Security

4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this trend

Read More

Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the

Read More

Experts Warn of Increased Cyber Risks in The Insurance Sector

The COVID-19 pandemic has sped up digital transformation and accelerated the shift to digital channels, introducing new cyber risks which insurance companies need to manage and mitigate, insurers and cybersecurity experts said during a virtual panel discussion. Simon Chandran, Financial

Read More

Livi Bank First in Hong Kong to Roll Out Mastercard’s Tokenised Payments

Hong Kong virtual bank livi announced an expansion of its collaboration with Mastercard as it became the first bank in Hong Kong to launch Mastercard Token Connect. This is a payment innovation that integrates tokenisation technology with livi’s debit card

Read More

TransUnion Study Notes Uptick in Digital Fraud Attempts in Hong Kong

TransUnion’s latest quarterly analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters in Hong Kong are increasing their digital schemes against businesses. In addition, provisional findings of TransUnion’s recent Global Consumer Pulse Study found that

Read More

Top Tips For Maintaining Safe and Secure Finances in Hong Kong

Cybercrime, hacking and online identity theft are all, unfortunately, on the rise in Hong Kong. In 2020, the number of technology-based crimes doubled to over 6,400 in just the first half of the year. These crimes had a significant impact

Read More