article thumbnail

Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

US 227
article thumbnail

GuardKnox Secures $21M To Boost Cybersecurity For Connected Cars

PYMNTS

Automotive cybersecurity company GuardKnox announced it has secured $21 million in a Series A round of funding, bringing its total raised to $24 million. The automotive industry is experiencing massive disruption from emerging technologies,” GuardKnox CEO and Co-Founder Moshe Shlisel said in a press release.

Security 148
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Jack Henry Annual Conference 2017 – Fintech, AI and Cyber Security

William Mills

The conference also featured a TechConnect showcase where more than 130 vendors demonstrated their technology. The post Jack Henry Annual Conference 2017 – Fintech, AI and Cyber Security appeared first on Financial PR and Marketing Agency & Financial Public Relations. Attendees really seemed to enjoy the new format!

article thumbnail

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. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Was Vanguard a disruptor? Was ING Direct a disruptor?

article thumbnail

Reduce your accounting firm’s cyber risks with these 8 actions

Abrigo

Meanwhile, accountants themselves understand the importance of good cyber security practices in their own offices, given recent reports of attacks by identity thieves targeting client names and IDs. A central method for creating a strong cyber security culture is generating awareness. Ensure leadership buy-in.

article thumbnail

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.

article thumbnail

Two Cyber Security Investments With a Silver Lining

Banking 2020

The technology protects everything from online transactions and network remote access to social media, personal and business information. Banks can capitalize on this statistic and offer total identity monitoring while also educating customers about the other reasons their identities may be stolen.