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Bank Info Security 1 year, 1 month ago

UAE Central Bank Tells FIs to Drop SMS, OTP Authentication

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 5 Jun 2025, 11:00 a.m. Authentication Banking Compliance Email Finance Fraud SMS United Arab Emirates
Bank Info Security 1 year, 3 months ago

CISOs' Challenge: Securing MFA Adoption With Risk Messaging

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.

Bank Info Security 28 Mar 2025, 7:30 a.m. Adoption Artificial Intelligence Australia Authentication CISO Compliance Impersonation MFA Phishing SMS Vulnerability