Security
Asian Firms Are Quick to Embrace Zero Trust Security Framework, Okta Survey Says
Over the past year, organisations in Asia have embraced the zero trust security framework at a fast pace, recognising the need to upgrade their IT security strategy to address the ongoing digital shift, according to a new survey by Okta,
Read More
Here Are 9 Key Pains Points Up-And-Coming Fintechs Should Look Out For
In a fintech startup’s race to scale up, they will face challenges across many fronts, including improving product profitability, recruiting and retaining talent, managing risks as well as complying with regulations. In this article, Oracle NetSuite addresses the 9 key emerging
Read More
Top Three Digital Fraud Prevention Trends for 2022
2021 was another memorable year. Organisations that built remote processes in response to the pandemic have spent the past year optimising and strengthening their systems to ensure a positive and secure customer experience. However, with identity theft, payment fraud, phishing,
Read More
How Can Financial Institutions Put a Stop to Account Takeover Attacks
Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO) fraud is one of the top causes of fraud losses for banks and financial institutions. An account takeover occurs when
Read More
PLDT and Smart Secure Online Transactions With Vesta’s Anti-Fraud Tools
Philippines’ telecommunications company PLDT and its wireless unit Smart Communications announced that they are utilising Vesta’s anti-fraud solutions to enhance the protection of their online transactions. Vesta is an end-to-end transaction guarantee platforms for online purchases, and its anti-fraud solution
Read More
4 Priorities for Banks to Secure Digital and Mobile Channels
During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this trend
Read More
Stronger Mobile Application Security Is the Key to Revenue Growth
Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the
Read More
Philippines Must Not Overlook Fraud Prevention in It’s Financial Inclusion Journey
Digital technologies and online platforms can help emerging markets advance financial inclusion by providing banking services to Gen Z’s, low-income households, and small businesses with typically little to no access to traditional financial institutions. But while unbanked populations can benefit
Read More
FICO Survey Indicates Growing Awareness of Identity Theft Among Filipinos
FICO, a global analytics software firm, did a recent survey on identity proofing and digital banking which showed that identity theft is a tangible threat for people in the Philippines. This survey was conducted in January 2021 by an independent
Read More
Fintech Alliance.ph Urges the Public to Be on High Alert Due to Rising Cybercrimes
Members of Fintech Alliance.ph issued a joint statement strongly urging the public, industry stakeholders, and the government to join hands in fighting against fraudulent and criminal financial transactions online. With the COVID-19 pandemic accelerating the digital shift in financial transactions
Read More