MANAMA: Ithmaar Bank has commissioned CTM360, a digital risk protection provider, to provide round-the-clock cyber threat management.
The bank said the service would help it to better protect customers from online fraud and to detect and respond to threats that may be targeting the Ithmaar Brand.
Ithmaar Bank has also praised ongoing efforts by the Central Bank of Bahrain (CBB) and other relevant authorities to protect the public from online fraud, urging both citizens and residents in the kingdom to contribute by staying vigilant and immediately reporting suspicious activity.
“The global Covid-19 pandemic has forced the world to reconsider many aspects of our daily lives,” said Ithmaar Bank chief executive Ahmed Abdul Rahim.
“It has, for example, significantly accelerated the adoption of online technology and other digital solutions across various sectors, including banking and financial services. As a result, online presence has become, arguably, as important as physical, real-world presence,” he added.
“This, in turn, means that organisations need to take their brand presence as seriously online as they do in the physical, real-world,” said Mr Abdul Rahim.
“Failure to do so, could allow fraudsters or other digital criminals to pose as the organisation and, by doing so, to defraud, hurt or otherwise take advantage of unsuspecting customers. This can happen in many ways, including creating fake websites that look almost identical of the original or sending formal-looking emails to capture customer information,” he said.
Based in Bahrain, CTM360 specialises in digital risk protection with an offensive-defence approach.
The aim is to neutralise and eliminate threats in infancy and to strengthen an organisation’s security posture by making them a difficult target in cyberspace.
“It gives us great pride to be the trusted cybersecurity firm by one of Bahrain’s leading Islamic banks.
Together we hope to make an impact and strengthen the country’s security posture and eliminate scams from reaching the public,” said CTM360 founder and chief executive Mirza Asrar Baig.
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MANAMA: Ithmaar Bank has commissioned CTM360, a digital risk protection provider, to provide round-the-clock cyber threat management.
The bank said the service would help it to better protect customers from online fraud and to detect and respond to threats that may be targeting the Ithmaar Brand.
Ithmaar Bank has also praised ongoing efforts by the Central Bank of Bahrain (CBB) and other relevant authorities to protect the public from online fraud, urging both citizens and residents in the kingdom to contribute by staying vigilant and immediately reporting suspicious activity.
“The global Covid-19 pandemic has forced the world to reconsider many aspects of our daily lives,” said Ithmaar Bank chief executive Ahmed Abdul Rahim.
“It has, for example, significantly accelerated the adoption of online technology and other digital solutions across various sectors, including banking and financial services. As a result, online presence has become, arguably, as important as physical, real-world presence,” he added.
“This, in turn, means that organisations need to take their brand presence as seriously online as they do in the physical, real-world,” said Mr Abdul Rahim.
“Failure to do so, could allow fraudsters or other digital criminals to pose as the organisation and, by doing so, to defraud, hurt or otherwise take advantage of unsuspecting customers. This can happen in many ways, including creating fake websites that look almost identical of the original or sending formal-looking emails to capture customer information,” he said.
Based in Bahrain, CTM360 specialises in digital risk protection with an offensive-defence approach.
The aim is to neutralise and eliminate threats in infancy and to strengthen an organisation’s security posture by making them a difficult target in cyberspace.
“It gives us great pride to be the trusted cybersecurity firm by one of Bahrain’s leading Islamic banks.
Together we hope to make an impact and strengthen the country’s security posture and eliminate scams from reaching the public,” said CTM360 founder and chief executive Mirza Asrar Baig.
© Copyright 2020 www.gdnonline.com
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