Managers of Wealth Fintech

Fighting evolving cybersecurity threats in Singapore: No letting the guard down

2020 saw an increase in cyber threats such as ransomware, phishing attacks and online scams

No business is too small for a cyber security strategy

Scammers’ impersonation skills are becoming increasingly sophisticated, making it very difficult for companies and employees to differentiate between legitimate businesses and scams.

Hackers return $260 mln to cryptocurrency platform after massive theft

Estimated $600 mln stolen from token-swapping platform

More Than $600 Million Stolen In Ethereum And Other Cryptocurrencies—Marking One Of Crypto’s Biggest Hacks Ever

Soon after the hack, Tether, the company behind the world’s third-largest cryptocurrency by market capitalization, froze roughly $33 million in USDT tokens

Global cyber threats have increased significantly with COVID-19

Broadly speaking, Cyber Security is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.

UBEL is the New Oscorp — Android Credential Stealing Malware Active in the Wild

The malware was distributed through malicious SMS messages, with the attacks often conducted

Fiserv chooses Vesta to tackle e-commerce fraud in Mexico

The Vesta fraud prevention platform helps secure online payment transactions, reduces the decline rate, and includes a “Zero Chargeback Guarantee.”

Everest integrates blockchain API with Oracle financial crime suite

Everest’s technology provides Oracle the ability to bring identification verification and validation services to major financial institutions across 180+ countries.

Israeli firm’s spyware used to hack phones of journalists and business execs globally

"The sort of surveillance being reported is an appalling violation of press freedoms and we strongly condemn it," said a Bloomberg News spokesperson.

China Plans to Exempt H.K. IPOs From Cybersecurity Reviews

The Cyberspace Administration of China will vet companies to ensure they comply with local laws, but only those headed to other countries such as the U.S. will undergo a formal review, the people said.

SA firms hit in massive ransomware attack

The findings differentiate the latest incident - which cybersecurity firm Huntress Labs said affected more than 1 000 businesses - from other recent assaults on the software supply chain.

Hackers on loose as 9,000 data leaks a year recorded

Privacy experts said the figures were “alarming” and that the public would be disturbed to learn how often important information was being lost.

China Widens Probe Beyond Didi, Roiling Global Investors

Investors responded by dumping Chinese tech stocks in Hong Kong and sending shares of SoftBank Group Corp., a backer of both Didi and Full Truck, to an seven-month low in Tokyo.

SEC Increasingly Turns Focus Toward Strength of Cyber Risk Disclosures

This Legal Update provides background on the new SEC chairman and the SEC rulemaking process, the SEC’s prior guidance on cybersecurity disclosures

GBST Digital develops new functionality to provide a seamless user experience for ATO compliance checks

The old system for ID verification involved trustees of eligible super funds simply needing an individual’s tax file number to search for superannuation records via SuperMatch

When your company gets hacked, will you be prepared?

Cybersecurity complacency is a growing problem in corporate boardrooms globally.

MJ Hudson acquires fintech risk reporting business

Its alternative asset fund manager and investor clients access risk and regulatory risk reporting services as a managed service, or via software as a service (SaaS), through a customisable dashboard environment.

NBB Group announces deployment of the first Virtual Cyber Fusion Centre in the region

Through the deployment, the Group enabled itself with cyber threat intelligence feeds to all its assets using Cyware Threat Intelligence eXchange

How Bermuda's new cyber regulation will impact its insurance industry

The introduction of the Code is welcomed.

How Bermuda's new cyber regulation will impact its insurance industry

A reasonable requirement is that such arrangements be subjected to a risk assessment and secured with appropriate controls.