Security

Revisit the fundamental element of secured banking: Know your breach likelihood

Saket Modi, Co-Founder and CEO at Safe Security, describes how cybersecurity in the banking sector has now come into sharp focus. He says: “However, the fundamentals of how cybersecurity is approached are still unclear, which is why we still see...

UAE banking sector invests heavily in fight against cyberattacks

Since the pandemic, the number of cyberattacks in the UAE and the region has seen a substantial increase, as organisations have been forced to an immediate remote working scenario. As part of efforts targeting the cyber security of the financial sector, the...

Call for stricter regulations to reduce IT outages in banking sector, report finds

A UK government committee has warned that regulators must act to reduce an increased amount of IT failures in the financial services sector. The number of incidents has been deemed ‘unacceptable’ by the Treasury Committee. With online banking so...