Cyber Threats Surge in India’s Financial Sector - Fintech Singapore

CISA Issues Enhanced Guidance to Mitigate Cyber Threats to Operational Technology Systems | Alston & Bird Privacy, Cyber & Data Strategy Blog

Overview On May 6, 2025, the Cybersecurity and Infrastructure Security Agency (CISA), in coordination with the FBI, Environmental Protection Agency (EPA), and Department of Energy (DOE), issued a joint fact sheet titled “Primary Mitigations to Reduce Cyber Threats to Operational Technology.” The document highlights priority actions that owners and operators of Operational Technology (OT) systems […] The post CISA Issues Enhanced Guidance to Miti…

1,055% surge in unauthorised SIM swaps as mobile and telecoms sector hit hard by rising fraud

Cifas, the UK’s leading fraud prevention service, has today raised the alarm on SIM swap fraud, with cases surging by 1,055% in 2024. The stark warning comes as part of the organisation’s annual Fraudscape report, which paints a grim picture of escalating threats across the mobile and telecoms sectors. Nearly 3,000 cases of unauthorised SIM swaps – where criminals hijack a victim’s mobile number by porting it to a new SIM without their consent –…

The Bank of Israel is issuing a serious warning about a significant increase in the volume of financial fraud expected in the coming year, 2025. A survey conducted by the Banking Supervision Department indicates that the banking system in Israel expects that the upward trend in fraud, which has been observed in recent years, will continue and even increase significantly in the coming year. The main concern that the bank emphasizes is the expecte…

Cyber Threats Surge in India’s Financial Sector - Fintech Singapore

Cyber threats have become an immediate and inescapable reality for India’s banking, financial services and insurance (BFSI) industry. In 2024, the sector witnessed a surge in the sophistication, scale, and diversity of cyberattacks, with phishing attacks, deepfakes and tech vulnerabilities emerging as key threat vectors and attack techniques, according to a new report by the Indian Computer Emergency Response Team (CERT-In), the Computer Securit…