India’s Fintech industry and Fintech growth a part of digital transformation growth is facing growing cybersecurity risks as per reports prepared by PWC & Unified Fintech Forum (UFF). The report, titled “FinSec: An Emerging Equation Between FinTech and Cybersecurity,” highlights how new technologies while driving innovation in digital payments, lending, neobanking, and blockchain are simultaneously…
Lloyd Banking Group secures cybersecurity patent reduce false alarms. Lloyds Banking Group has developed and patented a technology designed to tackle one of the biggest challenges in cybersecurity: the overwhelming number of false positive alerts that can drown security teams in unnecessary investigations. Large organisations often rely on security systems that generate thousands of alerts daily,…
The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be…
