Information Security
How to Think Like a Hacker and Identify Gaps in Your IT Security Posture
When it comes to protecting your business from cyber threats, it's essential to think like a hacker. While traditional security approaches focus on detecting and blocking known threats, proactive security measures focus on anticipating and neutralizing future threats. By understanding the methods and tactics that hackers use to gain access to your systems and data, you can identify the gaps in your IT security posture and take steps to close them.
Thousands of PayPal users victim of data breach
The accounts of 34,942 PayPal users were hacked between the 2nd and 6th of December 2022 by unauthorised parties through a credential stuffing attack. Hackers potentially gained access to customers’ personal data, including their name, address, date of birth, tax ID number, and social security number.
India FinTech Forum unveils 23 high potential fintech startups
Source: IFTA
India FinTech Forum, a not for profit fintech advocacy group representing Indian fintech companies, has announced 23 fintech startups who will give demos of their innovative products and services to a high profile jury this month.
Allurity snaps up Aiuken Cybersecurity
Source: Allurity
Allurity has acquired Spanish multinational Aiuken Cybersecurity, as an important step in its journey to becoming Europe's leading cybersecurity provider. Aiuken brings an entire SOC platform spanning three continents, as well as its Cloud Security and SOC-as-a-Service platforms.
Godfather Android Trojan targets hundreds of banking and crypto apps
Security researchers are warning about the Godfather, an Android banking Trojan that has targeted the users of more than 400 apps.
FSB bids for greater convergence in cyber incident reporting
The Financial Stability Board (FSB) has set out proposals to ensure greater convergence in cyber incident reporting.
Revolut breach exposes data of over 50,000 customers
Revolut has suffered a data breach that exposed personal details of about 50,000 customers worldwide.
African fintech revnues tipped to grow by 8x to reach $30 billion by 2025
Source: McKinsey
As the fastest-growing start-up industry in Africa, African fintech raised over US$1,3 billion in 2021 alone, the success of fintech companies is being fuelled by several trends, including increasing smartphone ownership, declining internet costs, expanded network coverage, and a young, fast-growing, and rapidly urbanizing population.
Banks prepare for cyber-battle to promote cybersecurity awareness
To mark cybersecurity awareness month in the US, this October financial institutions are planning a series of tournaments and events to raise awareness around cyber security issues.
UK finance suffers surge in DDoS attacks
The UK financial sector was subject to a surge in distributed denial of service (DDoS) attacks in the first half of 2022 after Russian forces invaded Ukraine.
Global regulators raise 'issues of concern' over banks' cyber resilience
Source: Iosco
The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) today published an assessment showing reasonably high adoption of their Cyber Guidance by FMIs.
IBM research underscores lack of cloud cohesion
Source: IBM
New global market research from IBM (NYSE: IBM) revealed that more than 77% of respondents have adopted a hybrid cloud approach which can help drive digital transformation, yet the majority of responding organizations are struggling with the complexity to make all their cloud environments work together.
Westpac publishes Cyber Response Playbook for SMEs
Source: Westpac
Westpac has today launched its free Cyber Response Playbook to help counter the increase in cyber attacks, as new research shows almost half (49 per cent) of Australian small and medium sized businesses have experienced a cyber attack in the last 12 months.