In JPMorgan Chase’s 2018 annual report, CEO Jamie Dimon states in a widely read letter to shareholders the following. “The threat of cybersecurity may very well be the biggest threat to the U.S. financial system.” In April 2019, five of seven CEOs from the largest U.S. banks testified during House Financial Services Committee and claimed … Read More
Posts in "Financial Services"
The moving target of regulatory compliance rarely slows down. Now, banks have yet another target to aim for: PSD2. The European Commission’s Revised Payment Services Directive, PSD2, regulates payment services and payment service providers (PSPs) such as banks. In fact, PSD2 applies any kind of business providing electronic and non-cash payments, including mobile and online payments, … Read More
Zimperium Webinar: Real World Examples of Defending Against Mobile Threats at Two International Financial Services Firms
Webinar reveals how financial services firms can protect customers with mobile threat defense. Zimperium is providing customers, media and the general public with a live webinar in which they will learn about the threats two of Zimperium’s international banking customers encountered. The webinar will review how those threats, if gone undetected, can access highly sensitive … Read More
Back in April of 2017, researchers discovered a new form of Android-targeting malware using fake overlay screens to mimic existing banking apps and steal user credentials. Distributed as benign apps in Google Play, BankBot-infected apps were posing as 20 entertainment and mobile banking apps. This first version of BankBot targeted a small number of institutions. In October … Read More
Financial companies see mobility as a competitive frontier for their business, and rightfully so. A superior mobile experience now does more to differentiate a bank than 1000 physical branches. As we’ve said before, killer banking apps are valuable assets to financial institutions, as customers expect to handle almost every aspect of managing money on the … Read More