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Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .
Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. Traditional banking is fading away,” he says.
Once synonymous with a simple plastic credit card to a company at the forefront of digital payments, we’ve consistently pushed the boundaries of innovation while respecting tradition and our relationships with our merchants, banks, and customers.
Ali Alkaf Alhashmi VP, Cyber Security & Technology, Mubadala Investments 4. Anoop Paudval Head of InformationSecurity and Governance Gulf News, Al Nisr Publishing 5. Ayoub Fathi, Vice President of InformationSecurity, CISO noon 7. Dileep Sreedharan, Senior Director of Cyber Security, DAMAC Group 8.
Security will become increasingly important as industries seek to collaborate and use each other’s capabilities to enable new business models, with the banking sector leading the way
Informationsecurity has been an intriguing part of our past, is a critical part of our present, and will be a defining factor in our future. The economics of security are clear: “There is no financial stability without cybersecurity,” writes Loretta J. Mester , President and CEO of the Federal Reserve Bank of Cleveland.
banking regulator says an employee downloaded a large amount of data from its computer system a week before he retired and is now unable to locate the thumb drives he stored it on.
Next week, New York State will begin a 45-day public comment period on its new financial industry cybersecurity regulation -- and, so far, security experts have a favorable view of the proposal. According to New York Gov. Andrew Cuomo, this is the first such regulation in the country.
As the CIO of Beyond Bank, one of the largest customer-owned banks in Australia, Stevie-Ann Dovico is at the nexus of the business, from banking and technology, to data and business intelligence, all of which fuels the person-to-person customer experience and promotes financial well-being.
AAA National CISO Richard Latayan will lead a discussion on building resiliency into third-party relationships with Alex Attumalil, global CISO of Under Armour , and Ronald Banks, executive vice president and CISO of Texas Capital Bank. On July 20, the summit begins by tackling an issue facing many security leaders: burnout.
Breaking the mold As the lines blur between business and technology, investment banking firm Edward Jones is refashioning IT along two parallel paths. While cybersecurity has traditionally been under IT’s wing, many firms are revamping reporting structures to create a direct line from the chief informationsecurity officer to the CEO.
The Washington Post , The New York Times , and The Wall Street Journal have dedicated front-page links to the story, in a press wave that will contribute to the public’s increasing exposure to cybersecurity concepts and the growing importance of informationsecurity.
The study was inspired by the case of McArthur Wheeler , a man who robbed two banks after covering his face with lemon juice in the mistaken belief that it would prevent his face from being recorded on surveillance cameras. ” I know there are many facets to cyber security, cyber operations, cyber attack and cyber espionage.
Security is a top priority at the Bank of Labor , but the financial institution updates its formal informationsecurity policy only once a year, maybe twice, regardless of what's happening in the ever-changing threat landscape.
Vishing: Voice over IP (VoIP) and Plain Old Telephone Services (POTS) are also susceptible to phishing attacks – attackers use speech synthesis software and automated calls to solicit victims to share bank details and login credentials. Cyberattacks, Data and InformationSecurity, Phishing
Seeing that hackers don’t work 9 to 5, IT and informationsecurity professionals generally don’t get enough rest, says Itumeleng Makgati, group informationsecurity executive at Standard Bank. The experts share their four top tips below. . Encourage your teams to slow things down.
Collaboration between IT and security operations The chief informationsecurity officer (CISO) and the SOC are at the forefront of preventing and responding to security incidents. Quick and effective response is crucial, but equally important is the collaboration between IT operations and security operations.
src="[link] alt="christian piccardi" loading="lazy" width="400px"> Christian Piccardi Chief Information Officer (Mox Bank) In 2025, Mox will extend the use of AI and automation to enhance customer support, decision-making, and operational efficiency while exploring AI co-piloting to augmenttechcapabilities.
to require banks to formalize their cybersecurity program. These proposed new laws would require some of the world’s largest banks to invest millions of dollars in cyber protections. These proposed new laws would require some of the world’s largest banks to invest millions of dollars in cyber protections.
Vakrangee, a Mumbai-based provider of banking and e-governance services, has appointed Prashanth Thakur as senior vice president and head of technology and digital. Prior to joining Fractal, Tiwari was senior vice-president and global CISO at Airtel, where he set up the managed security services initiative Airtel Secure for Business.
One such company is a large Indian bank with more than 5 million customers who was repeatedly getting half a million issues in code despite adjustments and tweaking of configurations in a popular commercial SAST tool.
As CIO of Anglo-South African international banking and wealth management group, Investec, Shabhana Thaver has a multi-purpose approach to tech trends. On the one hand, there are foundational forces, which protect the existing business and include talent, informationsecurity and modernization.
