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Jake Summerfield Comments on the Wonga Data Breach
Jake Summerfield, Managing Director, The Network Group Events, comments on the Wonga data breach:
“Unfortunately attacks such as this data breach at Wonga are becoming an all too common occurrence, particularly in the financial services industry which has seen a spate of hackings of late. Cyber-criminals are clearly scaling up their activity in the sector, and this significant breach clearly shows the risk that firms in the industry face from the cyber-threat.
“The good news is that CISOs are prioritising measures to combat the threat of a data breach. More than half (54%) of CISOs attending the Financial Services Information Security Network said they were investing in data security and integrity, with 57% of that group focusing on data loss or data theft prevention measures.
“We hope that the news about Wonga serves as a wake-up call for other lenders, banks and building societies to now take the cyber-threat seriously, listen to their information security experts and invest in network security measures to keep their customers’ data safe.”
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Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
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Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking
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More Rewards, More Flexibility: PayPal Introduces 5% Cash Back on Buy Now Pay Later Purchases this Holiday Season
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Blue Ocean Technologies Announces Promotion of John Willock to Chief Revenue Officer
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EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’
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Global Tech Leaders Unite to Propel Emerging Future-Critical Sectors at GITEX GLOBAL 2025
With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding, from the possibility of curing genetic diseases to transforming urban mobility or enabling green data centres. With the global AI market set to reach $4.8 trillion by 2033 (UNCTAD), the race to deploy AI for critical sectors has never been more urgent. Against this backdrop, GITEX GLOBAL 2025 convenes as the world’s largest tech and AI event, with this year’s edition highlighting significant developments in biotech, physical AI, quantum computing, semiconductors, and data centres.
U.S. Bank Leverages Gen AI for Banking Services
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
New research commissioned by Affirm, the payment network that empowers consumers and merchants with flexible and transparent payment options, reveals that payment flexibility is now one of the most important factors influencing travellers when booking flights and holidays.
Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking
Big Issue has partnered with open banking payment provider fumopay to offer its vendors an innovative new way to take cashless payments.
Spend Crypto at 700,000 Merchants in SA Using Luno Pay
Together with Scan to Pay’s 650,000 merchants and Luno Pay’s existing network of over 30,000 merchants, this expansion unlocks access to major household retailers, including Checkers, Makro, Vodacom, and Shoprite, bringing crypto payments into the mainstream and marking a major step for cryptocurrency adoption.
More Rewards, More Flexibility: PayPal Introduces 5% Cash Back on Buy Now Pay Later Purchases this Holiday Season
PayPal has announced that U.S. customers will earn 5% cash back on PayPal Buy Now Pay Later (BNPL) purchases between now and the end of the year1. As 60%2 of shoppers feel more financial stress heading into this holiday season, PayPal, one of the leading BNPL providers worldwide, is helping to make it easier to manage spending this holiday season.