News
November 22, 2016
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...
November 21, 2016
Skills gap leaves financial firms at risk from cyber attacks
A technology security skills shortage is leaving firms at increasing risk of cyber security attacks. Firms are becoming increasingly vulnerable as a result of employees lacking necessary IT security skills. Research by IT systems firm Robert Half Technology has found a skills shortage in the security space i...
November 20, 2016
Middle East banks hit by wave of targeted attacks
Cyber security firm FireEye has detected a wave of cyber-attacks against banks in the Middle East. FireEye’s Dynamic Threat Intelligence (DTI) identified emails containing malicious attachments being sent to multiple banks in the region. The treats actors appear to be performing initial reconnaissance ...
November 14, 2016
Can you bank on the cyber security of your bank?
The past decade has witnessed an increasing number of cyber-attacks on financial institutions The advent of Internet-based and mobile banking services has made financial organisations vulnerable to internal and external threats such as malware and spamware (spam, phishing and viruses). According to a study b...
November 10, 2016
New Age Banking series launches FinSec – The Banking Security Summit
Financial organisations in the Middle East are implementing state-of-the-art security solutions to protect data and customers from frauds and other threats. Recent reports suggest that banks in the Middle East and North Africa have invested up to $12.5 billion on IT infrastructure and security in 2016. The N...
