Fintech Today
Subscribe
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Vegetation
    • All
    • Ecosystem
    • Farming
    • Forest
    • Tropical

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Getting a flu ‘shot’ could soon be as easy as sticking on a Band-Aid

    Gecko-inspired robot grippers could grab hold of space junk

    Carved human skulls found at ancient worship center in Turkey

    Magical fish basically has the power to conjure its own Patronus

    Sound-reflecting shelters inspired ancient rock artists

    Every breath you take contains a molecule of history

    Trending Tags

    • Large Hadron Collider
    • Future of Medicine
    • climate change
    • Sustainability Ecosystem
    • Science Research
    • Flat Earth
  • Health
    • All
    • Biomedical
    • Medicine
    • Psychology
    • Surgery

    The moon might have had a heavy metal atmosphere with supersonic winds

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Getting a flu ‘shot’ could soon be as easy as sticking on a Band-Aid

    Gecko-inspired robot grippers could grab hold of space junk

    Trending Tags

    • Flat Earth
    • Robotics Science
    • Nanotechnology
    • Global Warming
    • Future of Medicine
  • Biology
    • All
    • Animal
    • Evolution
    • Genetics
    • Organism

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Getting a flu ‘shot’ could soon be as easy as sticking on a Band-Aid

    Chronic flu patients could be an early warning system for future outbreaks

    Floral curve test shows what’s great for a moth is not so good for a flower

    Magical fish basically has the power to conjure its own Patronus

    Sound-reflecting shelters inspired ancient rock artists

    Every breath you take contains a molecule of history

  • Art & Culture
    • All
    • Imagination
    • Modernism
    • Museum
    • Symbolic

    The moon might have had a heavy metal atmosphere with supersonic winds

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Gecko-inspired robot grippers could grab hold of space junk

    Carved human skulls found at ancient worship center in Turkey

    Chronic flu patients could be an early warning system for future outbreaks

    Floral curve test shows what’s great for a moth is not so good for a flower

    Magical fish basically has the power to conjure its own Patronus

    Trending Tags

    • Nanotechnology
    • Global Warming
    • climate change
    • Flat Earth
No Result
View All Result
Fintech Today
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Vegetation
    • All
    • Ecosystem
    • Farming
    • Forest
    • Tropical

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Getting a flu ‘shot’ could soon be as easy as sticking on a Band-Aid

    Gecko-inspired robot grippers could grab hold of space junk

    Carved human skulls found at ancient worship center in Turkey

    Magical fish basically has the power to conjure its own Patronus

    Sound-reflecting shelters inspired ancient rock artists

    Every breath you take contains a molecule of history

    Trending Tags

    • Large Hadron Collider
    • Future of Medicine
    • climate change
    • Sustainability Ecosystem
    • Science Research
    • Flat Earth
  • Health
    • All
    • Biomedical
    • Medicine
    • Psychology
    • Surgery

    The moon might have had a heavy metal atmosphere with supersonic winds

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Getting a flu ‘shot’ could soon be as easy as sticking on a Band-Aid

    Gecko-inspired robot grippers could grab hold of space junk

    Trending Tags

    • Flat Earth
    • Robotics Science
    • Nanotechnology
    • Global Warming
    • Future of Medicine
  • Biology
    • All
    • Animal
    • Evolution
    • Genetics
    • Organism

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Getting a flu ‘shot’ could soon be as easy as sticking on a Band-Aid

    Chronic flu patients could be an early warning system for future outbreaks

    Floral curve test shows what’s great for a moth is not so good for a flower

    Magical fish basically has the power to conjure its own Patronus

    Sound-reflecting shelters inspired ancient rock artists

    Every breath you take contains a molecule of history

  • Art & Culture
    • All
    • Imagination
    • Modernism
    • Museum
    • Symbolic

    The moon might have had a heavy metal atmosphere with supersonic winds

    The blue wings of this dragonfly may be surprisingly alive

    Petunias spread their scent using pushy proteins

    Horse version of ‘Who’s your daddy?’ answered

    Gecko-inspired robot grippers could grab hold of space junk

    Carved human skulls found at ancient worship center in Turkey

    Chronic flu patients could be an early warning system for future outbreaks

    Floral curve test shows what’s great for a moth is not so good for a flower

    Magical fish basically has the power to conjure its own Patronus

    Trending Tags

    • Nanotechnology
    • Global Warming
    • climate change
    • Flat Earth
No Result
View All Result
Fintech Today
No Result
View All Result
Home Bankingtech

