Category: Operational

September 16, 2020

According to UK Finance, its members reported 15,000 cases between January and June 2020. Criminals raked in more than £58 million using the technique. Impersonation scams occur when a victim pays a criminal claiming to be from a trusted organisation. […]

September 3, 2020

Some reports have speculated that Apple and Tesla’s stock splits, which came into effect on 31 August, had something to do with the trading apps’ problems. The digital brokers have since resolved the issues they were having on Monday. What […]

August 13, 2020

Banks have had to adapt quickly to function during COVID-19. For many, digitisation was the preserve of a few operational processes, and the industry is still way to reliant on paper to operate effectively in a virtual environment. The pandemic […]

August 10, 2020

The fine relates to a July 2019 data breach which exposed the records of more than 100 million customers. A hacker accessed American and Canadian Capital One customers’ data hosted on Amazon Web Services (AWS). The breach exposed names, addresses, […]

July 27, 2020

The FT reports that the news comes “as foreign companies become increasingly concerned about Beijing’s tough cybersecurity rules”, despite China’s cybersecurity laws covering similar regulations to the EU’s General Data Protection Act (GDPR) or the EU Cybersecurity Act. The Wall […]

July 24, 2020

An analysis of self-assessment reports provided by banks to supervisory authorites found that for some IT risk areas banks remain “too optimistic”, particularly in the filed of data quality management and IT risk management. The probe found that data integrity […]

July 23, 2020

A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy in place, with larger firms more likely than smaller to have one. That’s according to insurance technology company Applied Systems […]

June 22, 2020

The Advanced Identity Score combines AI and predictive machine learning capabilities with application and identity-related data to generate a risk score for new account applications. This, says the payments giant, helps reduce fraud, prevent hits to brand loyalty and trust, […]

June 5, 2020

More than ever before, banks need to stay relevant, as traditional financial services companies are competing with far nimbler challenger brands that are changing traditional service models and product mixes. We’ve seen this accelerate, as the world continues to be […]

April 27, 2020

The toolkit of effective practices aims to assist financial institutions in their cyber incident response and recovery activities. Cyber incidents pose a threat to the stability of the global financial system. In recent years, there have been a number of […]