Tag "cybersecurity"

Inside Jobs, Cloud Abuse and Ransomware Attacks Are 2023’s Top Cybersecurity Threats

Persistent insider threats, cloud infrastructure misuse and abuse, and the sophistication of cyberattacks are fostering a riskier cyber environment for organizations worldwide. At Securonix, a company specializing in security intelligence solutions, new vulnerabilities are being identified at nearly double the

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Kaspersky Report: Crypto Collapse Could Lead to Increased DDoS Activity

Recent projects failure and crash in the cryptocurrency market, including the Terra/Luna debacle, have pushed crypto prices further down and triggered an increase in distributed denial-of-service (DDoS) attacks. As crypto markets continue to plunge and show no sign of recovery,

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Security Becomes Top Concern for FSI Leaders as Cyber Attacks Become More Sophisticated

In the finance sector, security has become a top-of-mind issue for business leaders as the number of cyberattacks skyrockets and campaigns become more sophisticated. This is according to findings from a new survey conducted by cloud computing firm VMware. The

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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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Experts Warn of Rapidly Evolving Fraud Techniques in the Wake of COVID-19

Like businesses have embraced digitalization to evolve in the wake of COVID-19, fraudsters and scammers too are embracing digital technology to evolve the threat that they pose to businesses and the public, experts from Visa, Rizal Commercial Banking Corporation (RCBC),

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Enhancing Remote Working and Cybersecurity a Top Priority of Asia Pacific

Across Asia-Pacific (APAC), firms are ramping up their digital transformation efforts, focusing primarily on adopting cloud computing, improving cybersecurity and enhancing remote working, a new survey by Australian telco firm Telstra. The study, conducted in late-2020, polled 420 business decision-makers

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Banks Need to Step Up as Fraudsters Target Surge in Digital Adoption by First Time Users

The COVID-19 pandemic has forced organisations and individuals to embrace new practices and move to online channels, bringing with it a significant increase in fraudulent activities. Affirming this situation, cybersecurity firm Kaspersky recorded a 20% increase in the share of

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Fraud Attacks Increase Amid Rising Digital Banking Adoption

The COVID-19 pandemic and the measures put in place to limit the spread of the virus have drastically accelerated adoption of digital banking and contactless payments. Across Southeast Asia, banks have ramped up their digital efforts to respond to the

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APAC’s Financial Industry Sees Surge in New Account Creation Fraud

In H1 2020, new account creations saw the highest rate of attack across all transaction types within financial services, according to a new study by LexisNexis, a provider of computer-assisted legal and business research as well as risk management services.

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MAS Proposes New Regulations Amid Emerging Risks Arising from Digital Assets

Singapore’s central bank, the Monetary Authority of Singapore (MAS), is proposing new regulations that it would give it more power to regulate the financial services industry, notably in the fields cybersecurity and virtual assets, the regulator said on July 21.

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