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Tag Archives: Cybersecurity

2019 FIRST Cyber Threat Intelligence Symposium

The 2019 FIRST Symposium on Cyber Threat Intelligence will be held March 18-20, 2019 in London. The Symposium, hosted by BT and Digital Shadows, will feature one day of training and two days of plenary sessions. More information can be found here. Register here. The rise of BigTechs in finance …

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Kazakhstan begins laying financial sector cybersecurity foundation

Participants in the Kazakhstani financial system are faced with new technological challenges that they are unable to adequately face alone. However, the industry is struggling to confront them as a whole, putting individual interests ahead of the interests of the whole system. This has led to a situation where digital …

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FinTech’s impact on cyber response and recovery

Large-scale cyberattacks on critical financial infrastructure are a major threat to the safety and stability of the global economy. Recently, a panel discussion at DTCC’s 2018 FinTech Symposium brought together a group of cybersecurity experts to offer insights into the strategic shifts and leading practices in cyber response and recovery …

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London opens cybersecurity advancement center

The London Office for Rapid Cybersecurity Advancement (LORCA) has opened in East London. The center, which will be run by the technology innovation center Plexal, was opened with the intentions of helping cybersecurity startups in the United Kingdom grow and establishing the country as a global leader in combatting online …

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How one cybersecurity firm hit a value of USD 1.25 billion

Darktrace, a cybersecurity company that provides a network “immune system” powered by artificial intelligence, has hit a value of USD 1.25 billion following a recent round of financing. The company was founded following the 2012 London Olympics by those in charge of cybersecurity for the event. It all started with …

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FinTech drives GCC cybersecurity market to USD 8 billion

From facial recognition and iris scans to cryptocurrencies, the Gulf Cooperation Council (GCC)’s cybersecurity market has already reached USD 8 billion this year, and is expected to increase even more before the year is over. This increase is being especially driven by banks in the United Arab Emirates (UAE), which …

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Israel: the global cybersecurity solutions leader

Various regulations worldwide (e.g. the General Data Protection Regulation (GDPR), the U.S. Foreign Account Tax Compliance Act (FATCA), the Payment Service Directive (PSD2) and anti-money laundering (AML) measures) have supported the rapid growth of the global cybersecurity market. In fact, the global cybersecurity market is expected to reach USD 170 …

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30+ companies ready to sign “digital Geneva convention”

More than 30 technology companies, including Facebook and Microsoft, are planning to announce their refusal to take part in possible cyberattacks organized by any government. This includes attacks against citizens, enterprises or other governments. The companies are also committed to helping any country facing a cyberattack, regardless of cause or …

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How the internet of things is changing cybersecurity needs

The interaction of technologies (i.e. the “internet of things”) is already actively happening, and the results look very interesting. Even in the case of people’s everyday lives, the prospects are enormous. For example, imagine how a “trained” network can not only automatically control devices in your home but can also …

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Walmart invests in cybersecurity startup

With the global cybersecurity battle growing increasingly sophisticated and merchants’ demand for personalized customer data rising, Walmart and other corporate giants have decided to invest in Team8, a cybersecurity think tank founded by former leaders of Israel’s top military intelligence unit. Team8, founded in 2014, is developing tools that would …

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The 2018 Global Fraud and Identity Report

Just how well-equipped are businesses at recognizing their customers’ identities online? What types of investments are they making in customer recognition? And to what degree are they able to accurately identify customers and manage fraud risk? The 2018 Global Fraud and Identity Report, based on input from more than 5,500 …

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Europol targets e-commerce fraud

Europol has announced the arrest of 95 professional fraudsters and members of internet-based criminal networks suspected of online fraud activities as part of its 2018 e-Commerce Action. The suspects arrested during the operation are thought to be responsible for more than 20,000 fraudulent transactions with compromised credit cards, exceeding an …

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10 tips for teaching cybersecurity to your team

Smart leaders know that their entire team needs to be well-educated on the importance and best practices of cybersecurity if they hope to protect their data. Here are 10 tips for effectively teaching cybersecurity to your entire team: Explain the business benefits of secure data – each function, role and …

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Combating cybercriminals with bug bounty platforms

Demand for cybersecurity has grown into a USD 96 billion industry, and cybercrime costs have risen to an estimated USD 600 billion annually. One new innovative solution to combat cybercriminals and protect businesses is bug bounty platforms. Bug bounty platforms are large communities of “white hackers” (those that test software …

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5 principles to keep your security strong

Most security incidents that lead to confidential data being compromised are the result of companies failing to evolve their security programs to match new technologies.  Following these five principles will keep your business ahead of the game: Encourage a partnership between engineering, product and cybersecurity teams – a repeatable roadmap …

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6 cybersecurity tools to know about in 2019

Cybersecurity is becoming more and more vital to how we live. Here are six up-and-coming cybersecurity tools to keep an eye on in 2019: SafeBlocks – SafeBlocks offers real-time protection for smart contract users, adding another layer of protection to applications built on blockchains. SafeBlocks continuously validates transactions based on …

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The inside-out approach to cybersecurity in banking

The outside-in mindset (where cyber threats are treated as external influencers) leaves financial institutions in a reactive mode and needs to change. The inside-out approach (where cybersecurity is aligned to business priorities and is adaptable to an ever-changing threat landscape) will prove much more successful in the long run. Instead …

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Addressing cybersecurity in financial institution-FinTech partnerships

Partnerships between financial institutions and FinTechs must go beyond the customer value proposition and provide embedded cybersecurity at all stages of the customer journey. Open APIs present an incredible opportunity for financial institutions to acquire, engage and transact with customers as well as for FinTechs to introduce new technologies and …

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The surprising slowness of IT departments

Researchers have found that companies take an average of 30 days to close known vulnerabilities and that many others delay the installation of updates for several months. This is alarming given that more than 230,000 malicious programs appear every day. At the same time, researchers have also found that a …

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