1. Gather the needed banking information As with any transfer, you need some key financial information for all of the parties involved. This is the information SWIFT uses to facilitate the money transfer between international banks. To complete a SWIFT payment, you’ll need: All of your perso...
Financial services smishing attacks are masked as notifications from financial institutions. Nearly everyone uses banking and credit card services, making them susceptible to both generic and institution-specific messages. Loans and investing are also common premises in this category. An attacker poses as...
Open banking is changing the financial services industry, paving the way for innovations that are redefining how businesses and financial institutions interact. The shift towards a more open infrastructure has created opportunities for accelerated modernisation and service diversity. And regulatory trends are...
MFA is a security control solution that is user-focused, meaning it starts with you.Secure SMB Cybersecurity Small businesses need to invest in MFA even if their company’s size deems them exempt from some of the heftier regulatory compliance mandates. As new statutes arise to protect ...
This is different from municipal Wi-Fi, which is free connectivity offered by cities so residents can connect to the internet. Even if users do not perform banking transactions or other tasks involving sensitive data on a public Wi-Fi, a MitM attack can still send malicious code to a device...
Small and medium-sized businesses (SMBs) These organisations use open banking to automate various tasks, such asreconciling invoiceswith bank transactions and gaining a clearer picture of their financial status. Regulatory bodies The organisations that set and enforce financial rules find open banking ...
Interim data deal and Brexit: What CISOs need to know now the UK has left the EU 05 Jan 20218 mins feature UK Telecommunications Security Bill aims to improve telco security for 5G rollouts 22 Dec 202011 mins feature What is typosquatting? A simple but effective attack technique ...
Banking is undoubtedly the area where facial recognition was least expected. And yet, it promises a lot. KYC onboardingwith facial recognition online is a hot topic in 2021. Why? Covid-19 pushed customers and banks to rely more heavily on digital channels and apps. ...
The federal Small Business Administration is a popular choice for business owners. The SBA offers loans through banking partners with lower interest rates and longer terms, but there are stricter requirements for approval. Merchant cash advances. This form of debt financing is a loan from an altern...
Banking and financial services transformation is critical for modernizing legacy systems, improving customer experiences, and ensuring regulatory compliance. However, financial applications—such as core banking platforms (e.g., Temenos, Finastra), CRM tools (e.g., Salesforce Financial Services Cloud),...