About Security

Fraudsters are increasingly targeting FinTech companies that offer digital goods and services such as virtual currencies, digital wallets, and online loans, according to a new report by Sift. The report highlights the importance of implementing advanced fraud prevention measures, including a layered approach to fraud prevention and education for consumers, in order to protect both FinTech companies and their customers from the growing threat of fraud in the industry.

To differentiate their products and services from ever-increasing competition and drive down operational costs, financial services organizations globally are accelerating their digital transformation initiatives.

In today’s world, many financial services applications rely on APIs to exchange data and interact with external systems. With the increasing adoption of cloud computing, the usage of APIs has grown exponentially, making API security a top priority for financial organizations.

Mergers and acquisitions (M&A) play a crucial role in the growth and expansion of businesses worldwide. They enable companies to increase market share, diversify product and service offerings, and achieve economies of scale. A successful M&A transaction can lead to significant competitive advantages and long-term value creation for the involved organizations.

In heavily regulated industries such as the financial services sector, there are specific barriers preventing many firms from establishing and maintaining strong cybersecurity protocols. In broad terms, there can often be a hesitancy for financial services firms to adopt technologies that can help strengthen cyber resilience, such as cloud computing, often due to complex regulatory environments.

The financial industry has always been a prime target for cybercriminals. As criminals are quickly growing more sophisticated, financial institutions must step up their cybersecurity approach and focus not just on gating data but on inside threats - specifically, those that have a root in access privilege abuse.

Security is a big issue for fintech companies: frauds and cyber attacks have damaged many firms, and we at Fintech Weekly often covered this kind o...

The colossal hack that involved Twitter allowed hackers to record the data of over 5 million Twitter users. Twitter confirmed that the bug that all...

Tamas Kadar and Bence Jendruszàk found an innovative way to prevent frauds: with their company, SEON, the two former crypto professionals realized ...

Cyber attacks in Nigeria are rising. Mr. Musa Jimoh, the director of the Central Bank of Nigeria (CBN) has assured stakeholders that the bank is ad...

Even if banks and fintech companies are increasingly partnering to create new financial solutions, there are still risks that could threaten furthe...

Predictions seem to already prove their reliability. The focus on decentralization, the will of giving people control over their data and the need ...

To face another top issue of fintech, frauds, fintech firms are finding new solutions to avoid them and help customers to operate in a safer enviro...

The “challenger bank” Rocker introduces a new card in partnership with two other firms: IDEX Biometrics and Idemia. Instead of needing a PIN code, ...

This is the downside of cryptocurrencies – they can be easily used online by scammers. According to The Guardian, global crime gangs are using some...

The Forbes Technology Council discusses the latest developments in the cybersecurity space: from blockchain vulnerabilities to data sovereignty, in...

According to Aite-Novarica Group, in 2020 at least 47% of Americans experienced some form of identity theft, and according to CNBC $5.8 was lost in...

The tech giant Google launches its Google Wallet and new virtual cards. The goal is not only to provide more easy-to-use payment methods, but also ...

D-Pal, a Dublin-based fintech, launches in the UK. Among other services, this fintech firm is able to provide software for identification that make...

The popular actor and producer Seth Green is also an NFT collector. Unfortunately, 4 of his NFTs were stolen as the result of a phishing fraud – bu...

A new bill presented to the Parliament last week, the Data Protection and Digital Information Bill (DPDIB), will hopefully boost the economic growt...

The African technology company Cassava Technologies has raised $50 million dollars to create a network of cyber security operations centers (CSOCs)...

As fintech companies primarily offer payment services, keeping every transaction safe is important. This is even more urgent when you consider that...

Ripples Nigeria shares with us some interesting stories, among which the new campaign launched by the fintech PalmPay to improve cyber security awa...

The popular crypto wallet manufacturer, Trezor, and Wasabi, the Bitcoin wallet, cooperate to bring coinjoin mixing to hardware wallets. The news ...

PaaS (Platform as a Service) providers are improving payment systems creating modern and easy-to-use platforms. Among the services offered by these...

The National Press Club Luncheon will host SEC’s Gary Gensler – who will address hot topics like security and artificial intelligence. What are the...

Tech giants like Amazon, Google, Meta, and Microsoft have entered the AI space. They're also aware of the risks: since generative AI can make it ea...

Tech giants like Amazon, Google, Meta, and Microsoft have entered the AI space. They're also aware of the risks: since generative AI can make it ea...

Google has introduced DigiKavach, an early threat detection and warning system designed to proactively identify and analyze emerging financial frau...

Indonesia's central bank, in collaboration with major fintech associations, has introduced ethical guidelines for AI use in fintech. This move, emp...

WithSecure, a Finnish cybersecurity pioneer, is making significant strides in cloud security, with a strong presence in Europe, North America, and ...