Security

Banking malware threats surging as mobile banking increases

The Nokia 2021 Threat Intelligence Report has revealed that banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit...

Eight guiding principles for Zero Trust in banking and financial services today

Security leaders will be familiar with the term ‘Zero Trust’ – an approach crucial as vulnerabilities and attacks are becoming more damaging to organisations. Hila Meller, BT Vice President Security, Americas, EMEA and APAC, discusses some...

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 businesses s...

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...