Is Unregulated Fintech Safe from Cyberattacks?

by Jackie Davis
March 26, 2019
in Bankingtech, Featured
0
fintech
Share on FacebookShare on Twitter

Throughout the financial industry, banks and financial institutions are putting fintech to work to create a streamlined, customer-focused experience. Although fintech is delivering on this promise, it is plagued by cyberattacks and bad actors looking to get their hands-on confidential information. Is fintech safe for its users? With attacks compromising passwords and customer funds, lawmakers are looking to regulate the technology in hopes to keep data safe.

Fintech & National Security

Fintech not only brings new opportunities for the financial industry but national security vulnerability for the United States. If fintech is left unregulated, threats could quickly overtake the technology – turning from a strength into a vulnerability. Fintech offers mobile payments, easier access to financial tools, and better fraud detection, but it has its risks too.

Last year, a woman in New York was convicted of using Bitcoin as part of a money-laundering scheme to send over $150,000 to bad actors. This isn’t that uncommon. A Wall Street Journal investigation uncovered over $90 million in money laundering through cryptocurrency exchanges to North Korea-linked hackers responsible for the WannaCry cyberattack.

Read more here.

Security at All Levels

For bank branches, enacting a digital strategy is more important than ever before. A recent report by Tiffani Montez of the Aite Group, encourages financial institutions to reimagine the bank branch and make it a vital part of customer engagement. To do this, many banks are looking to fintech to increase their value brought by digital interactions.

Quality data “can help [financial institutions] determine whether to retain, relocate, or consolidate existing branch locations through tools that allow banking executives to analyze customer data and site characteristics that impact branch network performance,” says Montez. Customer data is also used to ensure fintech isn’t being misused, ensuring a secure environment.

Read more here.

Malware Targeting Fintech

With fintech, hacking to gain access to password, credentials, and other confidential information is of great concern to lawmakers. Cardinal RAT, a malware targeting fintech and cryptocurrency companies, remained undetected for two years before being discovered in 2017, but this discovery hasn’t slowed down the number of cyber attacks deployed by the malware.

The malware collects usernames, passwords, and screenshots of customer activity, enabling the hacker to easily access an account. Cardinal also self-updates to remain on the machine it has infested and can hide its tracks by clearing cookies and deleting information once the information has been stolen.

Read more here.

Interested in learning more about fintech and security? Stay tuned for coverage of the ACAMS conference, subscribe today.

Tags: Aite GroupbitcoinCardinal RATcyberattackFintechfraudmoney launderingnational securityWall Street Journal
Advertisement Banner
Next Post
AML

AI and ML and Changing the AML Landscape

customer experience

Customer Experience, a Top Concern for Consumers, Evolving Financial Institutions

AI Technologies

AI Technologies Main Focus at ACAMS for U.S. Department of Treasury

Recent News

FSI organizations

Can AI Solve the Personalization Dilemma for the FinServ and Insurance sector?

January 21, 2021
UnitedHealthcare

UnitedHealthcare Survey Finds Consumers Turning to Digital for Insurance Information

January 13, 2021

Category

  • Animal
  • Bankingtech
  • Biomedical
  • COVID-19
  • Customer Engagement
  • cyber insurance
  • cyber security
  • data
  • Ecosystem
  • Editor's picks
  • Evolution
  • Farming
  • Featured
  • FinTech
  • Forest
  • Genetics
  • Imagination
  • Insuretech
  • Medicine
  • Modernism
  • Museum
  • Organism
  • Paytech
  • Psychology
  • Resources
  • Surgery
  • Symbolic
  • Tropical

Site Link

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2017 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Vegetation
    • Forest
    • Farming
    • Forest
    • Ecosystem
  • Biology
    • Animal
    • Evolution
    • Organism
    • Genetics
  • Health
    • Psychology
    • Surgery
    • Biomedical
    • Medicine
  • Art & Culture
    • Modernism
    • Museum
    • Symbolic
    • Imagination

© 2017 JNews - Premium WordPress news & magazine theme by Jegtheme.