Research limitations – This study is limited to the application of BSC to analyse the effect of cybercrime in the banking sector only. Practical implications – To avert ongoing massive losses due to cybercrime we quest for development of an alert system that can create the awareness of both ...
The Bombay High Court’s decision inJaiprakash Kulkarni vs Banking Ombudsman, Bank of Baroda & Othersunderscores the paramount importance of robust security measures and diligent customer protection practices in the banking sector. The Court quashed the banking ombudsman’s order and directed the Bank...
“We're not just going and buying the latest, greatest thing,” McIntosh said of infosec professionals in the finance sector. “[We’re] very strategic.” The same goes for machine learning solutions, though McIntosh sees potential applications in banking — especially in fraud protection. “If...
John Rwangombwa made the call while speaking at a national forum on cyber and financial crimes in the Rwandan capital Kigali. "Criminals are constantly developing new techniques to cyber crime, we need to keep a constant review on activities carried out in banking institutions because they are ...
The statistic presents the distribution of data breaches in the United States from 2014 to 2019, by sector.
The meaning of CYBERCRIME is criminal activity (such as fraud, theft, or distribution of child pornography) committed using a computer especially to illegally access, transmit, or manipulate data; also : an instance of such activity. How to use cybercrim
"There is need to include critical components of mobile money and fraud prevention strategy in order to collaboratively fight this crime which is evolving by the day," said Haji during a forum in Nairobi that brought together stakeholders in banking and financial sectors. ...
Cyber risk remains a pressing concern for banks, with ransomware an evolving problem and Covid-19 expanding the attack surface.
Key measures to tackle crime involve private sector taking on greater responsibilities, which bear indirect costs on state November 22 2024 Cyber warfare Microsoft urges Trump to ‘push harder’ against Russia and China hacks Big Tech group’s president calls on new US administration to take tougher...
At the industry level, the financial sector should be leading on cyber security. A KPMG survey in 2023 found that while computer crime and security was aconcern for more than 71 per cent of banking CEOs, only half felt prepared. Worse, according to an EY poll, 35 per cent of directors ...