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Sunday, 16 April 2017

UAE exchange houses told to do 'cross-check' on security | GulfNews.com

UAE exchange houses told to do 'cross-check' on security | GulfNews.com:

"Businesses facilitating money remittances from the UAE have been advised to take precautionary measures following unfounded reports that the funds transfer system in the region has been compromised. An official from the Foreign Exchange and Remittance Group (Ferg) in the UAE said on Sunday that exchange houses need to ensure that the firewall protection they use is safe from intrusion by hackers, and that no outsider emails are opened in PCs intended for cash transactions. “As the amounts involved are very large, it is important to cross-verify the security features of the firewall using some other company. Emails, specifically incoming with attachments, need to be separated from the PC that is used for processing remittances,” Rajiv Raipancholia, Ferg treasurer told Gulf News. “Regular updates of the virus scanners are required to keep your PCs clean."



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