A new study from Juniper Research has found the value of fraudulent banking and money transfer transactions is anticipated to increase 153% over the next five years, up from $19 billion in 2024. Fraudsters’ use of AI is putting an additional strain on banks. In turn, however, banks are becoming increasinglyRead More…
The Cybersecurity Framework for Kuwaiti Banking Sector, released by Central Bank of Kuwait in February 2020, aims at establishing an integrated framework for improving cyber resilience. Based on the Framework, all local banks should engage an independent third-party firmRead More…
SICO BSC, a leading regional asset manager, broker, market maker, and investment bank has signed a contract with Beyon Cyber for managed cyber security services that will enhance the cyber security for SICO’s IT Infrastructure and accelerate its digital transformation journey further.Read More…
Check Point Software Technologies, a leading provider of cyber security solutions globally, revealed the cyber threat landscape for the UAE in the last six months. The latest threat intelligence report shows that on average an organization in the UAE has been targeted for attack 295 times per week in theRead More…
When making online payments for shipping and retail items, Emirates Post advises consumers to utilize only the company’s official website, emiratespost.ae, and mobile application. Moving forward, Emirates Post will no longer send consumers any SMS or email that directs them to a payment gateway.Read More…
du, from Emirates Integrated Telecommunications Company (EITC), in partnership with Avanza Innovations has built the UAE’s first document exchange platform on its Blockchain Platform as a Service (BPaaS), named the ‘Bank Trust Network’.Read More…
In 2017 Kaspersky Lab’s anti-phishing technologies detected over 246 million user attempts to visit different kinds of phishing pages. Of those, over 53 percent were attempting to visit a financial-related website – 6 percentage points higher compared to data from 2016. This is the first time since recording phishing attemptsRead More…
DarkMatter, the international cyber security firm headquartered in the UAE, has been selected by EastNets, a leading provider of innovative global compliance, risk and payments solutionsRead More…
