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Banking Sector Faces Challenges in Meeting March 2026 Compliance DeadlineThe Central Bank of UAE has issued a directive asking financial institutions to eliminate weak authentication methods including SMS and email OTPs. Banks are also expected to implement real-time fraud monitoring and suspend sessions when malicious activity is detected.

AICD's Figueroa on Business-Focused Communication for Authentication ProgressModern phishing tactics now leverage voice, SMS and AI-powered impersonation, yet many Asia-Pacific organizations continue relying on vulnerable single-factor authentication, said Marco Figueroa, senior manager of cyber security, risk and compliance at the Australian Institute of Company Directors.

LexisNexis Combines AI-Driven Document Authentication With Its Fraud SolutionsTo counter AI-driven fraud, LexisNexis acquired IDVerse, a London-based startup focused on document authentication and regulatory compliance. This acquisition aims to seamlessly integrate advanced tools into LexisNexis' fraud and identity platforms, enhancing global operations.