transactions and network remote access to social media, personal and business information.

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Hacker Tracker: Breach Hits Canadian Agency, Cyber Ransoms Surge

PYMNTS

Bad actors are constantly looking to capitalize on any bugs that are revealed and act quickly to cause as much damage as possible. These organizations have expertise and resources to oversee networks and ensure that specialists are constantly watching for the bad actors [who] will capitalize on these types of vulnerabilities.”.

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LendingClub reinforces its cyber defenses

American Banker

The online lender has deployed new software designed to spot security risks early, especially the kind of cloud-data issues that led to the Capital One-Amazon breach.

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Disruptive technology will not kill banks

Jeff For Banks

But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. The cash management specialist wanted to advance the product set so corporate customers could use their own interface with the banking core system instead of using the bank''s online banking tool. Was Vanguard a disruptor?

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Trulioo Expands Into 60 Countries Via Its GlobalGateway Platform

PYMNTS

Today’s increasingly digital world is reshaping the preferences and expectations of how consumers move money online, said Trulioo. a recent survey by Blumberg Capital revealed seven in ten Americans (70 percent) feel technological advances are making their financial dealings easier.

Online 100
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ESET Finds Malware That Could Target Power Supplies

PYMNTS

In a press release , the company said the malware was probably involved in the December 2016 cyberattack on Ukraine ’s power grid that prevented part of its capital, Kiev, from getting power for more than an hour. This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals. In February, U.S.