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Tag Archives: Cybersecurity

Azerbaijan developing national cybersecurity strategy

The government of Azerbaijan has announced the development of a national cybersecurity strategy. The strategy, an initiative of the Ministry of Transport, Communications and High Technologies, envisages setting up a coordinating commission in the field of information security and bringing in the most advanced experience. Once fully-developed, the strategy will …

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Germany forms cybersecurity agency

The government of Germany has formed a cybersecurity innovation agency. The agency, set to begin work in early 2019, will be tasked with researching highly-innovative security projects as well as providing financial support for their development. The agency will also work on developing its own encryption technology. The agency is …

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Russia creates state agency to combat cyber threats

Russia’s Federal Security Service has created the National Computer Incident Coordination Center to combat cyber threats against the country, especially its “critical infrastructure”. The Center will charge with: detecting, preventing and mitigating computer-based attacks; securing the exchange of information between relevant departments and foreign colleagues; analyzing past cyber-attacks; and developing of …

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New data privacy regulations changing “business as usual”

The digital economy is lucrative yet highly-vulnerable, with cybercriminals relentlessly hunting for vulnerabilities and security gaps. This has led to a flurry of recent data breach incidents giving rise to serious concerns about the way consumer data is managed, leading to a paradigm shift in governments’ priorities and willingness to …

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China’s microchip infiltration of U.S. computers

As part of a technological due diligence by Amazon when evaluating a potential acquisition, it was found that many motherboards assembled by Super Micro Computer Inc. (SuperMicro) for Elemental Technologies contained an additional microchip that was not part of the original scheme. A subsequent investigation found that the microchips, which …

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Infographic: 2017 Consumer Cybersecurity Confidence Index

In an increasingly digital world, consumers want to ensure that their personal information is not at risk of falling into the wrong hands. Here’s a quick overview of consumer opinions about cybersecurity. The role of CEO in digital transition Infographic: the true cost of a data breach Automatic 100% digital …

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Video: the dark web

Beneath the surface of the internet exists a largely hidden world – the dark web. Find out what the dark web is and what goes on there in this short video. The role of CEO in digital transition FinTech cybersecurity consortium created Smart Contracts Explained

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Video: cybersecurity and financial services

Join Emmanuel Le Marois, a manager at the Association for Financial Markets in Europe (AFME), as he discusses why cybersecurity is an important issue for financial services, what cybersecurity actions are currently being undertaken in Europe and what the key cybersecurity issues in the future are likely to be. President …

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Infographic: cybersecurity drivers

In today’s digital world, cybersecurity is not just a luxury; it’s a necessity. This is especially true in the financial services industry, a popular target for major cyber-attacks in recent years. Here’s an overarching view of the cyber landscape, its main threats and security controls and considerations.   10 tips …

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Video: the evolving cyber threat to banking

Cyber threats to the financial industry are constantly evolving, with malicious actors become more and more sophisticated in planning and executing their attacks. Find out why we must all be more vigilant about maintaining cybersecurity tools and measures. Modernizing ATMs for new banknotes requires little cost Mutual service of Russian …

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Top 10 trends impacting the future of payments

The way people make payments is changing faster than any area of financial services, and understanding trends in payments is important for any financial institution wanting to serve the complete financial needs of consumers. Here are the top 10 trends impacting the future of payments: Growing impact of GenZ — …

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Payments: from cashless to cardless

The days of plastic payment cards are numbered, and mobile wallets are starting their taking over. The recent global rise in contactless payments, as well as biometrics, demonstrates that consumers prefer simplified methods of payment that do not require much intervention on their part. Although there are still concerns from …

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MasterCard and IBM create Truata, an independent data trust

MasterCard and IBM have founded Truata, an independent trust that will allow companies to conduct analytics while complying with the upcoming General Data Protection Regulation (GDPR) of the European Union (EU). Truata is built on the long-standing demand for data, security and privacy and will offer fully-anonymized data and analytic …

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RegTech improves compliance but also increases costs

RegTech is widely used in the financial industry to comply with regulations. However, according to Bank Director’s 2018 Risk Survey, the cost of implementing RegTech has increased. 55% of the directors, chief executive officers, chief risk officers and senior executives that participated in the survey believe that the technology to …

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How artificial intelligence is changing fintech

Artificial intelligence has taken the tech world by storm, allowing companies to cut costs, automate a variety of their processes and boost their bottom line. Most commonly, chatbots are being used as virtual assistants, customer care representatives, marketing executives and salespeople. But here are a few other ways artificial intelligence …

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Artificial intelligence “arms race” likely to heat up in 2018

Security software vendor McAfee has warned that 2018 is likely to see hackers employ machine learning, deep learning and artificial intelligence to support their cyber-attacks and find vulnerabilities faster than defenders can patch them. To win this “arms race”, McAfee says that organizations must effectively augment machine judgment and the …

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Five key areas for the use of artificial intelligence

Herman Gref, head of Sberbank, outlined five key areas for the use of artificial intelligence while speaking at the ‘Open Innovations’ forum: Customer-interaction bots — as artificial intelligence learns, it will become more accurate with its answers to customer questions as well as with its ability to forecast and give …

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Customer-driven card-control systems gaining in popularity

Customer-driven card-control systems are starting to become more popular. They also provide greater security and a way for customers to control their payment instruments via one smartphone-ported application. Specifically, card-control systems allow for spend tracking (and limits), parental controls, safe mode (for single transactions) and corporate controls (for increased transparency, …

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IT policies for more secured cloud usage

The following internal policies provide for maximum cloud data security and prevent unnecessary information leaks. Basic policies: employee trainings on how to handle sensitive data in various situations advanced access management which compartmentalizes departments and gives them access only to the parts of the cloud infrastructure they need activity logs …

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8 tips on how to protect bank and client data

Determine the parameters of a normal course of business The standard parameters of business operations can be detected with the help of analysis tools. Once these parameters are determined, they are inserted into a database which quickly calculates any deviation and sends a warning to the relevant parties of on-standard …

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