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Fortifying fintech: What you need to know about cybersecurity

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Manage episode 384837972 series 2505003
Content provided by Currencycloud. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Currencycloud or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Cyberattacks are on the increase, with bad actors proliferating around the world. By the end of 2023, according to Cybercrime magazine, hackers will have caused $8 trillion in global damages. In 2022, Moody’s listed banks as being at high risk of attack, and Fintech is also in the firing line.


Financial firms hold extremely sensitive data on millions of customers, and vulnerabilities can be exploited for lucrative ransoms. Fintech is meant to be the ‘tech-savvy’ cousin of traditional finance. It’s innovative, fast-moving, and often API and cloud-driven. But how secure is it? Is the industry doing enough to protect the consumers and businesses that rely on these products?


In the latest episode of Payments Innovation, Cara Hayward, Director of Strategic Partnerships for North America, Currencycloud and Visa Cross-Border Solutions, spoke with Fraser Scott, VP of Product at threat modelling platform IriusRisk, to find out more.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

226 episodes

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iconShare
 
Manage episode 384837972 series 2505003
Content provided by Currencycloud. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Currencycloud or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Cyberattacks are on the increase, with bad actors proliferating around the world. By the end of 2023, according to Cybercrime magazine, hackers will have caused $8 trillion in global damages. In 2022, Moody’s listed banks as being at high risk of attack, and Fintech is also in the firing line.


Financial firms hold extremely sensitive data on millions of customers, and vulnerabilities can be exploited for lucrative ransoms. Fintech is meant to be the ‘tech-savvy’ cousin of traditional finance. It’s innovative, fast-moving, and often API and cloud-driven. But how secure is it? Is the industry doing enough to protect the consumers and businesses that rely on these products?


In the latest episode of Payments Innovation, Cara Hayward, Director of Strategic Partnerships for North America, Currencycloud and Visa Cross-Border Solutions, spoke with Fraser Scott, VP of Product at threat modelling platform IriusRisk, to find out more.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

226 episodes

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