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SURVEY HIGHLIGHTS VAST ABSENCE OF OPPORTUNITY FOR WOMEN IN SENIOR CYBER SECURITY ROLES COMPARED WITH MALE COUNTERPARTS

Lack of guidance and support hindering women embarking on careers in cyber and information security

Infosecurity Europe today announced results from a recent poll revealing that men have more opportunity than women to reach senior roles in the cyber and information security industry. The news comes at a time when technology companies are touting initiatives, promoting and supporting women in the tech industry, and of course, on International Women’s Day which provides an opportunity to celebrate women around the world.

 

The social media poll, which received 14,706 responses, was conducted by Infosecurity Europe – Europe’s number one information security event – and was the latest in a series of polls ahead of the conference. Sixty one per cent of respondents acknowledged that women have less opportunity than men when vying for senior roles in cyber and information security, which is disappointing, and shows the clear lack of diversity that still exists in the industry.

 

Europe is one of the worst offending regions in the world when it comes to women in cyber security, with them making up just seven per cent of the industry workforce, and one of the biggest gender pay gaps in the world according to the Global Information Security Workforce Study. During a period where cybercrime poses one of our biggest threats, it’s difficult to fathom why the industry continues to sell itself short by missing out on a huge proportion of prospective female talent.

 

Worse still, sixty three per cent of those polled by Infosecurity Europe think there’s not enough guidance and support available for women wanting a career in cyber and information security. The future for women in security depends on the IT industry’s ability to inspire women and encourage careers in cyber security. The issue is further exasperated, with over half (56 per cent) of those surveyed noting that there is a lack of female role models in the cyber and information security industry.

 

Infosecurity Europe 2019 seeks to address these issues and will be hosting the third annual Women in Cybersecurity networking event on Wednesday 5th June. The industry will meet to celebrate the achievements of females in cybersecurity, debate the challenges around diversity and discuss career opportunities for women in the industry. The event includes an inspirational keynote presentation by Dr Sue Black entitled ‘If I can do it, so can you’, a panel discussion, Q&A and networking.

 

Dr Sue Black, commented on the poll saying: “I’m not surprised by the results of this survey, the majority believe the same as me: that we really need to do something about the lack of guidance and support for women wanting a career in cyber and information security. There are many awesome women working in these areas, but we haven’t heard about them enough. Stories about the trailblazing women that have done incredible things in technology like Dame Stephanie Shirley, UK technology pioneer, and the women recently portrayed in the film Hidden Figures Dorothy Vaughan and Mary Jackson, have not been heard until now. Yet the history of computing is built on the work of women like them.

 

I have long championed women in tech since setting up the UK’s first online network for women in tech BCSWomen back in 1998 and now as Professor of Computer Science and Technology Evangelist at Durham University I’m working hard to get more women into technology, to inspire and encourage millions of women to work in tech. Technology is the future. ” 

 

Victoria Windsor, Group Content Manager at Infosecurity Group, says: “We are thrilled to have such an inspirational female speaker at the upcoming event. The cyber and information security sector must continue to encourage women to study and consider careers in the industry and, furthermore, it should be focused on retaining the female demographic and inspiring female influencers, motivating women to drive for senior roles in their field.”

 

Infosecurity Europe, now in its 24th year, takes place at Olympia, Hammersmith, London, from 4-6th June 2019. It attracts over 19,500 unique information security professionals attending from every segment of the industry, including more than 400 exhibitors showcasing their products and services, industry analysts, worldwide press and policy experts, and over 200 industry speakers are lined up to take part in the free-to-attend conference, seminar and workshop programme. More information and registration at https://www.infosecurityeurope.com.

 

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SONY BANK SECURES AND ENHANCES MOBILE BANKING WITH ONESPAN’S MOBILE SECURITY SUITE

SONY BANK

App shielding, biometric authentication and additional technologies secure and improve the customer experience for Sony Bank’s mobile banking app

 

OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Sony Bank is protecting its mobile banking transactions with OneSpan’s Mobile Security Suite. OneSpan helps the bank secure and improve the customer experience by detecting and preventing mobile threats in the background, while integrating convenient features like facial recognition and fingerprint biometrics.

 

Mobile banking adoption continues to increase and the frequency of mobile attacks like malware and trojans continue to rise. Sony Bank was able to address both customer experience and security by launching its banking app and securing it using OneSpan’s suite of mobile SDKs. Mobile Security Suite integrates application security, biometric authentication and Application Shielding, which detects and mitigates fraudulent activities and helps ensure the integrity and protection of apps and data.

