2269 Results from /security
Dominic Mensah Director Strategic Accounts at Lakeside Software
Nine major banks and building societies operating in the UK accumulated at least 803 hours - the equivalent of 33 days - of tech outages in the past two years, figures published by a group of MPs show. This recent spate of outages in banking apps and services has resulted in a push from UK MPs, who are now demanding that banks and building societ...
24 March 2025 /security /cloud Data Management and Governance
Neil Kinnaird Managing Director at DigtialKit Solutions
In today's digital first age, the rise of online transactions and services has brought unprecedented convenience. However, it has also opened the door to sophisticated fraud schemes. As cybercriminals become more adept at exploiting vulnerabilities, the need for robust fraud prevention measures has never been more critical. Enter digital
20 March 2025 /security /identity Fintech
Erica Andersen Marketing at smartR AI
The big grift now in AI is that 'it is not AI that will take your job but the person using AI'. Therefore the underworked consultants are offering - for a handsome fee - over elaborate AI training courses. Served with a word salad this is a variation on prompt engineering mirage that has worn thinner than the emperors new clothes. This is a callo...
09 March 2025 /ai /security Artificial Intelligence and Financial Services
AI. Its a word that evokes both excitement and apprehension. While some companies race to capitalize on the hype, many rightly remain hesitant, deterred by the known LLM negatives, any real need or required use case and therefore the perceived complexity and cost of implementation. But what if there was a different path? A way to harness the tran
26 February 2025 /ai /security Artificial Intelligence and Financial Services
Anand Naik CEO at Sequretek Inc
2024 was rough; why should 2025 be any different? This question lingers among community banks and credit unions as they brace for another year of evolving cybersecurity threats. With cybercriminals becoming more sophisticated and financial institutions under constant pressure to enhance security measures, understanding what lies ahead is crucial. ...
17 February 2025 /security /inclusion Fintech
While the UK media is flooded with stories of migrant crossings, a more insidious threat to the nation's economy is going largely unreported: the massive outsourcing of jobs in the tech / artificial intelligence and financial services sectors to overseas companies. This phenomenon is not only costing the UK billions of pounds in lost tax revenue
09 February 2025 /ai /security Artificial Intelligence and Financial Services
The new buzzword in the AI hype machine is Agentic AI and CTO's and data professionals are right to be cautious! The shift in terminology from "Small Language Models (SLMs)" to "Agentic AI" does seem like a bit of a marketing makeover. While there are some genuine advancements behind it, it's important to see through the hype.
30 January 2025 /ai /security Artificial Intelligence and Financial Services
Perry Carpenter Chief Human Risk Management Strategist at KnowBe4
More than 90% of 2024 breaches were financially motivated. No surprise that the banking and financial services industry and insurance (BFSI) is a top target for cybercriminals. Let’s explore five major attacks that rocked the industry in 2024, exploring methods used by threat actors, the resulting impact on affected organizations, and key sec
21 January 2025 /security /crime Information Security
Richard Kalas Client Solutions Director for Retail Banking at GFT Group
There has been in recent months a considerable focus on consumer attitudes towards specific elements of digital banking, whether that be the digitisation of savings and investment products, travel services or fraud protection. This time, however, let us examine a more holistic view on how consumers feel about the security of their bank, thei
17 January 2025 /security /retail Banking
Paul Holland CEO at Beyond Encryption
Sustainability has rapidly moved to the forefront of corporate priorities, placing immense pressure on the financial sector to reduce its environmental impact. Beyond regulatory mandates and boardroom discussions, the expectations of consumers are clear. Research shows that nearly three-quarters of consumers are more likely to choose a bank that ...
18 December 2024 /security /sustainable
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