Managers of Wealth Fintech

Private equity firms failing to identify cyber risks

The majority of private equity firms in the UK do not carry out sufficient assessments of cyber risks at their target companies, a new study has uncovered.

CAYMAN: Data Protection Law for Insolvency Practitioners

The DPL applies to personal data processed by “data controllers” and “data processors”.

New digital forensic hub on the cards

He told legislators that serious crime is continuing to decline as he pointed to a dip in the local burglary rate

NEST, Railpen plug cyber security advice gap for pension fund trustees

And yet cyber security risks were financially material and of interest to members and other stakeholders

PE professionals favour specific cyber insurance policies for portfolio companies

A new survey of senior private equity professionals reveals that only 23 per cent describe the due diligence that private equity firms carry out on cyber security issues of target companies as ‘good’ or ‘excellent’.

China Cybersecurity and Data Protection: China publishes first law on encryption

Some key concepts under the new law still require further clarification which will hopefully be addressed in future implementing regulations.

IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Identified

The effort is part of the Internal Revenue Service’s renewed focus on fighting tax evasion tied to cryptocurrency as digital currency has become more popular and gained in value.

Cybersecurity in M&A Transactions: Friend or Foe?

Lack of proper due diligence in this area could result in the acquirer taking on the damages and liability from such incidents in the past.

Russian c.bank says data protection at banks must be improved -RIA

Data leaks have been in focus in recent months as the private data of thousands of banking clients has been made available online.

Sustained DDoS Attack on South African Banks Accompanied by Ransom Notes

It is unclear if there is any relationship with recent hacking activity directed at South African ISPs, which have been hit by a wave of similar attacks in recent weeks.

NCR Blocked Mint, QuickBooks As Cyberattack Precaution

The cybercriminals seemingly automated unauthorized logins every five to 10 minutes in several “distinct 12-hour periods,” the source told the security news outlet.

Only 6% of Law Firms Protect Their Money Transfers

We consider the risks associated with money transfer fraud which in 2018 saw c.£11m of client money be compromised as a result of cyber fraud.

TD opens Fusion Centre in Toronto

Centre advances the Bank's ability to defend against global threats while attracting top-tier cybersecurity talent

Why Banking CIOs Must Prioritize Cybersecurity?

CIOs are strengthening the existing security framework of banks and the associated third parties by adding onto the cybersecurity suite.

Ransomware's arms race: What banks have to do

The company said it was in the process of restoring its systems from backup.

Danish challenger Lunar selects Temenos to deliver fraud protection

We believe partnering with Temenos will get us ahead of the curve in financial crime prevention.

Every company that banks online is vulnerable to banking trojans

According to a report earlier this year, banking trojans are the top email-borne threat to businesses

Microsoft to support women in cyber security engineering

“We are really delighted to be partnering with SheHacks for this year’s Hackathon, with a focus to prepare women to thrive in the technology industry. We want to make it easy for anyone to take their next step forward in technology,” Hai

New malware hacks ATMs to spit out free cash

Jackpotting attacks return to target cashpoints across the world.

Sompo offers cyber policyholders free email security protection

Each live consultation will include best practice recommendations, following the Center for Internet Security guidelines and other relevant standards, for a full range of security and deployment processes.

Cyber Security