Security

Here Are 5 Cloud Security Predictions for 2022

Before COVID-19, businesses were already moving to the cloud, but with the pandemic forcing companies to turn to remote work, adoption of cloud computing has accelerated these past couple of years. 90% of the 2,800+ executives that were polled last

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Virtual Banking and Security in the Post-Cash Age

Virtual banking is one of the fastest-growing financial innovations, with a quarter of adults in some countries now having a digital-only bank account. The global total of virtual banking customers will pass 2.5 billion by 2024, with the number of

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4 Reasons Why You Need to Protect Your Company’s Data and How to Do It

Your business’s data is one of its most important assets. If it falls into the wrong hands, your company could suffer devastating consequences, such as identity theft, loss of employee productivity, or damage to your reputation. Hackers are becoming increasingly

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How Can You Secure Digital Channels Without Compromising User Experience

All banks and digital banking systems developers strive to make their services and mobile applications as convenient and safe as possible. Ideally, the user should be able to confirm documents with a single gesture, a single glance at a smartphone

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Why We Should Eliminate Passwords as Passwordless Authentication Is the Future

The computer password has been around for more than 6 decades. The first password can be traced back to 1961 in Massachusetts when a computer at MIT was protected with a password for secure login. Incidentally, MIT’s time-sharing system was

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Are Banks Ready to Say Goodbye to Passwords?

Passwords have been around for decades, having first been introduced back in the 1960s as a concept of authentication to cybersecurity. Since then, technology has evolved, consumer behavior has changed, and the cyber threat landscape has morphed into a complex

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Asian Firms Are Quick to Embrace Zero Trust Security Framework, Okta Survey Says

Over the past year, organisations in Asia have embraced the zero trust security framework at a fast pace, recognising the need to upgrade their IT security strategy to address the ongoing digital shift, according to a new survey by Okta,

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How Can Banks Straddle the Fine Line Between Security and User Experience

Banking is becoming increasingly digital in Asia. Boston Consulting Group estimates that Asia Pacific (APAC) houses about 50 of the 249 digital banks worldwide, and 10 out of the 13 that are profitable are based in the region. This means

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Here Are 9 Key Pains Points Up-And-Coming Fintechs Should Look Out For

In a fintech startup’s race to scale up, they will face challenges across many fronts, including improving product profitability, recruiting and retaining talent, managing risks as well as complying with regulations. In this article, Oracle NetSuite addresses the 9 key

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Top Three Digital Fraud Prevention Trends for 2022

2021 was another memorable year. Organisations that built remote processes in response to the pandemic have spent the past year optimising and strengthening their systems to ensure a positive and secure customer experience. However, with identity theft, payment fraud, phishing,

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