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By 2025, women are expected to comprise 30% of the global cybersecurity workforce, with projections rising to 35% by 2031. One solution emphasized during the event was the critical role of mentorship and supportive networks in empowering women within cybersecurity. But we must do even more,” said H.E.
From AI models that boost sales to robots that slash production costs, advanced technologies are transforming both top-line growth and bottom-line efficiency. Business leaders dont need to be technology experts to grasp this shift; they need vision and urgency. Pharma and agriculture companies now leverage AI and gene-editing (e.g.,
Beyond Bank Australia is one of the largest customer-owned banks in Australia and one of the leading B Corps in the country. Beyond Bank has a real focus on customers who are the members and owners of the bank. Beyond Bank has a real focus on customers who are the members and owners of the bank.
Traditional security approaches have become unsustainable for technology leaders navigating todays complex threat landscape. Information risk management is no longer a checkpoint at the end of development but must be woven throughout the entire software delivery lifecycle.
The pandemic has led to new data vulnerabilities, and therefore new cyber security threats. As technology leaders, it's time to rethink some of your product security strategy. By understanding the latest threats and their solutions, you can come out of this crisis stronger than ever--without breaking the bank.
In today’s rapidly evolving technological landscape, the role of the CIO has transcended simply managing IT infrastructure to becoming a pivotal player in enabling business strategy. With this information, IT can craft an IT strategy that gives the company an edge over its competitors.
Like other data-rich industries, banking, capital markets, insurance and payments firms are lucrative targets with high-value information. Conversely, threat actors – from cybercriminals to nation-states – are harnessing AI to craft more sophisticated attacks, automate their operations, and evade traditional security measures.
But Florida-based Brown & Brown Insurance put old-school conventions to the test when it joined a growing cadre of leading organizations remodeling IT to reflect the pervasive role of technology in business transformation. While there is no one-size-fits-all model, IT leaders are well situated to orchestrate organizational change.
The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. Looking ahead to 2025, Lalchandani identifies several technological trends that will define the Middle Easts digital landscape.
The United States has been trying to counteract the popularization of technological solutions from China for years, often taking steps that are contrary to the development of an open market. China is pushing the boundaries of its own AI development every few weeks, and its results are already a serious threat to Western technology.
Security is finally being taken seriously. AI tools are starting to take the load off of security specialists, helping them to get out of firefighting mode. Regardless of generative AIs long-term promise, we expect some disillusionment to set in, especially among those who havent properly understood the technology or its capabilities.
Yoav Leitersdorf is the Silicon Valley-based managing partner at YL Ventures, where he accelerates cybersecurity startups in the U.S. Israel’s cybersecurity startup scene spawned new entrants in 2019. A look back at the Israeli cybersecurity industry in 2018. More posts by this contributor. Michael Cortez. Contributor.
Preventing BEC scams Implementing the right technology is critical in preventing BEC scams. Many businesses are now requiring employees to update payment information through secure portals rather than relying on email communications, which reduces the chance of falling victim to an attack.
Looking ahead to 2025, what do you see as the key technology trends that will shape the Middle Easts digital landscape? By 2025, several key technology trends will shape the Middle Easts digital landscape. Cybersecurity will be critical, with AI-driven threat detection and public-private collaboration safeguarding digital assets.
ADIB-Egypt has announced plans to invest 1 billion EGP in technological infrastructure and digital transformation by 2025. This ambitious initiative is poised to position ADIB-Egypt at the forefront of the digital banking revolution, transforming how customers interact with their financial services.
Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly is digitizing the informal thrift collections system known with different names such as esusu or ajo in Nigeria. In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline.
Financial Institutions Are Facing Growing Security Challenges Financial organisations face unprecedented cybersecurity challenges that threaten their operations, reputation and customer trust. Together, Palo Alto Networks and IBMs experts share their top cybersecurity considerations in a new, compelling vodcast series.
Different demographics often have different banking needs. So it’s no surprise that we have seen a flurry of financial technology startups offering banking services catered to certain populations based on factors such as age and ethnicity. Like many fintechs, Charlie is not a bank — its banking partner is Sutton Bank.
Long before the pandemic, the way in which banks were regulated was changing. Initiatives like Open Banking and the Revised Payment Services Directive (PSD2) were being proposed as a way to promote competition in the banking industry — allowing smaller challenger firms to break into a market that has long been dominated by corporate titans.
In an era where technology reshapes entire industries, I’ve had the privilege of leading Mastercard on an extraordinary journey. When I think about the technology we started working with early in my career and look at what we’ve been able to do since, it truly is amazing, a global transformation led by and driven through technology.
To overcome those challenges and successfully scale AI enterprise-wide, organizations must create a modern data architecture leveraging a mix of technologies, capabilities, and approaches including data lakehouses, data fabric, and data mesh. Before we go further, let’s quickly define what we mean by each of these terms.
