Phishing attacks target the financial industry again, the case is in an accelerated rise, as more mobile banking applications are developed. More and more banking customers report banking accounts being losing money and malicious banking transfers that have no sms or one time password (OTP) for authentication and verification, either via the malicious app or
Transition to the new PCI DSS v4.0 is in everyone’s mind right now. The PCI Security Standards Council (PCI SSC) issued version 4.0 of the PCI Data Security Standard (PCI DSS) on March 31, 2022. The PCI DSS is a global standard that establishes a baseline of technical and operational standards for protecting account data.
If you have read the news, you notice a few major forces and the theme is starting to attract more attraction. From the Russia-Ukraine conflict, global food and energy inflation, and some countries running into bad debt, even the US is now under testing for the second quarter for GDP negative flow, and most likely
Future of banks may be different than what you thought. Since its invention and centuries of development, it has become one of the major sectors and industries of the world economy. From 1995 onward the world entered the digital economy and from the recent entire transit toward the fourth industrial revolution (4IR) industry 4.0. Beside
Quantum computing threat to encryption and blockchain, or cryptocurrencies. As everyone knows, we are transitioning from industrial revolution 3.0 to industry 4.0 or fourth industrial revolution (4IR). Just like all the past revolutions, seeing big things in the next wave in the current eye and paradigm is very dangerous. Just imagine, how can you expect
Background Information The Client is wholly-owned by The Client’s banking and financial group under a conglomerate. The company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development. The group’s shares are listed on stock exchanges of Malaysia, Singapore, Hong Kong, Manila and Europe. It has a business in General
Background Information The Client is an established bank in Asia Pacific providing banking, finance and insurance solutions. The Client has business with an external vendor to provide client’s customer information for co-marketing purposes on the ongoing basis. To protect against data theft and customer data leakage, The Client required data encryption for email and removable
Background Information The Client is a multinational banking and financial services corporation headquartered in Europe. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks
Since we entered the digital economy, more and more digitalization of the product is being replaced by physical products as the preferred choice or completely phasing out the physical product, or shrinking the demand for physical product. For instance, CD, DVD, Blue-Ray disk, printed book, newspaper, magazines, travel guide and encyclopedia. Phones have become smartphones,