India's urban cooperative banks need to take a holistic approach to build a security governance structure, opt for an ASP services model and map their business-critical risks to comply with the RBI's security posture guidelines, according to a panel of experts.
Traditional anti-money laundering (AML) and combating the financing of terrorism (CFT) tools and tactics take longer and cost more than they should. To fortify the defense, financial institutions need ways to:
Automate tasks that formerly required human intervention, such as disposition of alerts
Detect more risk...
Traditional anti-money laundering (AML) and combating the financing of terrorism (CFT) tools and tactics take longer and cost more than they should. To fortify the defense, financial institutions need ways to:
Automate tasks that formerly required human intervention, such as disposition of alerts
Detect more risk...
Adopting a "security by design" approach and weaving it into the digital transformation road map helps organizations defend against cyberthreats, says Reem AlShammari, CISO at Kuwait Oil Co., who also advocates threat information sharing.
"Has anyone witnessed any examples of criminals abusing artificial intelligence?" That's a question security firms have been raising. A new report has identified likely ways in which such attacks might occur and offers examples of threats already emerging
As synthetic ID fraud in the financial services sector continues to rise next year, organizations must use new technologies to mitigate the risks, says Saif Nawaz of Meridian Credit Union in Canada.
As online activity increases and digital footprints expand, so too does the overall application attack surface. The recent shifts in consumer behaviours have greatly accelerated business digital transformation and compounded the associated application fraud and abuse.
In response, security, fraud and marketing...
As online activity increases and digital footprints expand, so too does the overall application attack surface. The recent shifts in consumer behaviours have greatly accelerated business digital transformation and compounded the associated application fraud and abuse.
In response, security, fraud and marketing...
The year 2021 will see an increase in third-party risks, the evolution of MSSPs, and maturity in identity governance as enterprises in the Middle East region take a fast track approach to the 'cloud-first' strategy, according to a panel of experts.
Traditional anti-money laundering (AML) and combating the financing of terrorism (CFT) tools and tactics take longer and cost more than they should. To fortify the defense, financial institutions need ways to:
Automate tasks that formerly required human intervention, such as disposition of alerts
Detect more risk...
There's a lot of talk about advancing the anti-money laundering arsenal to the next level, sometimes referred to as next-generation AML, AML 2.0 or AML 3.0. Whatever you call the next wave of AML technology, it's about solutions that draw on such advances as robotics, semantic analysis and artificial intelligence...
Critical steps when implementing a privileged access management program include auditing of activities performed by administrators and continuous monitoring of user activity, says Sujit Christy, group CISO at John Keells Holdings, a conglomerate based in Sri Lanka.
The Reserve Bank of India's "New Umbrella Entity" initiative, designed to support a digital retail payments system similar to National Payments Corp. of India, would be a game-changer to boost digital innovation in the payments industry, according to a panel of experts.
Cyberattacks have rapidly evolved since the advent of online transacting almost 25 years ago, with attackers continually escalating and refining their techniques to protect their illicit revenue streams. More recently, cybercriminals have been weaponizing AI tools to easily bypass traditional security controls and...
To help ensure security as India moves to digital payments, enterprises need to educate their customers to help them understand potential risks and take the right precautions, says payments expert Navin Surya.
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