Cybersecurity

By Ruchir Kumar A recent ISA Cybersecurity survey revealed that 76 percent of Canadians polled are concerned about their financial institution’s ability to maintain the security of their personal information. Their concerns aren’t unfounded: 32 percent of financial services organizations in 2023 global survey on the state of security reported …

Institute a centrepiece of Canada’s commitment to the safe development and deployment of artificial intelligence technology MONTRÉAL, QC—Rapid advances in artificial intelligence (AI) have underscored both the promise and the risks associated with this transformative technology. Ensuring the safety and the responsible use of AI systems is a top priority …

More than Three Quarters of Canadians are Concerned about Cyber Crime in Online Banking, National Survey Reveals; Nearly as many fear a data breach at their financial institution Toronto/Calgary/Ottawa–With cyber attacks on financial institutions on the rise as artificial intelligence (AI) and other digital technologies become more sophisticated, more than …

by Kristina Logue, Chief Financial Officer, Payments Canada New technology and innovations in the payment space are transforming the way Canadian consumers and businesses make and process payments. According to data from Payments Canada’s annual Canadian Payment Methods and Trends Report, Canadian businesses are writing fewer and fewer cheques while …

Insights from Pythagoras N. Petratos The risks associated with misleading information can have a profoundly negative impact. A study aims to provide recommendations on responding to the new digital age challenges. Misleading information has emerged as one of the leading cyber risks in our society, affecting political leaders, nations, and …

Tetra Trust launches and closes financing from consortium of investors CALGARY, AB–The financial institution Tetra Trust received its Certificate of Registration on July 5, 2021, making it the first Canadian regulated custodian for cryptocurrency assets. Tetra Trust also completed multiple financing rounds led by a group of strategic investors which …

SAN JOSE, CA–Global analytics software provider, FICO, released new research that highlights the key challenges North American fraud and financial crime teams faced amidst the COVID-19 pandemic. The majority of senior executives (68 percent) said that remote working had a major impact on maintaining effective fraud and financial crime prevention …

TORONTO, ON–The way that consumers shop, pay and bank is changing dramatically. Accelerated by the COVID-19 pandemic, consumers are adopting new digital habits at a faster pace than ever before. In the first two months of the pandemic alone, global ecommerce spending surged by USD $53 Billion and consumers came …

LONDON, ON–VersaBank’s wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc., has signed a definitive agreement to acquire all of the outstanding shares of privately-owned Digital Boundary Group (DBG). DBG provides corporate and government clients with a suite of IT security assurance services. These range from external network, web and mobile …

BROOKFIELD, WI–According to the 2020 Fraud and Security Survey, released by Fiserv, 79 percent of U.S. consumers say that cybersecurity is equally or more concerning that it was for them a year ago. Cybersecurity concerns remain as consumers increasingly adopt digital payment methods that facilitate touchless interactions, yet which often …