09 Jan 2023
The growing demand for digital financial services around the world has brought with it an increase in exposure to digital crime and fraud. With 47.8 million digital customers worldwide, BBVA has put its customers' protection and trust as a fundamental pillar of its strategy to combat this situation. In 3 years, the bank has managed to prevent up to 75% of fraud, strengthening customer protection.
06 Jul 2022
Cybercriminals do not go on vacation. Their activity tends to intensify during the summer season. We could even go so far as to say that our time off is their bread and butter. They can take advantage of any break to attack, from the summer break to a weekend getaway. Our lack of precaution is often a way for cybercriminals to attack us.
17 Jun 2022
It is increasingly common to receive attacks from fraudsters who impersonate banking institutions, the aim of which is to first obtain our passwords and then to gain access to our assets. However, the increase in these attacks has reinforced the efforts of bank security teams and police forces, both in terms of prevention and awareness, making it increasingly difficult for cybercriminals.
19 Apr 2022
The bank becomes the first financial institution in the world to share its cybersecurity knowledge with society through Coursera, a learning platform with 97 million registered students. As experts in cybersecurity, BBVA's goal is to train, motivate and empower its customers, and society in general, to acquire secure behaviors to properly manage the risks posed by the digital era.
26 Jan 2022
Adaptation to the environment is the main vector of operation and survival for a business. The technological environment plays a crucial role in this process. As a result, cybersecurity becomes a fundamental pillar and employees are key players. Not in vain, 62% of incidents of this nature that take place in organizations happen due to human error, as reflected in the latest ‘Cyberthreats and Trends’ report prepared by the National Cryptologic Center.
19 Jul 2021
We are increasingly aware of the importance of passwords: we create stronger ones, change them regularly and make sure not to use the same ones for everything. We also know that one of the biggest risks we face is password theft, since passwords unlock our information. But are we as careful with the passwords we store in our browsers?
23 Jun 2021
After the incidents of the previous months (SolarWinds, Codecov,...) it is becoming more evident that it is necessary to have a strong inventory and control over the components with which we build our software, as well as to strengthen the process used to build it.
19 May 2021
BBVA has been involved in the creation of Pinakes, the Interbank Cooperation Center (ICC) platform that simplifies the provider evaluation process in areas relating to cybersecurity. The aim of this platform is to offer the 124 financial institutions associated with the ICC and the more than 400 providers that provide products and services to the financial sector a new efficient mechanism for ensuring their reliability and ensuring compliance with the demanding banking sector regulations when it comes to managing technological risks.
23 Feb 2021
BBVA and Google Cloud Form Strategic Partnership to Drive Security Innovation in Financial Services
BBVA and Google Cloud today announced a new strategic partnership to transform the bank’s security strategy by optimizing and improving its security infrastructure. As part of this global agreement, BBVA will collaborate with Google Cloud in the development of groundbreaking new artificial intelligence (AI) and machine learning (ML) models to predict and prevent cyberattacks against its banking infrastructure, providing a more secure experience for the bank and its customers.
13 Nov 2020
The future of the digital economy: (co-)creating a framework in which all companies can compete
The European Banking Federation recently organized a conference on innovation and cybersecurity where the role of banks in the digital economy and platform economy was discussed, among other topics. According to BBVA, the key to ensuring that financial services benefit from this economy is the creation of a framework for the different types of participating companies to compete fairly.
14 Oct 2020
BBVA has launched Aqua, a new line of pioneering credit cards in Spain which feature a dynamic CVV code and do not contain card numbers (PAN) or expiration dates printed on them. This reinforces security both for its digital and physical versions since not having this data prevents possible fraudulent use of them. In addition, BBVA´s app has renewed the entire payment experience to make it easier for the customer to manage their expenses and order the services it offers based on their use. The bank is already working to launch this mobile experience in other countries.
08 Oct 2020
Garanti BBVA launches Bonus Diji, a rewards credit card that is extremely secure, as it does not include any numbers or codes that can be copied.
11 Aug 2020
Corporate virtual security has become even more important as a result of the coronavirus pandemic. Cybercriminals have found new opportunities in digitization and remote-working to commit fraud and cyber attacks; companies and employees alike have to be prepared against this risk. To this end, Campus BBVA has trained approximately 2,000 employees using courses, conferences, and discussion groups focused on digitization and tele-working as strategic capabilities that promise to be fundamental during the near future.
28 Jul 2020
How do cybercriminals think? What techniques do they use and how do they set up to implement them? What are their goals? There's nothing better than putting yourself inside the bad guy's mind so you will be ready to react. We tell you how these criminals behave.
21 Jul 2020
While the pandemic created by the novel COVID-19 develops and sends Americans down an unprecedented path, fraudsters are jumping at the chance to capitalize on that uncertainty.
