Intelligent Fin.tech Issue 17 | Page 12

NEWS

Spanish mobile industry to launch online antifraud and identity services through GSMA Open Gateway Initiative

Spain ’ s leading mobile operators Orange , Telefonica and Vodafone have announced the launch of two new services designed to help developers tackle online fraud and protect the digital identities of mobile customers .

As part of the global GSMA Open Gateway initiative , the operators have announced the launch of two network API ( Application Programmable Interface ) services focused on improving digital security : Number Verification and SIM Swap .
These APIs will allow developer teams and partners to create new intelligent layers of customer authentication , verification and security within mobile phone networks . This will help businesses tackle identity fraud by enhancing user authentication and improving security .
Juan Reyero Montes , Enterprise Marketing Director , Orange Spain , said : “ The launch of these two new APIs onto the Spanish market , addressing key use cases around fraud , aptly demonstrates the value that Orange and our partner operators can bring , utilising our network capabilities to improve the security of transactions whilst enhancing the user experience for customers through seamless authentication .
“ Furthermore , this represents an important step for Orange on the path to delivering on the promise of Open Gateway , of simple , developer-friendly APIs with an initial commercial availability at this scale . Orange has been an early supporter and contributor to CAMARA and Open Gateway . Developers can engage with Orange and test all new APIs via the Orange Developer portal to explore new use cases leveraging network capabilities and bringing innovation towards the end-user .”

Board members have not received sufficient cyberresilience training in the past year

According to recent report findings by Bob Semple , Board Intelligence and The Corporate Governance Institute , almost two-thirds of board members have not received adequate support and training regarding cyber-resilience in the past 12 months .

The research was conducted from May to July 2023 and included over 250 participants , consisting of chairs , NEDs and executive directors from both public and private sectors , including statefunded organisations and charities .
David W . Duffy , CEO and Co-founder of the Corporate Governance Institute , has highlighted the rapid advancements in technology that have transformed the world within a single generation . However , he raises concerns about whether boardrooms keep the same pace , discussing the potential consequences of not providing proper training to board members .
“ Cybercrime can devastate a company ' s financial stability , brand identity and market worth . It also risks customer trust , negative publicity and legal repercussions . Everything points to longlasting damage if companies are not prepared ,” he said .
“ Considering the extensive repercussions , it is evident that each board must tackle cyber-risks ; this subject is an essential aspect of effective corporate governance . According to our survey , the significance of cyber-resilience is growing considerably in all sectors , but it is worrying that 60 % of board members have not received sufficient cyber-resilience training in the past year .
“ All boards must take necessary precautions to safeguard their systems .” �
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