Managers of Wealth Fintech

Cyber-risk a boardroom issue, says Aon report

Of the 1,414 cyber-events analysed by Aon researchers, 56 developed into reputation risk events

UBS employee details leaked in cyberattack on data provider Chain IQ

Swiss bank UBS has fallen victim to a cyberattack at a vendor that leaked the personal details of tens of thousands of employees.

Artex report points to cyber, healthcare as risk priorities

Bermuda Monetary Authority figures from November 2022 showed a major increase in captive use for cyber insurance

CyberTech steals spotlight as FinTech firms raise $1.42bn across 19 deals this week

This surge was largely driven by the presence of several mega-rounds, with three deals exceeding $100m, including one that crossed the half-billion-dollar mark.

Cyber-risk next big market in captives

Bermuda is already playing an outsized role.

Trump’s New Cyber Executive Order Preserves Many Cyber Initiatives, Rolls Back Security Requirements for Contractors, and Changes Cyber Sanctions Regime

Federal contractors and software vendors will be the most immediate beneficiaries of the new order’s shift away from regulatory expansion, including by rescinding certain software attestation requirements.

Guernsey to launch cyber security centre

The GCSC would be a "vital resource for the bailiwick, helping to build resilience and provide a trusted source of cyber security advice", said a spokesperson for the Committee for Home Affairs.

Regional Banks Urged to Prepare for Disruption and Boost Cooperation as Cyber Threats Mount

Drawing on insights from across the central banking community, he remarked, “If I ask any central bank governor, large or small, what keeps you up at night?

Industry associations highlight cybersecurity risks at US regulatory agencies

Financial institutions are legally required to share sensitive, proprietary and non-public information with their regulators as part of the supervisory process.

DDoS attacks surge on financial sector as cybercriminals get smarter

Financial sector is the top industry for volumetric DDoS attacks; sophisticated, precision-targeted threats are growing

Cisco Unveils AI-Powered Security Innovations to Combat Escalating Cyber Threats

The move comes as companies grapple with the dual challenges of increasingly complex cyberattacks and a persistent shortage of cybersecurity talent.

Bank of Ireland warning of spike in ‘safe account’ scam

Customer gets a text message to their phone, requesting that they call a phone number about a suspicious transaction/or activity.

End-to-end cybersecurity firm ThreatSpike secures $14m

The platform combines managed detection and response services, as well as continuous penetration testing, to offer businesses complete visibility and protection.

Singapore ponders caning punishment for scammers

This is ascribed to their prosperity, embrace of digital services and compliance with authority.

Mastercard opens cyber resilience centre in Saudi Arabia

This is Mastercard’s first initiative in the Middle East, extending the company’s global network of cyber resilience centers which includes locations in Europe and the United States.

Warning: Cyber-scam impersonating Dentons

The impersonator has been sending emails from a Gmail account, pretending to be a Dentons lawyer

Cyberattack to cost UK retailer Marks & Spencer £300 mn

Hack on IT systems expected to affect online services through to July

Aviva and CyberCube Partner to Harness AI for Cyber Threat Actor Intelligence and Advanced Portfolio Risk Management

Utilising CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, the collaboration aims to strengthen Aviva’s cyber exposure management strategy.

Criminal attacks, human error drive data breaches

Malicious and criminal attacks were the main source of breaches.

OAIC data confirms cybersecurity threats in Australia are escalating

Malicious cyber-attacks are still the primary cause of data breaches, representing 61% of breaches, with phishing and ransomware as primary methods.

Cyber Security