Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Finance

Financial Services is Leading the Pack in Placing Controls Around ChatGPT

ChatGPT use is increasing exponentially in the enterprise, where users are submitting sensitive information to the chat bot, including proprietary source code, passwords and keys, intellectual property, and regulated data. In response, organizations have put controls in place to limit the use of ChatGPT. Financial services leads the pack, with nearly one in four organizations implementing controls around ChatGPT.

Banking and Retail Top the List of Industries Targeted by Social Media Phishing Attacks

Using an external platform trusted by potential victims is proving to be a vital tool in the cybercriminal’s arsenal. New data shows the state of the threat and who’s at risk. The average business experienced around 81 social media attacks each month in Q1 of this year, according to new data from PhishLabs, increasing 12% over Q4, 2022 and 5% over Q1 of 2022.

Project Eden: The Technical Perspective

12 of the most prominent banks gathered at Tel Aviv Stock Exchange (TASE) on May 31st, 2023, to participate in Project Eden, a highly-anticipated PoC of the first digital government bond issued by the Israeli Ministry of Finance. International and domestic banks – Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs, J.P.

The role of cybersecurity in financial institutions -protecting against evolving threats

Cybersecurity is practice of protecting information technology (IT) infrastructure assets such as computers, networks, mobile devices, servers, hardware, software, and data (personal & financial) against attacks, breaches and unauthorised access. Due to bloom of technology, most of all businesses rely on IT services, making cybersecurity a critical part of IT infrastructure in any business.

Cybersecurity Standards in the Banking Industry

Cybersecurity has risen to become a major concern for nearly every industry. With the constant stream of news about the escalating numbers of breaches, it is understandable that governments have taken a more active role by passing cybersecurity and privacy legislation. Some of the industries are not top of mind to many people. For example, few people are aware of all of the industries that make up the 16 sectors of critical infrastructure.

Reliability and security best practices for financial services in ANZ

Every year, Australians lose over $6 billion due to financial fraud and cybercrime , so it is great to see the collaboration between banks in Australia to fight fraudsters head-on with the help of the Fraud Reporting Exchange (FRX ). The FRX is a trusted, secure, single platform providing timely and efficient means of reporting and actioning fraudulent (including scam) activities between banks.