JPMorgan Expects Cybersecurity Industry to Benefit from Generative AI
JPMorgan experts believe that in the IT industry, security in the virtual space will remain the most financially costly sector in the foreseeable future.
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Jack Henry Adds AI-Based Fraud Detection to Digital Payments Platform
Fintech company Jack Henry has launched a fraud prevention feature based on artificial intelligence in real-time.
Australian Bank Limits Transfers to Crypto Exchanges
Commonwealth Bank (CBA), the largest bank in Australia, would decline or put “certain payments to cryptocurrency exchanges” on a 24-hour hold, and limit crypto transfers
OpenAI Launches Cybersecurity Grant Program
The goal of the new OpenAI program is to facilitate the development of AI-powered cybersecurity capabilities for defenders through grants and other support
BIS Successfully Tests Quantum-Safe Financial Communications
The BIS Innovation Hub Eurosystem Centre in partnership with European banks has successfully set up a quantum-safe communication channel that shields financial data
FinTech Australia and FDATA Call For CDR Roadmap
The leading Australian peak body of the fintech industry, FinTech Australia, and the global non-profit organization supporting open banking companies, FDATA, have published a joint appeal addressed to politicians calling for the creation of a roadmap for the implementation of consumer data rights (CDR).
NYDFS Fines OneMain for Cybersecurity Violations
Financial Services Superintendent Adrienne A. Harris announced that OneMain Financial Group LLC was fined $4.25 million for cybersecurity violations.
Biometric Payment Cards Launch in Kuwait
The customers of Kuwait International Bank (KIB) can now benefit from the convenience and ease of use of a contactless payment card supplemented with the security of biometric authentication
FTC Says Biometric Surveillance Threatens Civil Rights
The Federal Trade Commission (FTC) has stated that the increased use of biometric data entails risks related to privacy, security, and discrimination.
Facctum Launches Anti-Fincrime Tech for Nigerian Banks
The new anti-financial crime solutions harness the power of parallel processing technology to help Nigerian financial institutions modernise financial crime detection
OpenAI CEO Raises $100M for Iris-Scanning Crypto
Worldcoin will use iris-scanning technology for a worldwide identification system that would let people securely and simply access crypto services
Cable Wants to Help Banks Cut Financial Crime Through Automated Assurance
Cable Company, which provides services for the verification and assessment of potential financial risks, announced the holding of a round of attracting Series A investment funds.
In UK Ransomware Payments Nearly Double in One Year
In the UK, payments by companies to ransomware programs have almost doubled over the past year.
Mastercard Opens D&S Hub in Kuala Lumpur
Mastercard launched its new data and services (D&S) hub in Kuala Lumpur, which will nurture a talent pipeline and serve clients in the areas of cybersecurity, credit risk, and data analytics across the Asia Pacific region
Briton Pleads Guilty in US to 2020 Twitter Hack
A British citizen extradited to the United States in April pleaded guilty in New York to involvement in one of the largest hacks in the history of social networks.
Using Firewalls And Intrusion Detection Systems With Your Financial Institution’s Website Security Protocols
As more and more financial transactions occur online, financial institutions must take the necessary steps to protect their website. In this blog post, we will explore the importance of firewalls and IDS with your financial institution’s website security protocols. We will discuss the benefits of these security measures, different types of firewalls and IDS, and […]
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