How regtech helps to combat money laundering and other financial crimes in the age of digital banking.
The COVID-19 pandemic is giving criminals plenty of new opportunities to commit financial crime and launder the proceeds. The proliferation of online fraud and financial crimes results from several key factors:
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Know the various ways cybercriminals evade detection by using only a network’s own sanctioned tools for the attack.
The best way to test if a door is locked is to try to open it. Similarly, one of the best ways to test your computer security is to try to breach its defenses using known tools. These are referred to as ‘grey hat’ tools and they are used legitimately by penetration testers and red teams to launch attacks with benign payloads on computers and networks.
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Actually, businesses can enjoy both high staff productivity and WFH security. Here are some tips to achieve this balance…
Remote-working had already been a rising trend in recent years, but no one could have predicted that an event like the COVID-19 pandemic would cause entire companies to move to the digital workplace overnight.
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Regardless of whether your housemates are security-conscious or not, the risk escalates with every account used by multiple people: study.
Do you feel comfortable sharing streaming services with your family or housemates?
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Stolen credentials and the resultant credential stuffing are real and growing cyberthreats underlying a majority of vulnerabilities, says this expert.
While data breaches garner significant attention in the region, less has been said about how technology has evolved to thwart these attacks. Many security teams are unaware of tactics at their disposal to stop fraudsters in their tracks.
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If you click on it, you’re through…
Lemon_Duck is one of the more advanced types of cryptojacker payloads that threat researchers have seen.
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The infamous Lazarus Group has again been linked to financially-motivated cyberthreats around the world, because sanctions make NKorea more desperate.
An attack against an organization working in the cryptocurrency vertical has been linked to the notorious Lazarus Group (APT38)—a highly-skilled, financially-motivated threat actor whose interests reportedly align with the Democratic People’s Republic of Korea (DPRK).
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Ransomware and IIoT vulnerabilities are also threats to watch for this year, reports one cybersecurity solutions firm.
In the first half of this year, COVID-19-related cyberthreats were the single largest type of threat encountered by cybersecurity specialist Trend Micro. Nearly 92% of these threats were email-based.
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Hackers for hire have presented persistent threats across the world, but new evasion techniques make small- and medium-sized enterprises most vulnerable.
A ‘mercenary’ advanced persistent threat (APT) group has been leveraging efficient espionage attacks on small and medium-sized enterprises (SMEs) in the financial sector since at least 2012. The most recent discoveries demonstrate that the group DeathStalker has spread across Argentina, China, Cyprus, Israel, Lebanon, Switzerland, Taiwan, Turkey, the United Kingdom and the United Arab Emirates.
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The global migration to remote-working has made businesses realize its many benefits. But security is one antithesis that needs urgent addressing.
COVID-19 has accelerated the introduction of remote-working (or Work-From-Home) by at least five years for 62% of organizations in the Asia Pacific (APAC) region, according to a new study by cybersecurity solutions firm Barracuda Networks. This is the case particular in the legal (75%), human resources (75%), education (67%) and travel & transport (67%) industries.
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