Daily News at Sibos 2019: Day Two
Click on the image to read this issue
Read our second edition of the Daily News at Sibos, live from this year’s Sibos 2019 conference in London – all the latest news and analysis from Swift’s premier event of the year.
Free to read online or pick up a complimentary print copy if you are at Sibos!
A note from the Editor, Sharon Kimathi:
This edition of the Daily News at Sibos explores how financial organisations are keeping ahead of cybersecurity threats as new technology ushers in new risks to tackle.
Financial services companies have been the target of attacks for centuries. Becky Keightley, VP at Panaseer, discusses what’s changed, as typically banks used to be robbed by local criminals who had knowledge of the bank and lived near enough to build a team and carry out the job. But now, Keightley, points out that most assets are electronically held, and the banks are online, making anyone in the world with internet access and the requisite expertise someone who can target a bank to carry out cybercriminal activities.
Michael Cumming-Bruce, senior associate at Cooke, Young & Keidan discusses the new opportunities for fraud that the likes of Facebook’s stablecoin, Libra will bring. Fraudsters will be seeking to lure unwary victims into purchases of fake Libra via spoof advertising on Facebook itself as cyber-criminals often preying on victims’ lack of technical or financial sophistication to steal from them.
FinTech Futures’ reporter, Ruby Hinchliffe, shares her take on the latest cyber security breaches, revealing that Monzo’s recent PIN debacle prompted many of her friends to change their passwords and question whether the bank was still safe to be with.
Feel free to browse our website for more features and reports on cyber security in the fintech industry and this year’s latest Sibos news.
