Managers of Wealth Fintech

At least 4.5 million people's data exposed following IT system hack

A company called SITA operated the breached system and revealed the hack in February, but not the scale or who was affected.

‘DeFi’ fraud rises whilst cryptocurrency crime declines

The decrease in crypto crime reflects the industry’s maturation - as companies and exchanges improve their security systems.

70 European and South American Banks Under Attack By Bizarro Banking Malware

"The threat actors behind this campaign are adopting various technical methods to complicate malware analysis and detection, as well as social engineering tricks that can help convince victims to provide personal data related to their online banking

UK Finance: Over two thirds of all APP scams start online

Impersonation scams, which have also grown significantly in recent months, were the only scams solely initiated via telephone calls and text messaging.

First bug bounty programme in the Federal Administration

This platform is based on state-of-the-art cloud technology and meets the requirements of the Confederation and other regulated industries such as critical infrastructures.

Coalition urges UK government to add scams to Online Safety Bill

According to the letter: "Online platforms play a pivotal role in enabling criminals to reach and defraud internet users through the hosting, promotion and targeting of fake and fraudulent content on their sites, including adverts that they make sign

MAS commits $42m to spur adoption of technology solutions for risk management and regulatory compliance

MAS will commit $42 million for the RegTech grant scheme and enhanced DAG scheme.

Insights from the 2020 Cyber Coordination Groups

These Cyber Coordination Groups (CCGs) have aimed to help firms share knowledge and discuss good practices in protecting themselves from cyber threats.

UK Government announces plans for new cybersecurity legislation to protect consumer smart devices

The legislation is expected to apply to all "relevant economic actors" involved in the transmission of smart devices to UK consumers including manufacturers, importers and distributors.

How Tech Platforms Are Changing Verification and Authentication

Skimping on robust ID verification and authentication isn’t an option.

Cyber-attacks and Data loss top concerns facing Directors & Officers, according to Willis Towers Watson and Clyde & Co

The impact of the Global pandemic is front of mind for Directors and drives movement in the Top 5 D&O risks in the Willis Towers Watson / Clyde & Co, D&O survey

Israeli regtech AML firm ‘considers public listing’ ahead of expected AI boom

London, Tel Aviv and Australian exchanges have approached ThetaRay about listing, which is also interested in the Nasdaq, Gazit reportedly said.

Gallagher Re invests in Bermuda with establishment of dedicated new cyber reinsurance specialism

The dedicated team will be led by specialist cyber broker Seb Plummer

ESAs publish joint Annual Report for 2020

The Joint Committee continued to work also in the areas of securitisation and financial conglomerates.

Should firms be more worried about firmware cyber-attacks?

And the computing giant launched a range of extra-secure Windows 10 computers last year that it says will prevent firmware from being tampered with.

Pandemic brought surge in French cyber attacks, warns Thales CEO

Corporate hackings rise fourfold, driven in part by staff working from home on less secure computers

Three privacy priorities for now to ensure your "niceness" during COVID-19 doesn't turn creepy (or illegal)!

In order to collect, use or disclose sensitive information Australian Privacy Principle (APP) 3 requires that consent be obtained from the individual whose sensitive information it is.

This company was hit by ransomware. Here's what they did next, and why they didn't pay up

"When it hit, we ran to our server room and data centre and started pulling plugs out." How one company was hit by ransomware, but refused to pay up.

Stop! Don’t lose money to online fraudsters

As bank fraud hits record levels, here’s how to spot common scams

Progress Bank and American Riviera Bank Select SEI for Managed IT Services

SEI IT Services’ Network Operations and Cybersecurity Solutions Will Support Banks’ Long-term Business Goals

Cyber Security