As financial institutions fend off cyber attacks, experts say banks are vulnerable because they lack technologies that could be deployed to ensure transactions and customers’ assets are safe. Speaking at a financial services cyber security workshop held in Lagos, Managing Director, ActivEdge Technologies, George Agu, said it is time banks deploy zero trust security to […]
In this webinar we will showcase how to: – Empower your team to respond faster and more efficiently to cyber-threat. – Bridge silos between security and IT teams. – Proactively manage indicators of compromise. – Keep up with the complex regulatory environment and meet the notification requirements.
CISOs have the toughest jobs in tech. It’s your mission to protect your organization and stay ahead of cybercrime to ensure the business thrives. Easier said than done, especially with the growing cybersecurity skills gap. Even with a large security team, investigating and uncovering the right security events can be a challenge. You need a […]
The newest feature of the QRadar Security Intelligence Platform, User Behavior Analytics (UBA), is an innovative security technology that helps you identify and respond to advanced threats in your network. QRadar UBA features a new interface that detects anomalies and helps you build a picture of normal activity for each user based on unique attributes […]
Businesses today face a lot of threats from cyber criminals. With over 20 billion devices to protect globally, IT and security teams are finding it ever more difficult to keep up with fixing new and existing vulnerabilities. This gap has resulted in data breaches, ransomware attacks, compliance fines, and sometimes financial loss. With a whopping […]
Risk lurks behind every decision and action in the business world. The possibility of unexpected outcomes and undesirable effects is a constant shadow that decision-makers must face. How do they navigate the fear of the unknown and the absence of certainty? The answer lies in risk management. Risk management is a proactive approach to identifying, […]
Account Takeover Fraud (ATO) attacks have doubled in the past 2 years. Fraudulent logins account for more than 65% of fraudulent activities in the Nigerian financial ecosystem (Nibbs, 2019). Credential stuffing attacks are at all-time highs, costing the banking industry well over N15.5 billion over the past 4 years (StearsBusiness, March 2022). A majority of […]
ATM Dispense Error Manager Saves Losses and Improves Customer experience from Failed ATM Withdrawals
What if your Bank could monitor and proactively reverse failed customer ATM withdrawals without requiring the Customer to walk into the Bank Branch to lodge failed ATM complaint? What if you could effectively prevent such incidents from hampering your relationship with your customers, earning their solid confidence in your bank’s product offerings? While this sounds […]
In the last three years, AI-driven fraud detection and prevention has become increasingly prevalent in the financial ecosystem. A high total of thirty-three thousand, six hundred and forty-one (33,641) cases of fraudulent activities were reported in the second quarter alone of 2021 (NIBBS second quarter fraud report,2021). Although there has been a 43.41% decrease in reported fraud […]