McAfee CEO Peter Leav to step down
Cybersecurity firm McAfee Corp appointed consumer tech veteran Greg Johnson as chief executive officer. He has been appointed succeeding Peter Leav who will step down. Johnson’s appointment comes as part of McAfee’s dive into a pure-play consumer protection company. This began following the divestment of its enterprise security business in 2021. Under Leav’s leadership, the […]
KKR to buy cybersecurity firm Barracuda
KKR & Co Inc said that it plans to buy cybersecurity firm Barracuda Networks from its private equity owner Thoma Bravo, highlighting continued interest in cybersecurity businesses from buyout firms. The announcement, did not disclose financial terms. The deal valued California-based Barracuda Networks at about $4 billion, including debt. Dealmaking in cybersecurity has jumped in recent […]
Tackling middle east cybersecurity threat to meet data sovereignty rules
Throughout the Middle East, the influence of digital transformation on social infrastructure, public services and the financial sector has transformed citizen’s lives, but the flipside to this is an increased exposure to cyberattacks. In June of last year, the UAE’s National Computer Emergency Response Team repelled more than 100,000 cyberattacks against Federal Government entities in […]
How financial institutions can protect against the cyberattacks
As banks were predominately where the money was, in our digital age, the modern criminal can steal vast quantities of money armed with little more than a laptop and an internet connection. The cybertheft market is now believed to be worth in excess of a trillion dollars globally. These types of crimes are safer, more lucrative, and thanks to the challenges with attribution, apprehension […]
Asian bank’s trials with tokenized securities stuck in silos – industry body
Asian financial regulators should do more to support large-scale trials of tokenized securities, said an industry body. This is because banks and technology firm’s current experiments are stuck in different silos and that hinders the pace of change. Tokenized securities are products like shares and bonds. Their ownership proof is recorded on a distributed ledger. […]
White House warns companies to setup cybersecurity
The White House warned corporate executives and business leaders to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a meatpacking company and a southeastern oil pipeline. The ransomware attack has been significantly increased in recent days, said Anne Neuberger, cybersecurity adviser at the National Security Council. As the threats are […]
Keeping up with the pace of technological change
Across the global industries, the financial services sector is amongst the most structured frameworks. Guaranteeing acquiescence is a progressively compound responsibility, and firms have not been short of trials offered by factors such as Brexit laws impacting on the flow of data between the UK and the EU. The overview of GDPR in 2018 has […]
Cyber-crimes and Island hopping
The contemporary bank heist has intensified to a captive condition over the past year. The novel goal of invaders is now to take over a commercial institution’s digital infrastructure and to control the organization against a bank’s citizens. As the world loosened to an anywhere labor force amongst the pandemic, we observed the invader strategy […]
Cyber Securities Resolutions for the year 2021
Following the events of 2020, retaining the customer trust has never been this important and at the same time so difficult. With the wide range of changes in the working patterns like mass mitigation to remote working has made the task of keeping the job secure difficult. Juggling between the sophisticated cyber criminals and the […]
Fintechs on the verge of making secure work systems!
As working from home being the new normal now and financial industry’s senior leaders are wanting confidence from their employees that the information will remain secure since the discussions of work are happening online. As a part of cyber security strategy for the year 2021 , 50 percent of UK organizations wants Cyber security to […]