Tag: Cybersecurity
BIS and Central Banks Trial Post-Quantum Cryptography for Payments
Exploring security solutions for the future of digital transactions.Highlights: BIS collaborates with central banks on cryptographic advancements.Testing focuses on securing future payment systems.Project aims...
OBL Reports Surge in App Fraud Targeting Open Banking Payments
Understanding the impact of app fraud on the fintech landscape.Highlights: OBL identifies a concerning increase in app fraud cases.The report highlights vulnerabilities in open...
Ransomware Payments Surge by 77% in 2023 Before Declining in 2024
FinCEN reports a dramatic rise in ransomware payments, impacting industry stakeholders.Highlights: Ransomware payments increased by 77% in 2023, according to FinCEN.The total amount paid...
Marquis Alerts Banks on Ransomware Attack Risks
Understanding the implications of increased ransomware threats in banking.Highlights: Marquis highlights a surge in ransomware attacks targeting banks.The firm urges banks to bolster their...
US Banks Face Cybersecurity Challenges After Mortgage Tech Breach
A significant security incident highlights vulnerabilities in financial technology partnerships.Highlights: Major US banks affected by a recent cyber breach.The breach originated from a third-party...
JP Morgan Chase Unveils Major Initiative for Fraud and Scam Prevention
Discover JP Morgan's new strategies to safeguard customers against fraud.Highlights: JP Morgan Chase introduces a comprehensive fraud prevention program.New initiative aims to enhance customer...