Managers of Wealth Fintech

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,"

Hackers Steal Data from Neuchâtel Cantonal Bank

The attackers succeeded in exploiting a vulnerability in the BCN website that has since been dealt with.

Cybersecurity trends in the US – Insights from in-house practice plus do’s & don’ts

These attacks affect all sectors including critical infrastructure and demonstrate the vulnerability of the world's largest economy in key economic sectors like finance, energy, food, and health.

Banks and insurers licensed to exchange fraud data in the Netherlands

The licences granted by the AP only applies to processing activities taking place in the Netherlands.

Grayhawk Investment Strategies says cyber security protection is top priority

Grayhawk is a new way to experience the real value of wealth.

Personal Information Protection Law: China's GDPR is Coming

Overseas companies caught by the exterritorial jurisdiction of the PIPL should establish a dedicated entity or appoint a representative in China to handle matters

US Treasury and MAS finalise MOW on Cybersecurity Cooperation

This announcement was made during Vice President Kamala Harris’ visit to Singapore

SEC sanctions company for hypothetical cyber risk factor when the company already had an incident

The SEC alleged that both the SEC filing and the media statement were misleading, including because they characterized a known harm as a hypothetical risk.

Cybersecurity Multi-Donor Trust Fund

The emerging work program will offer comprehensive cybersecurity capacity development

Hackers steal nearly $100m in Japan crypto heist

It is the second major theft of cryptocurrencies to take place in recent days.

China passes new personal data privacy law, to take effect Nov. 1

The law states that handling of personal information must have clear and reasonable purpose and shall be limited to the “minimum scope necessary to achieve the goals of handling” data.

Ex-Credit Suisse Chairman Starts Cyber Venture

After leaving Credit Suisse three months ago, Urs Rohner relinquished all his finance-related mandates, including those at the Institute of International Finance and European Banking Group.

Cyber Security