Since smartphone, tablet, and laptop usage is continuously expanding in the business landscape, enterprises have become aware of cyber-attacks. Mobile devices in business aren’t just used to communicate with customers, but they’ve evolved into sound and video recorders, data storage devices, and a passageway to access bank accounts. Mobile attacks…

The banking industry has become a complex mixture of apps assembled by third parties, giving users plenty of services but opening a front door for cybercriminals seeking access into bank networks, especially ASEAN banks. IT and security professionals have gone to considerable lengths over the past decade to protect bank…

Data security threats are evolving rapidly, and defenses against them should evolve as well. A risk assessment is a vital key to ensuring an organization is protected and well-prepared against potential threats. While there are a number of different tools and technologies that can help protect an organization from data…

Digitalization is in full swing in the fintech, eWallet providers, and banking industry, and it’s brought along numerous benefits to financial institutions. Lack of security is a significant problem for all apps; however, mobile banking — possibly the most valuable innovation from the audience’s perspective — comes with a wide…

Digitalization has become the new norm in today’s modern world and makes financial services more convenient and accessible. All economic agents and businesses, especially banks and financial institutions, are experiencing a revolutionary process of digitalization. …

The inability of the fintech/mobile banking industry and eWallet providers to efficiently track the mobile money ecosystem has skyrocketed the possibilities of mobile fraud. The significant increase in mobile app users over the past two years has been met with an immense increase in mobile fraud since hackers rush to…

Malware has become a key ingredient in every cybercriminal’s toolkit. While mobile malware poses a potential threat to every mobile application, banking apps are without doubt, the prime target of mobile malware. As the number of attacks against banking apps continues to grow, so too does the need for capable…

OWASP is a globally recognized institution which is solely focused on the development of open source projects in web application security. The organization is a community-based effort. The need for OWASP was recognized in the late 90s when it became apparent that there was no central place to obtain trusted…

In today’s modern world, the accelerating usage of mobile devices for manipulating, storing, and transporting sensitive corporate or personal data has become inevitable. Advanced technology has already opened up multiple levels of data breaches, which is posing a significant impact on financial industries. For businesses, their app’s security is one…