 

“Addressing security and customer convenience was key for us, and with OneSpan’s solutions we are able to achieve both,” said Sony Bank Senior Manager of the Systems Planning Department, Shuichiro Sumimoto. “The technology comprehensively protects the device and the application, while providing an easy way for our customers to complete mobile transactions.”

 

“OneSpan’s Trusted Identity solutions enable banks to simultaneously fight an ever-increasing number of threats while ensuring a seamless and easy customer experience,” said OneSpan CEO, Scott Clements. “With Gartner predicting that by 2022, at least 50% of successful attacks against mobile apps could have been prevented using in-app protection,[i] Sony Bank is taking the right steps to future-proof its business.”

 

While mobile threats are on the rise, so too are regulations designed to make banking more secure and transparent. In particular, the global move toward Open Banking has triggered regional regulations such as the Amended Banking Act of 2017 or the Second Payment Services Directive (PSD2) in Europe. Using OneSpan’s technology, Sony Bank can address today’s PSD2 requirements with the aim of using the technology to address potential future regulations.

 

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KOREA’S KB BANK USES TRUSTONIC IN-APP PROTECTION TO ENHANCE MOBILE BANKING EXPERIENCE

MOBILE BANKING

Using Trustonic Application Protection enables KB Bank to dramatically improve the authentication experience for users of its mobile banking app and allow secure high value transactions

 

Mobile cybersecurity leader, Trustonic, today announces the successful implementation by KB Kookmin Bank (KB Bank) of Trustonic Application Protection (TAP™) to enable a simpler authentication experience for users of its KB Star Banking app. By combining TAP with its new digital authentication certificates, the bank is dramatically simplifying customers’ access to banking services and enabling them to authenticate higher value transfers in-app, without the need for cumbersome user authentication practices like security tokens.

The largest Korean bank by number of mobile users, KB Bank provides online and mobile banking services to over 10 million customers. Trustonic’s mobile application protection is enabling the bank to provide faster, simpler and more secure digital banking services by isolating authentication certificates in the hardware security of today’s smartphones. Since launching in summer 2019, the app has acquired 3 million active users, and adoption among KB Bank customers continues to grow rapidly.

Mr. Han, Senior Executive Vice President, Kookmin Bank commented: “In Korea, users need to install authentication certificates to use mobile banking services. This can be a complex and time-consuming process that often requires revalidation and multiple passwords. With our long-standing partner Trustonic, we are able to vastly improve the in-app user experience and allow our users to authorize much higher value transactions. Some security solutions make you choose between security, user experience and performance but with TAP there’s no compromise.”

 

Enhancing user experience & enabling high-value transactions with advanced security

Historically, public certificates need to be regularly renewed by the app user, which can be frustrating and time consuming. Now, because the new KB Mobile Certificates have the advanced in-app protection provided by TAP, they do not need to be renewed unless revoked by the customer or unused for one year. This significantly simplifies and enhances the user experience.

High-value in-app payments are now possible because of this advanced protection. KB Bank customers can transfer up to 2 million won (approx. $1,700 US) using their account password, and up to 50 million won (approx. $41,000 US) with a password and six-digit PIN. Amounts between 50 million won and 500 million won (approx. $413,000 US) can be verified by entering their password and PIN before receiving an additional authentication code via an automated phone call.

 

Improving in-app functionality through trust

The TAP in-app protection platform protects mobile applications by securing sensitive code, data and processes in a highly protected environment. The environment dynamically upgrades over the course of an app’s lifecycle to take advantage of the most advanced hardware and software security technologies available on smartphones. Banking, payment, acceptance and fintech app developers benefit as they can use the TAP SDK to build secure next-generation experiences.

Dion Price, CEO of Trustonic, says: “Korea’s certificate-based authentication infrastructure has historically limited the user experience for mobile banking apps. By making its banking app more seamless and secure with Trustonic’s unique combination of hardware and software in-app protection, KB Bank has vastly improved the user experience. This is a perfect example of how advanced security can enrich apps for end users, which is why TAP is being adopted to protect financial services across payments, banking, fintech and mPOS.”

For more information about how TAP is enhancing both security and user experiences, visit the Trustonic website.

 

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