KPMG Ghana’s Post

Strengthening Defenses Against Digital Financial Frauds With the surge in digital transactions, banks are stepping up to protect customers' money through: 1. AI-Driven Detection: Real-time monitoring and behavioral analytics. 2. Multi-Factor Authentication (MFA): Enhanced security with biometrics and OTPs. 3. Customer Awareness: Educating users about phishing and safe practices. 4. Blockchain & Tokenization: Securing transactions with cutting-edge encryption. 5. Collaborations: Partnering with regulators and cybersecurity experts. As digital banking grows, these measures ensure security and trust. What more can be done to combat financial fraud? #DigitalBanking #CyberSecurity #FinancialFraud #Innovation CA Bhumi Jain

MetaComp: be THE Compass: WalletSafe, MetaComp’s proprietary Wallet Scanning Tool, leverages advanced technology to deliver valuable insights that can assist you in making safer transactional decisions. With On-Chain AML/CFT (Anti-Money Laundering and Countering the Financing of Terrorism) Multi-Database Screening, WalletSafe draws from multiple data sources and our unique risk methodology to generate accurate wallet analysis reports that surpass those from single-source tools. Don’t leave your security to chance, let WalletSafe help safeguard your assets today. Follow us to discover more security features that you may not know about CAMP. #MetaComp #WeAreMetaComp #Fintech #DigitalAssets #Blockchain

🚨 Cyber Fraud Syndicate Busted in Delhi NCR 🚨 A major breakthrough by the Enforcement Directorate (ED) has uncovered a cyber fraud syndicate operating in Delhi NCR. The group, involving Chartered Accountants and crypto traders, was linked to fraudulent activities exploiting financial systems and cryptocurrency platforms. This incident emphasizes the growing need for vigilance in the digital age. 🔐 How You Can Stay Safe: 1️⃣ Verify the authenticity of financial requests and digital transactions. 2️⃣ Avoid sharing sensitive personal or financial information online. 3️⃣ Be cautious of unsolicited investment opportunities involving crypto. 📞 Report Cybercrimes: Dial the Cyber Crime Helpline: 1930 Visit www.cybercrime.gov.in for more information. 🌐 Learn More: Check out the detailed report on the Economic Times:https://lnkd.in/gp7x3eA6 Together, let’s build a safer digital community. 💻✨ #CyberSafety #DigitalVigilance #FraudAlert #CyberCrimeAwareness #1930Helpline #cybercrimeawareness #cybersecurityawareness #intuicentinnovations

🚀 I had the privilege of joining an insightful panel last week at Montreal's InCyber forum alongside Marie-Chantal Leduc from Tetra Trust Company and Matthew Price from Elliptic. We delved into the pressing need to stay ahead of cyber criminals and the crucial role of preventing financial crime in today’s digital landscape, regardless of whether you play in fiat or are considering digital assets. The discussion centred on implementing digital identity solutions, AML risk assessment strategies, and the importance of blockchain monitoring capabilities in effectively preventing and detecting financial crime. One key takeaway was the significance of enablers to regulation, such as a standardized digital ID and seamless access to corporate data. These elements are vital for enhancing our collective ability to combat financial crime and foster a safer financial ecosystem. Grateful for the opportunity to connect with industry leaders and share insights on these critical topics! 🌐💡 #InCyber #FinancialCrime #CyberSecurity #DigitalIdentity #AML #Blockchain

🔒 How Self-Sovereign Networks (SSNs) Help Businesses Thrive 🔒 In today's rapidly evolving digital landscape, Self-Sovereign Networks (SSNs) are proving to be game-changers for businesses. Here’s how: 🔑 Secure Identity Management: Empower your customers with a secure platform to manage their digital identities and crypto wallets, ensuring top-tier security and peace of mind. ✅ Streamlined KYC Compliance: Simplify and expedite onboarding with easy sharing of pre-verified credentials, enhancing efficiency and customer satisfaction. 🔐 Enhanced Transaction Authorization: Boost security with multi-factor authentication, ensuring every transaction is fortified against potential threats. By integrating SSNs, businesses can achieve unparalleled security, compliance, and operational efficiency. Step into the future of digital identity management with confidence! 🚀 #Blockchain #CyberSecurity #KYC #IdentityManagement #Innovation #FutureOfBusiness #Zeebu #DigitalTransformation #TechInnovation #SecureTransactions

Protecting data is crucial Because there's a lot of sensitive information involved in banking, cybersecurity is non-negotiable. Financial institutions must have robust cybersecurity measures to protect the data of consumers. 👉Read More : blog.cisacap.com #btc #Crypto #fintech

In today's digital finance world, the risk of cyberattacks is skyrocketing. From the Bangladesh Bank heist to breaches in cryptocurrency platforms and banks, cybercriminals are becoming more sophisticated and relentless.  This article explores high-profile cyberattacks, emerging threats, and new trends like machine learning in fraud detection. Learn from real-life examples, such as JPMorgan Chase and Stripe, on how they protect their systems and customers.  Get tips to safeguard your money and personal information and stay one step ahead in the fight against cybercrime! 🚀 #CyberSecurity #DigitalFinance #FraudPrevention #StaySecure #Article #DigitalMagazine #ProjectLeadersMagazine

WazirX has attributed a recent $230 million cryptocurrency hack, which resulted in the loss of nearly half of its digital assets, to a security compromise at its former custody partner, Liminal. A forensic investigation by Mandiant Solutions found that WazirX's internal infrastructure was secure and not compromised during the attack. The attack specifically targeted a multisig wallet, requiring multiple keys for transaction authorization, with WazirX holding five of the six keys. Liminal, however, denied any claims of compromised security, suggesting that the vulnerabilities lie within WazirX’s security systems, especially since WazirX was responsible for the majority of the keys involved in the wallet transactions. #AsiaRisk #CyberAttacksandDataLoss #India Follow us for daily updates on risk and operations in Asia! https://lnkd.in/gM4CEfRU

Digital banking has grown rapidly, but with it comes increased cyber threats. Protecting customer data, preventing unauthorized access, and combating fraud are now top priorities for banks. Key areas include data protection, network and application security, and identity management. Trends like AI, blockchain, and cloud security are shaping the future, helping banks detect threats and safeguard transactions. As digital banking evolves, staying ahead of threats and regulatory compliance is critical for secure banking. #cybersecurity #digitalbanking #fraudprevention #cloudsecurity #AI #blockchain