ECB cyber stress test shows need for improvement
The European Central Bank said Friday its first-ever test of lenders’ response to a cyberattack revealed some deficiencies that eurozone…
Tag: banks
Banks in a bind over Trai mandate on digital consent
Banks are grappling with new regulations from the Telecom Regulatory Authority of India (Trai) requiring digital consent for commercial communication.…
Banks scanning proprietor A/Cs to spot ‘money mules’
Banks intensify scrutiny on new accounts to combat mule activities, adapting to evolving fraud tactics like forming private companies. Vigilant…
Banks told to stay vigilant amid intel on cyberattack threat
Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment…
Singapore highlights banks as posing highest money laundering risk
Since the money laundering case emerged last year, the government has set up an inter-ministerial panel to review the anti-money…