New iOS 12 Feature Risks Exposing Users to Online Banking Fraud

Security Code AutoFill is a new feature for iPhones in iOS 12. It is supposed to improve the usability of two-factor authentication, but could expose users to online banking fraud by removing the human validation aspect of the transaction signing/authentication process. Two-factor authentication (2FA), which is often referred to as two-step verification, is an essential element of many security systems,… Read more

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A famous Warren Buffet quote starts with this statement, “It takes 20 years to build a reputation and five minutes to ruin it…” For financial institutions, few things are as potentially damaging as customers suffering losses because of social engineering schemes. These types of attacks undermine consumer confidence in a bank’s brand, put customers at great risk of financial loss,… Read more

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SPAM / Phishing

SPAM does not really need an introduction. Everyone knows those more than unwanted e-mails and everyone hates them. The phishing phenomenon, though, might need a few words. Undoubtedly you and your employees have already been the luckiest people on earth inheriting an enormous amount of money from your long lost Nigerian uncle who has, unfortunately, passed away. You only have… Read more

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