15 Jul 2020
The uncertainty triggered by COVID-19 has led to a rise in cyberattacks against individuals in Spain. BBVA has therefore hosted several webinars in recent months to offer practical advice to customers and non-customers and thus alert the general public to the risk of fraud on the Internet. During these online events, involving members of the BBVA Cybersecurity team, including Roberto Ortiz, Global Head of Security Culture and Training at BBVA (People Information Security), speakers addressed the need to educate, inform and raise awareness of cyber attacks to protect the identity and finances of network users.
10 Jul 2020
06 Jul 2020
Álvaro Garrido has been safeguarding the integrity of BBVA's assets for the past three years. In his role as Chief Security Officer (CSO), he’s responsible not only for the Group’s physical & digital security, but also for its fraud prevention efforts, an exceptionally broad range of duties for such a large company and, at the same time, a great professional challenge.
16 Jun 2020
A few weeks ago some colleagues from a development team told us about their worries on the JSON Web tokens (JWT) generation they were doing as part of a new tool integration they were working on. They had heard about several security issues regarding the use of JWT tokens so they asked us for help in order to validate if the tokens they were issuing were correct and met some basic security requirements.
We are currently working on a project to help automate security tests, APICheck, which we’ve recently released as open source. APICheck is comprised of a set of small tools that can be pipe chained in order to run several tests on API requests, so we got down to work with the development of a new tool for validating the JWT they were issuing, jwt-checker, in which we’ve implemented the ability to pass the validations on the tokens we’ll talk about. Below I’ll show you an example of a test implemented using the tool.
26 May 2020
Essential remote working has forced a change to on-site employee training plans. BBVA had already espoused a culture of online learning before the pandemic, offering its staff a comprehensive digital training catalog via the Campus BBVA platform. The platform has been refreshed to adapt to employee needs during the weeks of confinement. Employee response has been positive: traffic to the training portal shot up 96 percent with more than two million sessions during the first month of lockdown. A review of the most consumed topics reveals employees’ growing interest in developing new competencies (data, design, sustainability), which are priority for BBVA and and even more apropos given the new reality that awaits.
15 May 2020
Scammers adapt quickly to new trends, exploiting them to lure new victims. An example that has gained notoriety in recent weeks: web sites promoting fraudulent Fortnite offers. Fortnite is a popular video game and is being used by cybercriminals as an enticement to misappropriate user data.
12 May 2020
It’s technically complicated, but yes, if the webcam user doesn't follow some security precautions, it is possible. Furthermore, exploiting the fact that the COVID-19 pandemic has driven an increase in teleworking, online classes, and all kinds of virtual meet-ups, cyber criminals are looking to profit by stepping up their attacks. Find out how to prevent others from unauthorized access to your web camera or videoconferences.
07 May 2020
The arrival of COVID has forced many companies to figure out new ways of working, and to accepting the idea of allowing, where feasible, employees to work from home. These new alternative work arrangements may yield substantial sustainability, cost saving and productivity benefits, but also expose of corporate confidential information to new threats. In this context, adopting increased security habits becomes more important than ever.
04 May 2020
Partnerships for the ODS goals
BBVA and the IMDEA Software Institute are partnering to research advanced cryptographic techniques
BBVA is partnering with the IMDEA Software Institute, which belongs to a network of international research centers in Madrid, on the development of advanced cryptographic techniques. This technology is key to the creation of data-based digital solutions that protect the privacy and security of users’ data.
29 Apr 2020
Spam or phishing: Why am I getting so many of these messages recently and what should I do with them?
With millions of people teleworking and communicating with each other online during the coronavirus crisis, email has become of the main tools for both professional and personal purposes. Now more than ever before, it is important to learn to detect cyber attacks that come in the form of emails, and follow the recommendations to protect ourselves from them.
27 Apr 2020
Children and young people are particularly susceptible to the risks of the Internet. These risks are even more pronounced as the coronavirus imposes social distancing, causing our children to spend more of their day online than normal. Here are some suggestions that will help keep children safe when they are on social media.
24 Apr 2020
Cybercriminals are taking advantage of COVID-19 and the new reality it has imposed: telecommuting hitting peak levels and huge amounts of information — and misinformation — circulating the Internet. Scammers are ramping up their activities as they try to maximize ill-gotten gains. We explain how these organized groups work, what attacks are the most common, and what we can do to protect ourselves.
07 Apr 2020
Older people with limited knowledge about the digital world are especially vulnerable to Internet fraud. The frequency of these attacks has risen notably during COVID-19 social distancing, a time when hackers are taking advantage of the dramatic increase of user time online and the vulnerability of certain groups of people.
31 Mar 2020
In an attempt to capitalize on coronavirus fears, scammers are launching new phishing campaigns with false tips against the virus or links to purchase personal protective equipment to spread their malware among victims or steal their personal information.
24 Mar 2020
Given the climate of uncertainty created by the rapid expansion of COVID-19, the respiratory disease caused by the novel coronavirus, it is becoming increasingly relevant to recognize reliable information and avoid spreading online. These are some of the tips provided by UNESCO to achieve this.