Stephen Kowski, Field CTO at SlashNext Email Security+. Attackers are mimicking tournament brackets, betting promotions, and registration formstricking users into handing over credentials or linking bank accounts to fraudulent sites. Use multi-factor authentication (MFA) : Enable MFA, especially for betting or banking accounts.
Christopher Marsh-Bourdon, head of hybrid environments at Wells Fargo Bank N.A. will offer insights on designing hybrid cloud environments for security and flexibility. She will also field questions in a live discussion. Throughout the day, CIOs from leading companies will dive into aspects of their strategy. And hear how the U.S.
With his strong focus on people, process, and technology (in that order) he has helped to elevate the IT operations in organizations such as Merrick Bank, Content Watch, Access Data, W.J. Bradley Mortgage Capital, Credit.com, and Avalon Healthcare.
Speakers for this year’s event include: Regina Wallace-Jones, Head of Security Operations, Facebook. White, VP Senior InformationSecurity Officer, Global InformationSecurity, Bank of America. Heather Adkins, Founding member of the Google Security Team. Margaret N.
security companies that are addressing industry and government’s most pressing needs and requirements. Deputy Chief InformationSecurity Officer. Chief InformationSecurity Officer. Department of Homeland Security. Chief Information and Innovation Officer, Member of Executive Committee. Lisa Davis.
Supported by nearly 170 points of presence, 21 Cloud Service Centers, and more than 30 high-performance data centers located worldwide, the company’s solution suites include TrueCONNECT™ private network solutions, TrustCSI™ informationsecurity solutions, SmartCLOUD™ cloud computing solutions, and DataHOUSE™ cloud data center services.
As an example, the consultancy refers to how generative AI technology could potentially add $200 – $400 billion in added annual value to the banking industry if full implementation moves ahead on various use cases. Not all companies have security systems that can detect, block, or remediate this type of behavior.
client software,” said Arindam Bose, FVP & InformationSecurity Officer, BBCN Bank. “Invincea continues to execute on their mission as a leader in user protection against advanced threats with the release of FreeSpace 4.0 The FreeSpace 4.0 client software and Invincea Management Service 2.1
Most corporate hacks we see are focused on either customer data (credit cards, medical records, social security numbers, passwords, bank account information, email addresses) or company proprietary documents. The #SonyHack was not a run-of-the-mill corporate hack, like we see every week in just about every sector. Game Change.
“We chose Invincea to protect our bank against targeted attacks on our employees, including spear-phishing and web-based drive-by attacks. Our enterprise deployment of Invincea has greatly reduced our end user risk exposure,” said Christopher Walsh, FVP and InformationSecurity Officer, Bank Leumi.
It’s now common practice to perform a variety of banking tasks from home. Health records can be viewed securely from any device in the world with a web connection. In this way a new employee is always assigned the rights he actually needs, and never too many, which is unfavorable in informationsecurity terms.
But if security is so important, why not put up even more money? With billions in the bank — $78.5 billion, at last count — Microsoft has the resources to go even further to turn the economics of security research in its favor. Bell responded to the question: “I mean, you could pay a trillion dollars.
“Whether they’re personal or business, relationships take work, but that work is how you establish trust,” says Lovelady, “and picking up the phone or walking down the hall fills the trust bank over time.” At corporate, we focus on things that can be done globally,” says Lovelady.
Lois is a Certified Chief Security Officer and a Certified InformationSecurity Manager. Her project delivery experience includes IT consolidations, secure internet banking, infrastructure security, and identity management projects.
Financial technology and services company Fidelity National Information Services (FIS) uses the low code WaveMaker to develop the user interfaces for the customer-facing applications it builds for its bank customers, using APIs to connect those applications to the customer’s or FIS’ back-end systems.
— Joseph Vincent left his position as chief legal officer of Moonstone Bank , the Washington state bank linked to failed cryptocurrency exchange FTX. Tysen joined Intuit more than two decades ago and is currently senior vice president of product development, chief informationsecurity officer, and fraud prevention officer.
employers now offer hybrid work, some banks and insurance companies have been slow to embrace this emerging work model. Banks developed the traditional office model, using physical inboxes, outboxes, and carbon copies to transmit information. Though three-quarters of U.S.
Compliance is the leading intelligent information management driver The AIIM study was a 10-year follow-up to a 2013 study, with participants mostly coming from government, finance, banking and insurance, and education in North America, the United Kingdom, and Europe, Middle East, and Africa (EMEA).
But these new technologies also dramatically shif the nature of where data is, how much there is, and how it is accessed, and therefore require an entirely new approach to IT security, which is already a $60 billion market. Informationsecurity isn’t a new battle for enterprises. percent for banks. But it’s escalating.
— Oleria , a Bellevue-based identity security startup, announced that chief informationsecurity officers Matt Thomlinson and Oliver Newbury will serve as advisors. Newbury also holds additional advisory roles and previously was global CISO for the London-based banking giant Barclays.
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