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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.

Bank Info Security 1 year, 3 months ago

Fraud in Your Inbox: Email Is Still the Weakest Link

At-Bay Cyber Insurance Claims Report Finds 83% of Financial Fraud Starts With EmailFinancial fraud remains the leading driver of cyberinsurance claims, with 83% of cases traced back to email-based attacks. Common tactics used to deceive employees include wiring funds to fraudulent accounts, generative AI-crafted emails, executive and vendor impersonation and BEC scams.

Breach Affects Pediatric, Orthodontic and Dental Surgery Practices in 6 StatesA Nashville, Tennessee firm that provides HR and finance services to dozens of specialty dental practices across six states is notifying more than 173,400 people of a 2024 email hacking incident affecting children and other patients. The company already faces several lawsuits related to the breach.