The Bailiwick’s Data Protection Commissioner, Emma Martins, notes that changing attitudes and behaviour is key to reducing data breaches and preventing harm.
And thus, there is no surprise that throughout 2019, organisations across all industries globally were targeted by cyber attackers.
The growth of technology in our daily lives, especially for those who can afford the best of the best Internet of Things-connected devices, has sparked new methods for cyber criminals to obtain personal data and exploit HNW individuals.
“Nevertheless, the banking industry takes cybersecurity very seriously and has robust risk mitigation strategies in place,” SABRIC states.
MNP fraud, which is an extension of SIM swap fraud, enables the criminal to switch from one mobile provider to another, illegally gaining access to a user’s sensitive data.
In a shareholder letter back in 2016 he wrote: "Many third parties sell or trade information in a way customers may not understand, and the third parties, quite often, are doing it for their own economic benefit -- not for the customer's".
Other European banks to have tried out dynamic CVC technology include SocGen, BNP Paribas, and BPCE.