Security

Top Banks and Financial Firms Penalized for Non-Compliance with Recordkeeping Laws While Using WhatsApp for Customer Chats

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The world of finance is increasingly embracing digital communication channels to streamline operations and enhance customer service. However, this trend is not without its risks. Several high-profile banks and financial institutions have recently been penalized for non-compliance with recordkeeping laws due to the unauthorized use of popular messaging app, WhatsApp, for customer interactions. At the …

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HSBC Settles US CFTC Charges with $75 Million Penalty Amidst Industry-wide Messaging Violations

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HSBC Holdings Plc has recently agreed to pay a $75 million settlement to the U.S. Commodity Futures Trading Commission (CFTC). The charges were related to manipulative and deceptive trading practices, as well as record-keeping failures within several units of the global banking and financial services organization. HSBC Bank USA, in particular, has agreed to a …

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How big is the data loss risk of WhatsApp for enterprises?

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The risk of data loss on WhatsApp can be significant for big enterprises, as the app is not specifically designed for enterprise use and may lack some of the security features that are important for businesses. Here are some factors that contribute to the data loss risk of WhatsApp for big enterprises: Lack of control: …

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How to block access to WhatsApp using Forcepoint?

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Forcepoint is a web security platform that can be used to block access to certain websites or applications, including WhatsApp. Here are the steps you can follow to block access to WhatsApp using Forcepoint: Log in to the Forcepoint User Interface (UI) as an administrator. Click on the “Policy” tab and select “Web” from the …

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How to block access to WhatsApp using Broadcom?

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Broadcom is a company that produces various types of chips and hardware components for networking equipment and does not have direct control over the internet traffic of devices using their products. However, there are ways to block WhatsApp access using networking equipment incorporating Broadcom components. Here are the general steps you could follow: Identify the …

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How to block access to WhatsApp using Netskope?

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To block access to WhatsApp using Netskope, you can follow these steps: Log in to your Netskope dashboard and navigate to the “Policies” section. Click on the “Create Policy” button to create a new policy. Choose “Cloud App” as the policy type and select “WhatsApp” from the list of cloud apps. In the “Policy Settings” …

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