The year 2023 has seen a dramatic surge in cyberattacks specifically targeting the financial sector, marking a 53% increase compared to previous years. This alarming statistic is highlighted in the Threat Landscape Report by S21Sec, a comprehensive analysis focusing on global cybercrime trends
As enforcement of the European Union’s Digital Operational Resilience Act (DORA) looms on the horizon in January 2025, banks and their IT suppliers brace for an era of tougher cybersecurity and IT management standards. Passed last year, DORA mandates rigorous IT risk management protocols, digital
The realm of cybersecurity is ever-evolving, with new threats emerging continuously. One of the most recent threats targeting Android devices is the Chameleon banking trojan. This malicious software poses as a harmless application, fooling users into installing it and subsequently compromising
The discovery of a powerful new Android Remote Access Trojan (RAT) named BingoMod has sounded alarms in the cybersecurity community. First identified by Italian cybersecurity firm Cleafy in May 2024, BingoMod represents a sophisticated threat, primarily designed for financial fraud and data
Mobile banking has surged in popularity, driven by the convenience and advanced security features it offers. With increasing user adoption, financial institutions are focusing on innovative cybersecurity measures to protect customer data. This article explores the latest advancements in mobile
Artificial intelligence (AI) is fundamentally transforming the finance industry, wielding the potential to drive enhanced productivity, precision, and customer satisfaction. Financial institutions worldwide are increasingly adopting AI-driven technologies to revolutionize various facets of their
