Managers of Wealth Fintech

Exclusive: Cyber security levels not consistent among UK pension schemes

Additionally, just 2% of schemes have a cyber insurance policy while 63.3% have not assessed the possible financial impact of a cyber-attack.

Cyber-attacks in Kenya up by half to hit 56m in three months

The rise in cyber threats have seen businesses lose billions of shillings and sensitive information to hackers. This has forced firms, especially in the financial sector, to be vigilant.

RBNZ governor blames data hack on Accellion

Orr says a forensic and criminal investigations into the breach is ongoing, as well as an independent KPMG review of the Bank’s systems and processes.

4 Strategies to Make Cybersecurity a Business Priority

Bad actors historically take advantage of times of chaos, and the pandemic provided quite the opportunity.

PIMFA calls on Government to include economic harm in Online Safety Bill as members report rise in increasingly sophisticated online scams

PIMFA and its members believe that, such is the extent of fraud, the only solution is to enshrine in law additional consumer protections that would tackle the growing threat from online fraudsters.

Refinitiv adds cybersecurity and company credit risk ratings to due diligence reports

The addition of cybersecurity and credit risk ratings is in response to the myriad of legal and regulatory obligations organizations face when dealing with third parties.

Accellion cyber incident

While the investigation is ongoing, it appears that there is some risk that some limited information may have been viewed by the threat actor.

UAE conducts cyberattack simulation on banking sector

Central Bank tests banks' resilience against cyber threats.

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

The Civil Code came into force on 1 January 2021, and provides for civil law protection of personal information.

Recent advances address biometric payment card security concerns, Fingerprint Cards says in paper

The key to ensuring security is robust, he argues, is to make sure that attacks are ‘one shot’ attempts, rather than scalable hacks.

70% of UK finance industry hit with cyber-attacks in 2020

The increased use of personal devices by employees, often without sufficient guidance, means sensitive information is being accessed using platforms unprotected by enterprise security infrastructure.

Four Security and Compliance Predictions for the Fintech Industry in 2021

The increased reliance on modern collaboration tools like video, chat and voice coupled with a lax approach to security can bring forth challenges that have the potential to upend businesses.

Coinminers Target Vulnerable Users As Bitcoin Hits All-Time High

Crypto malware or coinminer malware is one of the newer malware threats. Unlike traditional ransomware, it works completely undetected on the user's device, making it particularly insidious.

AIB, Bank of Ireland, PTSB and KBC to explore deeper tech alliance

The joint venture, Syntech, may also consider other projects aimed at better cybersecurity.

MAS Enhances Guidelines to Combat Heightened Cyber Risks

The revised Guidelines have incorporated feedback received from the public consultation

NZ central bank says it was not specific target of cyberattack

"We have been advised by the third party provider that this wasn't a specific attack on the Reserve Bank, and other users of the file-sharing application were also compromised,"

Willis Towers Watson launches suite of cyber assessments to help clients better manage cyber risk

The Cyber Risk Solutions (CRS) team at Willis Towers Watson offers tailored and flexible risk consulting services that support insurance goals, align cyber risk management with business objectives and deliver cost effective cyber risk resilience.

Why technology and cyber due diligence is key for M&A

Businesses that are performing still want to buy; and those that are suffering, might consider being acquired.

Crypto industry fears impact of proposed Treasury rule

Critics warn US requirement on policing digital currencies is ‘midnight rulemaking’ and would hurt privacy rights

Clampdown on buying Bitcoin comes into force amid warnings it could increase cyber crime

Since then, as fears about the world economy and the stability of official “fiat” currencies such as the pound and dollar grow, bitcoin has soared.

Cyber Security