Security News
Q2 fiscal 2021 financial highlights from continuing operations Net revenue was $467 million, reflecting a 22% growth year-over-year. Net Income of $108 million or a net income margin of 23%, as compared to $22 million or a net income margin of 6% in the year ago period.
Vade released its Phishers' Favorites report for H1 2021, which revealed that there has been a major jump in phishing attacks since the start of the year with a 281 percent spike in May and another 284 percent increase in June, for a total of 4.2 billion phishing emails detected by Vade for June alone. In Q2 2021, Crédit Agricole phishing URLs increased 296 percent, while La Banque Postale URLs increased 831 percent, pushing them up 18 spots to #5 on the list.
SAP announced its financial results for the second quarter ended June 30, 2021. "We're seeing strong adoption of our cloud portfolio as customers select SAP for their business transformation. Our strategy is working; This is the third straight quarter of strong execution, and we continue to deliver unparalleled customer value through the strength of our platform and applications," said Christian Klein, CEO. "This has been another strong quarter with accelerating growth for SAP's cloud portfolio. We saw excellent customer momentum and adoption and are raising our outlook for revenue and profit," said Luka Mucic, CFO. Business update second quarter 2021.
The study was conducted to provide banking, financial services, and investing/trading mobile apps with insights on the state of mobile app login authentication and the friction when a user resets their password. This surge in both fraud losses and mobile usage highlights the need of financial services companies to look to multi-factor authentication solutions that provide stronger security than passwords without interfering with a great mobile user experience, a key competitive advantage in today's app-driven world.
Thrive announces that it has acquired S7 Technology Group, an information technology services provider for the financial industry. S7 Technology Group, headquartered in Midtown Manhattan, is an SSAE 18- audited, value-driven technology firm that provides turnkey, full-service IT solutions and ongoing support to financial institutions.
Criminals targeted security gaps at financial services firms as their staff moved to working from home, according to a report issued by the international Financial Stability Board on Tuesday. Established after the G20 London summit in April 2009, the FSB makes recommendations about the global financial system and coordinates financial rules for the G20 group of nations in a non-binding way.
Safe Systems announced the availability of Information Security Program, which enables financial institutions to develop a customized, interactive and FFIEC-compliant approach to reporting, complete with notifications, reporting, collaboration, approval processes and regulatory updates. "Cyber-attacks and cybersecurity failure will continue to be a top threat facing banks and credit unions over the coming years. Our new Information Security Program is designed to help financial institutions identify and address potential weaknesses in real-time, as well as support IT disaster preparedness and regulatory compliance."
Neustar and Equifax released Financial Spectrum, an audience segmentation and media activation solution designed to meet the unique demands of financial services marketers. Financial Spectrum offers asset-based customer segmentation to financial services marketers, reducing compliance risk by leveraging actual, direct-measured financial data and no protected-class demographic variables like age or marital status.
Entrust announced that it has become a Visa Ready certified partner, offering their portfolio of Instant Financial Card Issuance solutions and expert guidance to help financial institutions create a smart, secure and convenient issuance experience for their cardholders across their branch network. As a Visa Ready certified partner, Entrust has flexible, secure and inspirational single-source instant issuance solutions that are trusted throughout the global payments ecosystem.
LexisNexis Financial Crime Digital Intelligence is a new solution that leverages digital identity data to transform financial crime compliance workflows. LexisNexis Financial Crime Digital Intelligence provides a dedicated and customized workspace including purpose-built financial crime compliance capabilities such as access to additional sanctions risk features, storage capacity and user role configuration.