Cybersecurity and systemic risk are two sides of the same coin. Although it was not a security event, the symptoms and responses all fall into the various categories of the cybersecurity program for any company. Systemic risk and overall cybersecurity posture require board involvement and oversight.
In modern business, cybersecurity is not merely a technical concern but a crucial financial safeguard. With cyber threats growing in sophistication and frequency, the financial implications of neglecting cybersecurity training are severe and multifaceted. The average cost of a data breach ballooned to $4.88
As civilization advances, so does our reliance on an expanding array of devices and technologies. Let’s talk about strengthening the four major pillars from an attacker’s perspective, as they form the core of any organization’s security.
In a world where digital threats loom large, cybersecurity leadership has become paramount. Recognizing the crucial role of cybersecurity leaders in safeguarding the nation’s digital infrastructure, the first edition of the CSO30 Awards recently took place in Dubai, showcasing the cream of the crop in the field.
Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates).
Intro: Time was, a call center agent could be relatively secure in knowing who was at the other end of the line. And if they werent, multi-factor authentication (MFA), answers to security questions, and verbal passwords would solve the issue. Often, bots are involved in this process.
In 2023, the United Arab Emirates actively repelled more than 50.000 cyberattacks daily, explained the UAE Cybersecurity Council. According to a report from Frost & Sullivan, the GCC cybersecurity industry continues to grow, with F&S estimating it to triple in value by 2030 to reach 13.4
Plus, Europol offers best practices for banks to adopt quantum-resistant cryptography. Meanwhile, an informal Tenable poll looks at cloud security challenges. government is urging software makers to adopt secure application-development practices that help prevent buffer overflow attacks. This week, the U.S.
Plus, OWASP is offering guidance about deepfakes and AI security. Those are three security measures cyber teams should proactively take in response to an ongoing and “large scale” email spear-phishing campaign targeting victims with malicious RDP files , according to the U.S. Cybersecurity and Infrastructure Security Agency (CISA).
By Leonard Kleinman, Field Chief Technology Officer (CTO) ) Cortex for Palo Alto Networks JAPAC Many things challenge how we practice cybersecurity these days. Let’s look at some of these cybersecurity challenges and how automation can level the playing field. It is still spreading, but the surprising part is MyDoom is not new.
The world must reshape its technology infrastructure to ensure artificial intelligence makes good on its potential as a transformative moment in digital innovation. New technologies, such as generative AI, need huge amounts of processing power that will put electricity grids under tremendous stress and raise sustainability questions.
We’re in publishing, but it’s the accompanying services that differentiate us on the market; the technology component is what gives value to our business.” Much of this growth is driven by investments in AI technologies, and IDC also expects cloud infrastructure spend to increase 26% compared to 2023.
What companies need to do in order to cope with future challenges is adapt quickly: slim down and become more agile, be more innovative, become more cost-effective, yet be secure in IT terms. A high-street bank in the UK shows just how necessary it is to tackle the challenges that modernisation poses systematically.
However, as ecommerce has proliferated, security threats have increased, elevating cybersecurity to a board-level concern. Early cybersecurity threats were limited in their scope and damage, but current threats can ruin a business. Worldwide responses show that attackers are increasingly able to extract more sensitive data.”
Banks are striving for digital innovation but regulatory constraints, data security and privacy concerns, integration challenges, and the high costs of enabling change prevent 70% from achieving their transformation goals. Considering the speed that technology is evolving, the alternative of standing still isnt an option.
Always on the cusp of technology innovation, the financial services industry (FSI) is once again poised for wholesale transformation, this time with Generative AI. Yet the complexity of whats required highlights the need for partnerships and platforms calibrated to fast-track solutions at scale to capitalize on AI-era change.
Or, the UK’s Financial Conduct Authority fining GT Bank £7.8m Or, Solaris , the German Bank-as-a-Service (BaaS) provider slapped with a restriction to not onboard any future clients without government approval. The opportunity for human error alone should be enough to strike fear into the heart of any bank manager.
Nexta , an Egyptian startup that plans to launch its banking app in the coming months, has secured a $3 million investment from eFinance Group, a state-owned provider of digital payments solutions. Founded by Ahmed Hisham in 2021, Nexta wants to disrupt the Egyptian fintech scene with its “next-generation banking” app and card.
a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,
In November, Google redesigned its contactless payments service Google Pay , merging the services of traditional banks with the seamless, convenient experience users expect from the likes of Big Tech. What happens when an advertising company now wants to be our bank? Traditional banks miss the digital mark. But there’s a catch.
The generative AI revolution has the power to transform how banks operate. Banks are increasingly turning to AI to assist with a wide range of tasks, from customer onboarding to fraud detection and risk regulation. So, as they leap into AI, banks must first ensure that their data is AI-ready. Generative AI, Innovation
Reliability and security is paramount. 2] For SS&C Blue Prism, the key to success in AI lies in deploying the technology holistically across the enterprise and integrating AI technologies alongside comprehensive business automation and orchestration capabilities. AI in action The benefits of this approach are clear to see.
Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.
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