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.

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.

Security researchers are warning about the Godfather, an Android banking Trojan that has targeted the users of more than 400 apps.

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.

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.

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.

The Financial Stability Board (FSB) has set out proposals to ensure greater convergence in cyber incident reporting.