Tagged: cybersecurity

December 8, 2020 @ 4:41 pm By Omar Faridi  |  

The National Crowdfunding & Fintech Association (NCFA Canada), which supports a financial innovation ecosystem offering education, market intelligence, stewardship, networking and funding opportunities, has reminded industry participants that there’s only about a week remaining to provide comments on a consultation on technology risks in the… Read More

December 7, 2020 @ 11:23 am By Samantha Hurst  |  

  Investcorp, a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, and infrastructure, announced on Monday it has entered into a definitive agreement to sell Avira (or the “Company”) to NortonLifeLock (NASDAQ: NLOK), a global… Read More

November 9, 2020 @ 2:12 pm By Samantha Hurst  |  

Axio, a cyber risk management Software-as-a-Service company, announced on Monday it has formed a strategic partnership with NFP, an insurance broker and consultant. Axio reported through the partnership NFP will delay Axio’s new platform, Axio360 QuickQuant, to expand its cybersecurity capabilities within its P&C division with… Read More

November 5, 2020 @ 8:54 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it secured Adaptive (Tier 4) rating from the National Institute of Standards and Technology (NIST) Cybersecurity Framework and the latest NIST Privacy Framework, developed by the US Department of Commerce. The crypto portal claims that it is the… Read More

October 31, 2020 @ 11:45 am By Omar Faridi  |  

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard (NYSE:MC), confirms that the payments giant is using artificial intelligence (AI) as “the first line of defense” to help the service provider detect cyberattacks, hacks and other types of security breaches. Last year, Mastercard reportedly saved its stakeholders… Read More

October 22, 2020 @ 11:32 pm By Omar Faridi  |  

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard, notes that artificial intelligence (AI) algorithms are part of the payment company’s “first line of defense” in protecting over 75 billion transactions that Mastercard processes on its network every year. Bhalia recently revealed the different ways that… Read More

October 4, 2020 @ 1:55 pm By Omar Faridi  |  

Bank of America or BoA (NYSE: BAC), one of the largest US banks in terms of total assets and scope of operations, has noted that the month of October is Cybersecurity Awareness Month. The BoA, which recently reported that around 97% of its transactions are… Read More

September 30, 2020 @ 8:26 pm By Omar Faridi  |  

Payments giant Mastercard is planning to encourage businesses to load up their logos to a website that’s being managed by Ethoca, an online fraud prevention platform. Mastercard is hoping to improve the dispute resolution process by having merchants upload their official logos to the site…. Read More

September 29, 2020 @ 2:58 pm By Omar Faridi  |  

1inch.exchange, a decentralized or non-custodial crypto exchange (DEX) aggregator, notes that they’re always working on making improvements to the overall security of their service. The 1inch team confirmed that they’ve teamed up with Hacken, an established provider of cybersecurity solutions. The 1inch team stated: “We… Read More

September 25, 2020 @ 3:59 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) has released a new report, titled “Technology Vision for Cybersecurity for Urban Co-operative Banks – 2020-2023.” The RBI notes that the document makes recommendations or suggestions on how to improve the nation’s cybersecurity infrastructure of its urban co-operative banking… Read More

September 25, 2020 @ 7:56 am By Omar Faridi  |  

Hristo Borisov, the co-founder and CEO at Payhawk, a firm that issues “next-generation” company cards with automated expense management, says that he’s happy to see “another strong story and exit from the diaspora.” Borisov notes that “serving developers is one of the most rewarding experiences,… Read More

September 21, 2020 @ 11:49 pm By Omar Faridi  |  

Ajit Doval, the National Security Adviser (NSA) to the Prime Minister of India, recently warned that financial crime and fraudulent activities have increased significantly and could continue to rise, because more consumers are conducting transactions online following the COVID-19 outbreak. Doval said that the country… Read More

September 17, 2020 @ 9:52 pm By Omar Faridi  |  

Hacken will be integrating with Chainlink so that the platform’s security audit data for smart contracts, decentralized finance (DeFi) projects, and cryptocurrency exchanges can be accessed by decentralized applications (dApps). Hacken is a cybersecurity, auditing, and consulting firm with a special focus on blockchain security…. Read More

September 9, 2020 @ 8:42 pm By Omar Faridi  |  

Consumers in India are conducting more transactions online. Digital payments are on the rise which means that merchants must ensure that their websites are secure so that their customers can make secure payments. Financial service providers should work with Fintech solution developers to create resilient… Read More

September 9, 2020 @ 7:48 pm By Omar Faridi  |  

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, reveals that hackers regularly use automated scripts (malicious computer code) that allow them to attack computer systems every 39 seconds (on average 2,244 times per day). The… Read More

September 4, 2020 @ 2:19 pm By Omar Faridi  |  

A hacking group has reportedly introduced new trojan malware that aims to target Fintech service providers. The malicious scripts have been created to gain access to people’s email accounts, steal their passwords and business-related information. The malware scripts have been added to code that has… Read More

September 1, 2020 @ 1:32 pm By Omar Faridi  |  

The retail banking sector has been hit with numerous scams during the past few years. Cybercriminals are now also beginning to increasingly go after much larger corporate accounts by launching sophisticated malware and phishing attacks, according to Beate Zwijnenberg, chief information security officer at ING… Read More

August 30, 2020 @ 5:00 pm By Omar Faridi  |  

David Dias, research engineer at Protocol Labs and the drand project lead, along with Nicolas Gailly, research scientist at Protocol Labs and the original author of drand, recently explained how they’re developing randomness solutions that are able to generate random numbers. This is important because… Read More

August 20, 2020 @ 7:45 am By Omar Faridi  |  

Guardicore, a company that aims to protect any digital environment by offering simplified cloud and data center security solutions, reveals that it has found a peer to peer (P2P) botnet, called FritzFrog, that has been regularly breaching SSH services since January of this year. SSH… Read More

August 17, 2020 @ 7:50 am By Omar Faridi  |  

Cyberattacks against US-based financial industry firms increased by around 240% between February and April 2020, according to a new report. These attacks have become more prevalent after the global COVID-19 outbreak, as more individuals and businesses are using online services. Tom Kellerman, head of cybersecurity… Read More