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World's Largest Bank ICBC Hit by Ransomware

SecureWorld News

The Industrial and Commercial Bank of China (ICBC), recognized as the world's largest commercial bank, has fallen victim to a ransomware attack. The bank, in response to the incident, promptly disconnected and isolated affected systems to contain the breach. and even introducing a bug bounty program to ransomware development.

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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO Business Intelligence

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. Traditional banking is fading away,” he says.

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LA Public Defender CIO digitizes to divert people to programs, not prison

CIO Business Intelligence

So he transitioned the public defenders from exclusively using desktops to employing laptops and mobile devices. No one can access trial lawyers unless you have half a million in the bank. Fortuitously, this was implemented just before the pandemic enforced stay at home orders. Everyone needs a public defender.”

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Making Security Personal: Warn End Users About New Bank App Alert

SecureWorld News

If you help an employee secure the personal accounts of their family and friends, good cyber practices can become a relevant concern that they learn to take seriously. Department of Justice alert: rogue banking apps and trojans. The coronavirus made visiting the bank impossible for a time, and now reliance on banking apps has soared.

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Banking and financial software development: Features and requirements

Dataconomy

The development of banking and financial software is essential to the banking sector’s digital transformation. Banks and other financial organizations may simplify operations, boost security, and provide clients with better services thanks to these software solutions. Multiple account types (savings, checking, etc.),

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Agility Recovery To Enhance Disaster Recovery Program With Globally Recognized Certification Standard From the MSPAlliance

CTOvision

The International Association of Cloud and Managed Service Providers (MSPAlliance), today announced that Agility Recovery would leverage the Unified Certification Standard audit (UCS) for Cloud and Managed Service Providers (MSPs) for its disaster recovery program.

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Mobile device security: A new frontier for hackers

Cloud Musings

Recent security breaches have heightened our awareness of cybersecurity issues. The hack and other security breaches have resulted in unprecedented damages. However, the majority of mobile device users have yet to be sensitized to their personal and corporate security risks. Encrypt mobile device data.

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