News
November 9, 2017
How secure are mobile banking apps?
Image credit: www.helpnetsecurity.com Do banking institutions have a good handle on the things they need to remediate and new control layers they need to adopt to keep users secure? To answer those questions, Accenture and NowSecure have performed vulnerability assessments of customer-facing m...
February 6, 2017
Big year ahead for biometrics
Biometrics are coming of age, and 2017 has the potential to be a big year for the continued adoption of biometric technologies, according to Acuity Market Intelligence, which released its “Ten Top Trends for Biometrics and Digital Identity” for 2017 this week. “Biometrics and digital identi...
January 29, 2017
Which MENA Countries Lead in Digital Banking Adoption? ArabNet Digital Banking Report
Mobile banking adoption rates are at their highest in emerging markets, according to the “Mobile Banking 2015” report by KPMG. And Gemalto estimates that mobile banking users in the Middle East and Africa will exceed 80 million by 2017. Banks across the region are investing in their digital assets, intro...
January 29, 2017
As Mobile Banking Raises Expectations, Cybersecurity Is More Than An IT Issue
EY’s GCC Digital Banking Report last year revealed that although mobile banking usage in the GCC was still lagging a bit behind the rest of the world, consumers here would be keen to use it if it was simply better, quicker and easier. In September 2016, research from Collinson Group found that 83% of afflu...
January 23, 2017
Cyber Rated as Top Three Economic Risk for 2017
Connected devices and the potential for cyber-attacks has featured as one of the top risks for 2017. While economic inequality, societal polarization and intensifying environmental dangers were identified as some of the top risk trends in the World Economic Forum’s Global Risks Report for 2017, ahead of th...
January 23, 2017
New regulations will help strengthen UAE’s banking sector
The banking sector in the UAE operated in an environment of new market realities in 2016. Revised oil prices, China’s slowdown and regional conflicts are some of the persistent stories that weighed heavily over local and international indices. These trends require that banks calibrate their expectations, a...
January 22, 2017
UAE issues new rules for online payments
The UAE Central Bank on Wednesday issued new regulations for “stored value digital payments”. In a statement the central bank said that the rules were finalised after an extensive consultation process over many months with the relevant stakeholders. The objective of the regulations is to facilita...
January 22, 2017
‘Be mindful, biometrics can be attacked’
Biometrics, which is increasingly being deployed for identification, authentication and other critical security applications, are as vulnerable as any other digital system as they can be attacked, a top cyber security expert has warned. In an interview to XPRESS on the sidelines of the Institute of Electrica...
January 16, 2017
10 Frightening Facts about Cybercrime MENA Banks Should Know
As per a report by PwC, cybercrime was the second most commonly reported type of economic crime in the Middle East in 2016, accounting for 30 per cent of all economic crimes in the region. In a survey by Agari, 60 per cent of security leaders said their organisations were or could have been the victim of at ...
