The bustling world of finance faced a significant shake-up earlier this year when Ally Financial, a prominent banking institution, was hit by a substantial data breach. This incident has now escalated into a legal nightmare for the company, with customers seeking justice through class action
The integration of artificial intelligence (AI) into the financial industry has brought a significant transformation to banking and financial services. From tackling fraud and improving operational efficiency to supporting financial advisors and enhancing customer service, AI is revolutionizing
PortX recently revealed a significant advancement in financial technology integration through their collaboration with Fiserv’s AppMarket. This partnership introduces the FinTech Hub, an innovative solution aimed at improving the connectivity and operational efficiency of financial institutions. T
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
In the constantly evolving landscape of cyber threats, the financial sector finds itself at the epicenter of increasingly sophisticated and costly data breaches. According to the IBM Cost of a Data Breach 2024 report, the financial repercussions of these breaches are escalating, demanding more
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
