Fintech Labs Insights

FEBRUARY 13, 2025

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Small Business

PYMNTS

NOVEMBER 7, 2016

Chain Store Age just released its predictions for the near future of cybersecurity. Here are the upcoming trends and threats for 2017 and what businesses can do to keep up. First and foremost, Chain Store Age notes that critical infrastructure remains uniquely vulnerable in 2017.

Cybersecurity

The Finance Weekly

APRIL 25, 2022

Cybersecurity: The lack of known cyber attacks by Russia against Ukraine and other targets since the invasion began should impress upon organizations a false sense of security. The 2017 NotPetya attack, believed to have been launched by Russia, hit Ukraine in 2017 before spreading to other countries and companies around the world.

Finance

FICO

NOVEMBER 30, 2016

Suffice it to say that in 2017, I believe that analytics, and the many domains it influences, will be a non-stop hit machine in terms of generating news headlines and ideas that fascinate us. In light of the recent Dyn attack , will 2017 be the year that your IoT device will turn on you? Cheers to 2017! million hits.

AI

FICO

DECEMBER 19, 2016

In the world of cybersecurity, 2016 was a banner year – and not in a good way. The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. That’s the bad news.

Office of the Comptroller of the Currency

PYMNTS

SEPTEMBER 15, 2016

Big news on the cybersecurity front and great news for the cybersecurity industry. 13) that the state be the first to require banks to establish cybersecurity programs. Benjamin Lawsky, New York’s first superintendent of cybersecurity, considered it a priority for the Department of Financial Services.

Cybersecurity

CB Insights

SEPTEMBER 26, 2017

The United States is home to approximately 63% of the world’s privately-owned cybersecurity companies. However, several other US states are also notable for their share of the nation’s cybersecurity startups. RESEARCH BRIEFING: AI IN CYBERSECURITY. Look for Cybersecurity Startups in the Collections tab.

Cybersecurity

PYMNTS

JULY 4, 2018

Following the massive data breach at Equifax last year, the cybersecurity sector has flourished – and so have some of the investments that track the industry. In terms of the sector, Gartner forecasts that spending on cybersecurity will rise by 7 percent to $93 billion in 2018, up from $86.4 billion last year.

Cybersecurity

FICO

NOVEMBER 1, 2016

These days, cybersecurity is a hot-button issue in policy circles. On September 13, the New York Department of Financial Services (NYDFS) proposed first-of-its-kind cybersecurity rules covering a wide range of banks, insurers and financial services companies under its jurisdiction. Cyber incident reporting.

Cybersecurity

VISTA InfoSec

DECEMBER 19, 2024

But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to protect the global financial ecosystem.

SWIFT

PYMNTS

NOVEMBER 23, 2016

A new plan, titled “Sheltered Harbor,” was unveiled by the primary trade groups that represent the financial services sector to help standardize data storage for retail accounts and strengthen cybersecurity defenses. Silberstein confirmed that the data storage standards are in line with federal regulatory guidelines for cybersecurity.

FS-ISAC

PYMNTS

SEPTEMBER 11, 2017

PYMNTS highlights the key data from MYOB’s “SME Snapshot Survey,” which surveyed 394 small business customers in August 2017. -87 About half of SMBs are planning to improve their cybersecurity efforts in the coming year, but nearly the same figure — 40 percent — said they aren’t planning to do so.

Cybersecurity

FICO

DECEMBER 18, 2017

That 1849 quip from Jean-Baptiste Alphonse Karr somehow seems fitting for today’s cybersecurity industry. In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. And users don’t yet seem too annoyed by the extra step.

Cybersecurity

CB Insights

MARCH 27, 2019

Cybersecurity is a hot topic today. Future of Cybersecurity: Trends & Startups To Watch. Future of Cybersecurity: Trends & Startups To Watch. Learn about active cyber defense strategies and what they mean for the future of enterprise cybersecurity. Most recently, Dow Jones saw over 2.4M

Cybersecurity

FICO

MAY 30, 2017

Given the significant consequences that face board members in breached organizations, you might expect that they are giving cybersecurity their full attention – but are they? Although 62% of organizations expect cybercrime attack rates to go up, only 48% expect investment in cybersecurity to increase this year.

Cybersecurity

PYMNTS

JANUARY 24, 2019

Increasingly, though, experts are identifying government procurement as an instrumental component of promoting cybersecurity for the public and private sectors alike. In its roundup of key takeaways, The Kosciuszko Institute’s number-one conclusion was that “cybersecurity can and must be strengthened through public procurements.”

Cybersecurity

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. On November 1, 2023, the DFS announced the Amendments to its regulations that were initially published in 2017 (23 NYCRR part 500).

Cybersecurity

VISTA InfoSec

DECEMBER 19, 2024

But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to protect the global financial ecosystem.

SWIFT

CB Insights

OCTOBER 18, 2018

Corporations increased the number of times they mentioned cybersecurity on earnings calls nearly three-fold since 2014, according to CB Insights data. The increase in cybersecurity talk is not surprising given the fact that last year stolen data records worldwide exceeded 2 billion for the first time.

Cybersecurity

PYMNTS

JANUARY 29, 2019

Cybersecurity can seem an overwhelming challenge to organizations considering the pace of cyber-attackers’ evolution that seems to force cybersecurity solution providers into a perpetual game of catch-up. Less than half of IT professionals in the U.S.

