Online banking has become an indispensable aspect of modern life, catalysed by the widespread usage of smartphones. To remain competitive in today’s market, financial institutions must embrace digital transformation and prioritize data security. This article will delve into the benefits and risks of this technological shift, the consequences of neglecting data security, the importance of balancing front-end and back-end quality,
WordPress, one of the most popular content management systems (CMS) in the world, is facing a severe security threat. Over 200,000 websites using the Ultimate Member plugin are currently exposed to ongoing attacks targeting a critical vulnerability. Tracked as CVE-2023-3460, this security flaw allows attackers to add a new user account to the administrators’ group, potentially granting them full control
In a move to address the growing concerns around data privacy and confidentiality in artificial intelligence (AI), Patented.ai, a San Francisco-based startup, has secured $4 million in pre-seed funding. The investment will boost the development and expansion of their groundbreaking on-device solution, LLM Shield. With LLM Shield, organizations can protect sensitive information from being accessed, analyzed, or stored by large
MiniOrange’s Social Login and Register plugin for WordPress, a popular tool used by thousands of websites, has been found to have a critical security flaw that could leave user accounts vulnerable to unauthorized access. This flaw, which was recently disclosed, has raised concerns among website owners and developers, prompting the release of an urgent fix to mitigate the risk. Description
The world of encrypted communication was shaken to its core with the takedown of the prominent encrypted phone service platform, EncroChat. In a coordinated effort, law enforcement agencies across Europe successfully dismantled this platform, leading to the arrest of over 6,500 individuals and the seizure of a staggering 900 million euros ($980 million) worth of assets. Features of EncroChat phones
Digital transformation is the journey within an organization to transform data from business processes into a machine-readable format so that it can be used in value-driven business applications or new business models. This process has become increasingly important in today’s rapidly evolving digital landscape. The Importance of Commitment A true transformation process is deep. It requires the utmost commitment from
The University of Manchester, renowned for its research and academic excellence, recently faced a severe cybersecurity crisis as ransomware infiltrated its systems. This malicious attack resulted in the breach of sensitive information belonging to 1.1 million National Health Service (NHS) patients. The incident has raised concerns regarding the security and protection of vital healthcare data. What is ransomware? Ransomware, a
As organizations today face increasingly complex technological challenges, the way they manage their IT operations has become more critical than ever. The traditional approach of building and maintaining one’s IT infrastructure is not only costly, but it can also be time-consuming and resource-intensive. To stay competitive, organizations must find new ways to optimize their IT operations, and one such method
Thailand is a country that has been rapidly transforming itself into a digital economy. With a population of over 69 million people, Thailand has seen significant growth in technology use in recent years. One of the key drivers of this transformation has been the government’s investment in infrastructure, education, and innovation to create an environment that is conducive to the
In today’s fast-paced world, every industry is experiencing technology-driven disruptions. Digital transformation has become a must for organizations in this process involving the integration of digital technologies into all areas of a business to optimize operations, improve customer experience, and create new business models. Digital transformation is no longer an option; it is a crucial endeavour for organizations seeking to
In a recent announcement, UST has revealed its role as an innovation vendor for Project Rosalind. The project is an experiment in application programming interface (API) prototypes for central bank digital currencies (CBDC), an initiative of the Bank for International Settlements (BIS) and the Bank of England (BOE) via the BIS Innovation Hub London Centre. The project’s primary objective was
The internet has revolutionized our world, making it possible to connect with others, perform transactions, and access a plethora of information with ease. While these benefits are undeniable, the digital world is rife with security threats, making it necessary to be vigilant at all times. Cybercriminals are constantly on the lookout for vulnerabilities in the security measures of companies and
