Search results for “cybercrime”

In our increasingly digital age, the financial world, including Islamic banking, has harnessed technology for efficiency and convenience. However, this digital revolution has given rise to a growing threat: cybercrime.

As today’s banking becomes more and more digital, clients are rapidly moving from traditional to digital channels.

There were many sessions on security at Sibos 2019, but the ones with the most impact were the ones on Financial Crime Mitigation (FCM). Security covers several diverse areas, some of which are quite surprising.

The report says that the guidance that regulators have offered so far can be described as “light touch”, taking the form of information and recommendations rather than rules or standards. This is a potential minefield for banks which think AI is a type of wonder-solution. The report postulates that this 'light-touch' approach is to avoid drying up innovation. Another reason how AI will evolve. AI is still in its early years and not many vendors really understand its potential or likely direction. As the report points out, there is no single expert who can answer every query about how AI works.

According to ThreatMetrix new cybercrime insights, in the first half of 2018 mobile fraud attack rates across the globe rose 24%, when compared to the first half of 2017. Put…

According to a RightScale report, “State of Cloud 2018” 81% of companies have a multi-cloud strategy. Whilst this is their strategy, the take up of cloud is still slow in…

EVP North America Sales & Distribution, Jeffery Kendall, identifies the largest impact Covid-19 will have on the future of banking with results from reports across a number of industry thought-leaders.

All of us continually focus on traditional compliance topics, yet know we should expect some changes each year.

In this, the second of my two part blog, I explore the huge benefit of deploying your digital banking platforms in the cloud.