Your top five questions on biometric bank cards answered

As we stated in a previous blog, biometric bank cards are a strong trend defining the future of payments. Whether it’s the enhanced security, the sleek and simple customer experience or the smooth enrolment process, biometric bank cards will soon set the precedent of what the payment process should look like. However, as a relatively new technology, you may have some questions about biometric cards. How do they work? Are they more secure than other EMV cards? Are they easy to use? To help explain this innovation in payment technology, we’ve answered...

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‘Numberless’ bank cards could be the future: here’s why

In the last few years, the EMV payment card has become increasingly popular and familiar to us all. This is, in part, due to innovations such as contactless communications, different card bodies (such as metal or repurposed ocean plastic) and biometric fingerprint authentication. Today around 3 billion cards are issued every year and the total number of cards in use exceeds...

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How can Digital First banking benefit financial institutions?

The benefits of Digital First banking for the consumer are clear. Whether it’s both physical and digital card issuance, real-time card management or secure, hassle-free online payments, the services on offer to consumers when it comes to Digital First banking are almost endless. With these digital features comes increased convenience and instantaneity, the core principles of modern banking. But what is the benefit of Digital First for banks? While better serving the consumer is always the core goal for financial institutions, Digital First can...

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New Harris Poll: Cybersecurity Fears May Stall COVID-19 Digital Vaccine Card Adoption in the United States and United Kingdom, Identity Theft and Fake Cards Top List of Concerns

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Anomali, the leader in intelligence-driven cybersecurity solutions, today announced availability of its latest survey conducted by The Harris Poll. The study, which gathered responses from more than 2,000 adults 18 and older in the United States and more than 1,000 adults 18 and over in the United Kingdom, reveals that more than three-quarters...

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CloudCover Announces Two New Appointments to Board of Directors

MINNEAPOLIS–(BUSINESS WIRE)–CloudCover®, an automated intelligence (AI)-driven cybersecurity platform, announced today that it has appointed Jimmie Lee, former head of security applications at Facebook, and Peter Lacey, executive chairman at Cervus Equipment Corporation, to its board of directors, effective immediately. “We are pleased to welcome Jimmie and Peter to our board...

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Northern Virginia Talent Initiative Website Draws 483,000 Visitors and 72,000 Job Views

FAIRFAX COUNTY, Va.–(BUSINESS WIRE)–Just over one year after the official launch of its workinnorthernvirginia.com website and accompanying talent initiative funded by the Fairfax County government, the site created by the Fairfax County Economic Development Authority (FCEDA) has logged more than 483,000 visitors and 72,000 job views. The website connects a new and diverse...

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Why digital issuance is the perfect recipe for modern financial services

While instant card issuance has become a common service for many banks, digital issuance, where banks can issue card credentials directly to a customer’s mobile wallet, looms as the next development to revolutionise the way consumers interact with their financial services provider.  However, while this innovation seems to only apply to the issuing of digital cards, digital issuance, in combination with a bank’s mobile app, has the potential to unlock a whole variety of different...

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Fidelis Vulnerability and Trends Report – Q2 2021

At Fidelis Cybersecurity®, our Threat Research team continuously monitors the current threat landscape to provide coverage and vigilance on the most menacing vulnerabilities. Our Real-Time Vulnerability Alerting Engine harnesses public data and applies proprietary data analytics to cut through the noise and get real-time alerts for highly seismic cloud vulnerability exposures and misconfigurations—making vulnerability fatigue a thing of the past. Since its first launch at BSidesSF, we have made enormous improvements in our real-time vulnerability...

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Amazon penalized 746m Euros over Data Security in UK

Amazon, the American retail giant, has been slapped with a penalty of 746 million Euros($849 USD) for using its consumer data for ad targeting without permission of the populace of Luxembourg—a small European country surrounded by Belgium, France and Germany. Highly placed sources say that the Luxembourg’s National Commission for Data Protection(CNPD) pronounced the fine on July 16th,2021 on the Retailing giant for not complying with the EU General Data Protection Regulation(GDPR). The Jeff Bezos led company confirmed the news through its SEC filing...

