Cyber crime
The IMD Wrap: The risks of becoming AI-rich and memory-poor
Like Alice in Wonderland, Max disappears down the rabbit hole of AI to discover a world that is sometimes fantasy—and sometimes a nightmare.
Cyber incident reporting: convergence is key
FSB working group chair advocates common reporting framework and taxonomy
This Week: Goldman Sachs, MSCI/MarketAxess, Cboe/ErisX, & more
A summary of the latest financial technology news.
This Week: Ice, SS&C/Morningstar, Deutsche Börse/DataBP, RBC & More
A summary of the latest financial technology news.
SEC cyber rule could trigger more attacks, experts warn
Mandatory disclosure of cyber risks and attacks could help hackers
Believe nothing, trust no one: ‘Morgan Freeman’ sends a message to fintech professionals
There’s evidence that deepfakes are being used to commit fraud in the financial markets. And as scam artists become more tech savvy, financial firms will need to quickly employ new tools to protect their assets.
Europe’s banks brace for Russia-backed cyber retaliation
Beefed-up sanctions on Russia’s largest banks spark IT security alert; 100s of computers brought down in Ukraine
This Week: Cboe-Neo, Aviva-Macrobond, Iress, BNY Mellon, Options, MT Newswires-Bloomberg, and more
A summary of some of the past week’s financial technology news.
BofA and HSBC: at the intersection of cybersecurity and neurodiversity
Closing the growing gap between adequate enterprise cybersecurity protection and available resources is fraught with obstacles, so Bank of America and HSBC are pursuing an unconventional approach: seeking out neurodiverse talent with a knack for pattern…
Companies race to tackle widening cybersecurity talent gap
More realistic job requirements and in-house training programs could boost recruitment in face of increased cyber threats
Cyber attacks top threat to US financial system—bank CEOs
Lawmakers have signaled a readiness to act as finance chiefs warn of heightened cyber risks.
Financial institutions battle cyber threat info overload
Cyber threat intelligence is crucial for the defense of an organization’s network, but financial firms have to figure out how to make sense of all the data first.
Banks Warn of Rise in Ransomware Attacks
Banks must improve resilience of remote-working staff, says Wells Fargo financial crime expert
Market Participants Worry that CFTC Can’t Safeguard Data
The US derivatives regulator should let the responsibility for the storage of sensitive data fall on regulated firms, committee hears.
US Treasury Bureau: Cyber Insurance Premiums Rising
Cybersecurity insurance is getting more expensive as insurance underwriters grapple with a lack of data on this ever-evolving coverage area.
Robo-raters Help Banks Vet Vendors for Cyber Risk
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.
Homomorphic Encryption: Banks Take Notice (Part 1)
Banks are showing interest in solutions based on homomorphic encryption, including for sharing information on cybercrime. Jo takes a look at what this technology is, and if these solutions can be commercially viable.
Thomson Reuters Uses AI to Turn World-Check Tool into Financial Robocop
Using artificial intelligence and machine learning will help make Thomson Reuters News Check tool more accurate in identifying relationships between events and individuals.
Crypto Exchange Blockbid Deploys Bank-Grade KYC Tech
Blockbid signs LexisNexis Risk and ThreatMetrix to combat fraud.
Crypto Compliance Vendor iComply Nabs Thomson Reuters’ Pinn
Pinn will bring his expertise of KYC, financial crime and risk intelligence to the cryptocurrency arena.
Regulators Warn on Phishing Scams
Increasingly sophisticated schemes are targeting firms and individuals, watchdogs say.