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NatWest online banking crashes again
UK bank NatWest, part of the RBS group, has suffered another online banking crash which has affected thousands of users. The latest IT failure comes only six weeks after the bank suffered a crash that caused over 600,000 transactions and hundreds of thousands of pounds in payments to go missing. The bank’s IT team is [...]
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The economics of hacking
After a series of high-profile hacking attacks, many companies are considering more aggressive tactics to fight back against cyber crime, including “active defence” strategies. The most controversial is “hacking back” against cyber criminals, which is against US law and, according to several bank officials, a bad idea because of the difficulty in definitively identifying culprits. [...]
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ING Bank launches voice biometric payment system
While banking customers have already been able to use the voice control mode on the ING Netherlands app, now they can also make voice-activated payments leveraging voice biometric technology. A smart alternative to PINs and passwords, voice biometrics makes mobile banking easier in the ING Netherlands mobile banking app. Over 100,000 ING Netherlands’ customers already [...]
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Cyber security: When 95% isn’t good enough
According to a very interesting article in the FT – two weeks after hackers broke into Sony Pictures’ computer systems, deleting important company files and exposing embarrassing emails, technology experts at some of the world’s largest financial institutions decided to run an experiment. They took copies of the “malware” — malicious strands of computer code [...]
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Cyber attack Open Threat Exchange sharing platform
Banking bosses say that a cyber attack is among their biggest fears, with nearly 80% of chief executives of financial services firms worrying about this potential risk. But five months after the world’s biggest bank raid – where cyber criminals stole £650m from financial firms around the world – is the FS sector doing enough [...]
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