ECB to Test Banks’ Ability to Recover From Cyberattack
The European Central Bank (ECB) will conduct a stress test of 109 financial institutions under its direct supervision on the ability to restore the functioning process after cyber attacks.
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Enhanced Blockchain Security Brought Crypto Hack Losses Down 51% in 2023
The state of Web3 and blockchain security improved over the past year, causing a twofold decrease in losses to crypto hacks and other cybersecurity incidents.
OpenAI Adopts Preparedness Framework to Mitigate AI Risks
The Preparedness Framework by OpenAI aims to track, evaluate, and forecast risks posed by increasingly powerful AI models to enhance a systemic approach to protection.
Salv Raises $4.3 Million
Salv, an Estonian-based provider of solutions to combat financial crimes, reported that it was able to raise financing for 3.9 million euros ($4.29 million).
ENBANTEC Cyber Security Conference and Exhibition
ENBANTEC Cyber Security Conference and Exhibition will be held on 04 June 2024 in Istanbul, Turkey. ENBANTEC is a global conference which is one of the most important and prestigious conferences in EMEA region with its focus on Cyber Security, IT Security, Network Security, Data Security, Cloud Security, Mobile Security, Endpoint Security and Identity and […]
How Deepfake Scams Affect the Payment Industry and What Can Be Done
Deepfake imposters are increasingly targeting unsuspecting victims, raising alarm among all payment industry players. How do you protect your organisation and clients from highly realistic online masks and voices generated by computer technology?
Lloyd’s Reports Potential Global Consequences of Payments System Cyber Attack
Insurance marketplace Lloyd’s of London reported that in the event of a large-scale cyberattack on the systemic payment system, the global economy may face a consequence in the form of damage for $3.5 trillion.
Amazon, Microsoft and India Authorities to Fight Fraud
The e-commerce giant Amazon and Microsoft, one of the leaders of the global technology sector, reported on cooperation to ensure a high level of consumer protection from fraudulent methods involving the actions of an attacker on behalf of another person or any organization on an illegal basis.
OpenAI Develops Tool to Detect AI-Generated Images
OpenAI is currently working on creating a tool to detect images that have been created using artificial intelligence.
Reality Defender Raises $15 Million to Detect Deepfakes
Reality Defender, a startup developing tools for detecting deepfakes and other content created by artificial intelligence, announced that it managed to raise investments for $15 million.
E-KYC Surges in Africa
Innovative e-KYC verification solutions are growing in Africa, just as businesses across the continent are increasingly moving online.
UK Promotes Cyber Skills With Free School Training
UK government encourages schools to take advantage of free resources to help secondary school children boost cyber skills and pursue careers in the field later in life
Scientist Aim to Verify ID With Walking Pattern
The new gait-based biometric security ID technology takes into account various factors of one’s walking pattern, including the length of your stride, how heavy you are, how you move, and how you roll over your feet as you walk
China’s Internet Regulator Discusses New Data-Security Rules With Foreign Firms
The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.
Resilience to Expand Cyber-Risk Platform
Resilience has announced the completion of a $100 million Series D equity financing round.
California Plans to Review Data Privacy in Cars
In California, local regulators with the authority to initiate investigations and proceedings in the field of confidentiality have announced their intention to review the data protection policy followed by car manufacturers.
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