Cybersecurity

CB Insights

AUGUST 23, 2017

Given the rising quantity and severity of cyber attacks, cybersecurity continues to be one of the hottest tech sectors in recent history. As companies and governments look to better secure their networks, data, and devices, investors have been making more deals to private cybersecurity companies than ever before. in Q2’17.

Cybersecurity

PYMNTS

AUGUST 28, 2019

California-based Imperva , a principal cybersecurity provider that works to prevent website breaches, has said it was hacked, The Next Web reported on Wednesday (Aug. 15, 2017. “We The hack affects customers using the Cloud Web Application Firewall (WAF) product.

Breach

PYMNTS

JANUARY 8, 2019

Also, the number of attacks against Internet of Things (IoT) devices is growing as well – 600 percent between 2016 and 2017. Comcast cited a study by Cisco that estimated the average American home will have 13 connected devices per person. xFi Advanced Security was developed to protect devices in this new hyper-connected reality.

Cybersecurity

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. The service includes educational materials as well, like training videos and guidance on internal cybersecurity policy development. In a press release on Tuesday (Feb. In a press release on Tuesday (Feb. Education Is Key.

Cybersecurity

PYMNTS

JUNE 29, 2018

disclosed it had suffered a data breach, the company also revealed the cause of the cybersecurity incident: a third-party vendor. enterprises are overlooking their supplier relationships when developing cybersecurity strategies. When Ticketmaster U.K. Earlier this month analysis from Citrix and OnePoll found that large U.K. ”

Cybersecurity

PYMNTS

JANUARY 23, 2020

Mastercard has launched a new center called the Intelligence and Cyber Centre in Vancouver, Canada, focused on speeding innovation in artificial intelligence (AI), cybersecurity and Internet of Things (IoT), according to a release. . The investments illustrate Mastercard’s commitment to supporting technology and innovation in the country.

Cybersecurity

FICO

AUGUST 15, 2018

The number of UK firms with cybersecurity insurance has risen in the past year — but less than half say their cyber insurance covers all risks. While this is substantially better than the 24 percent reported across all 11 countries surveyed, only 38 percent of UK respondents said their cybersecurity insurance covers all risks.

Cybersecurity

FICO

JUNE 5, 2018

In 2017 we commissioned independent research company Ovum to carry out a cybersecurity survey among senior executives, with some surprising results. We and Ovum have just completed an even bigger cybersecurity survey, covering 500 senior executives in 11 countries. The post What Did We Learn in 2018’s Cybersecurity Survey?

Cybersecurity

Fintech News

SEPTEMBER 25, 2024

Replacing its previous Cyber Security Advisory Panel formed in 2017, MAS has established the Cyber and Technology Resilience Experts (CTREX) Panel. The panel consists of 13 global experts from leading organisations in cybersecurity and technology resilience, including Citigroup, Microsoft, Nasdaq, Google Cloud, and Mastercard.

Cybersecurity

FICO

JANUARY 24, 2018

Two of today’s hottest tech topics — cybersecurity insurance and artificial intelligence (AI) — were well represented at recent conferences in insurance and banking, respectively: Advisen Cyber Risks Insights Conference and Bank AI Expo. Advisen: Barbican Takes a Leadership Stance on Cybersecurity Insurance. Here’s my take.

Cybersecurity

PYMNTS

SEPTEMBER 30, 2019

Maersk Chief Technology and Information Officer Adam Banks spoke earlier this month at a cybersecurity conference, reflecting on that 2017 attack and noting that the company was “not unusually weak,” and adding that this is a fact for many organizations that can, unfortunately, lead to a false sense of security.

Cybersecurity

PYMNTS

DECEMBER 26, 2018

founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., A 2017 Annual Cybersecurity Report (ACR) from Cisco found companies that suffer a data breach could have customer, opportunity and revenue losses exceeding 20 percent.

Ransomware

PYMNTS

NOVEMBER 28, 2018

Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 Activity from the group increased in 2017, becoming a huge business with greater than $30 million in profit last year. million computers to generate fake clicks.

FBI

PYMNTS

MARCH 7, 2019

Equifax disclosed the hack in September of 2017. CNBC said the report is critical of the company’s tech and cybersecurity operations, as well as Equifax’s handling of employees’ warnings to a top executive about security flaws. The flaw went unpatched at Equifax and created the entry point for hackers.

Cybersecurity

PYMNTS

DECEMBER 12, 2018

In a press release announcing the results, the FCA said that despite growing public awareness about cybersecurity and increased regulation placed on companies, the board members of scores of companies have a limited understanding of the risks. Many bank boards still do not understand the cyber threat.

Cybersecurity

Fintech News

JANUARY 7, 2024

Since 2017, Pyongyang-linked threat actors have caused the loss of nearly US$3 billion worth of crypto. Despite notable advancements in cybersecurity among exchanges and increased international collaboration in tracking and recovering stolen funds, 2024 is likely to see further disruption from the world’s most prolific cyber-thief.”

OFAC

The Fintech Times

SEPTEMBER 14, 2024

The six core strategies are: information and digital, cybersecurity, precision health, national defence and strategy, green and renewable energy, and strategic stockpile industries. In 2017, Taiwan introduced the Financial Technology Development and Innovative Experimentation Act, leading to the establishment of a regulatory sandbox.

Innovation