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DarkTrace Cyber Protects Fashion retailer Ted Baker

Cyber Security firm DarkTrace that uses the technology of Artificial Intelligence to track down cyber threats is nowadays busy protecting the computer network of British Fashion retailer Ted Baker. Britain-based luxury clothing designer & lifestyle service offering company says that DarkTrace has thwarted most of the weekly cyber attacks that include 200 targeted hacks such as spear phishing emails targeting high-level executives and cyber campaigns that help steal critical data from companies. Ted Baker announced an official note DarkTrace...

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How to thwart phone hackers

Many of you might search for tips that help in keeping phone hackers at bay. So Angus King, the member of secretive Senate Intelligence Committee, is giving advice that could help in keeping a cellphone secure and away from prying eyes. The tip is to switch off the phone and wait for a minute and then turn it on! Well, this might sound naïve to some people. But Sen. Angus King insists that following this age old technique can help keep hackers away from stealing info from smart phones. Sen. King insists that the regular restart of phone doesn’t...

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Six existential threats posed by the future of 5G (Part Two)

The COVID-19 pandemic has made it explicitly clear to many of us just how important connectivity is in our daily lives. With the introduction of lockdowns across the globe, our reliance on internet networks to work remotely, call relatives across seas, or even to take part in leisure activities via a screen has soared. As such, the demand for a network that can handle more users, with more devices, has never been greater. Luckily, with 5G, we have the infrastructure available to address this. However, certain challenges remain in securing this...

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How Digital ID can help citizens access government services from anywhere

Over the last 18 months, the digitalisation of public and private services has accelerated like never before. Due to limitations on physical contact and lockdowns around the globe, citizens – often out of necessity – have had to turn to the digital equivalent of services they previously accessed in person. From internet banking to filling out tax returns online, the pandemic has acted as a catalyst for a wholesale change in consumer behaviour.  Even as we...

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Death Kitty Ransomware and BlackMatter Ransomware details

Death Kitty Ransomware that targeted South African Port Transnet has disrupted the networks, forcing the company to declare Force Majeure at Container Terminals and Cargo shifting, forcing the staff to switch to manual paper and pen work. According to a report, CrowdStrike Holdings Inc has confirmed that the malware that hit the South African port was the ransomware strain known as Death Kitty, Hello Kitty or Five Hands. And the said strain also hit Poland-based video game producer CD Projekt and SonicWall Products early this year. Reports are...

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Hackers Cyber Attack UK Aerospace Company by posing a beautiful Aerobics instructor

According to a report from Sky News, a UK based Aerospace company was targeted by a phishing attack, where a top official from the company was befriended by an Iranian hacker in disguise of a beautiful Aerobics Instructor named Marcella Flores. The highlight of this saga was that the hacker siphoned some classified documents related to the company that included fighter jet designs and some information related to the control and management of the fighter jet. In a separate incident, intelligence forces from UK accessed classified documents from...

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Upgrade to BIG Iron for better Cloud, AI and security support on IBM

The Big Iron OS of IBM was upgraded a short while ago to address all issues related to provisioning and use of Linux applications and utilities. The move should attract new enterprise customers who were looking for an all-inclusive mainframe cloud platform that offers utmost security and AI application development and support. IBM’s latest z/OS V2.5 operating system was also induced with added capabilities that support extreme transnational and batch workloads running on containers, AI and security. As enterprises are busy in developing existing...

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The Bitglass Blog

Why are CIOs and IT organizations prioritizing investment in cloud infrastructure? The answer is simple: to better support virtual workforces, supply chains, and partners. Getting the most value out of legacy systems typically involves integrating them with cloud infrastructure and apps. As a result, cloud infrastructure in IaaS is projected to see an end-user spending increase of 38.5% this year alone – growing to $223B in 2025, making it one of the fastest growing cloud services according to Gartner. Popular infrastructure services include Amazon’s...

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