Managers of Wealth Fintech

FSB calls for greater convergence in cyber incident reporting

By end-2021, the FSB will develop a detailed plan for taking this work forward.

Singapore: Better safe than sorry – How to manage data breaches

A disaster recovery plan must also be put in place to minimise the impact of a breach.

Is South Africa a Playground for Cybercriminals?

Our findings show that locally, South Africa was in the top 30 countries in the world (#27) to be targeted by malware attacks, and in the top 20 (#19) to fall victim to email threats related to COVID-19.

US Securities and Exchange Commission Increases Focus on Cybersecurity

These enforcement actions highlight the SEC’s attention to cybersecurity and its scrutiny of written documentation and disclosures following incidents.

Build a security culture to manage cyber risk

A transparent, supportive and open security culture will make a business more resilient to evolving cyber threats by empowering their people to make the right decisions.

DOJ Announces New Civil Cyber-Fraud Initiative

Deputy Attorney General Monaco called for Congress to designate a single mechanism where victims can file reports to the federal government to be shared immediately with the DOJ and US Department of Homeland Security.

Banca Progetto selects Wolters Kluwer

Banca Progetto will specifically use Wolters Kluwer’s OneSumX for Risk Management module which empowers financial services firms to deliver processes, best practices, regulatory intelligence, and the analytics required of businesses in a highly regu

Stablecoins to face same safeguards as traditional payments

Since then, Diem has radically scaled back its ambitions and plans to launch a US dollar stablecoin.

Dubai crypto platform teams up with police to combat crypto fraud

The police department is training its force “extensively” to understand crypto and blockchain technology, he said.

China - New high-octane rules for data security

The national standard has been formulated as a framework that identifies the characteristics of important data.

US: Regulatory order serves as a message to all about cybersecurity and governance

The Order requires the bank to develop an Action Plan to achieve compliance with the regulations.

China Cybersecurity and Data Protection: Monthly Update – September 2021 Issue

The Chinese central government released the long-awaited Regulations on Critical Information Infrastructure (CII) Security Protection

APP fraud losses overtake card crime in H1 2021

All told, authorised push payment (APP) fraud losses in the first half stood at £355.3 million, compared to £261.7 million in losses from card crime.

US Treasury sanctions crypto exchange for laundering ransom payouts

“Ransomware and cyber-attacks are victimizing businesses large and small across America and are a direct threat to our economy. We will continue to crack down on malicious actors,” said Treasury Secretary Janet L. Yellen.

Figure of the day: Importance of cyber security on the IT agenda - CxO survey - Italy

Cyber security has become a strategic topic for companies and public institutions.

Top tech companies pledge £1 million to UK anti-fraud campaign

"We are delighted that these major technology companies have agreed to support the work of Take Five as part of our collaborative approach to tackling fraud."

Cybercrime, a Barrier to Africa’s Thriving Digital Economy

READ NEXT Central Bank of Mozambique Keeps Interest Rate at 13.25% Cybercrime is one of the top risk factors likely to jeopardize Africa’s economy especially at this time when the continent is transitioning to E-commerce under the Africa Continent

Banking Protocol scam response hailed

Branch staff invoked the Protocol 4,782 times between January and June, saving potential victims an average of £6,672 each.

UK prioritises US data transfers agreement

The government’s plans in relation to bolstering international data transfers also include the formation of a new International Data Transfers Expert Council.

Amerant Bank enlists Alloy for customer onboarding

"Providing an exceptional experience for customers, both online and in-person, is at the core of our digital transformation strategy,"

Cyber Security