Information Security
Hong Kong goes all-in on fintech
The Hong Kong Monetary Authority (HKMA) is to establish a new Fintech Cross-Agency Co-ordination Group to formulate supportive policies for the local fintech ecosystem.
NYDFS: SolarWinds hack is a harbinger of the next big financial crisis
Responding to the recent hack of IT company SolarWinds, the New York State Department of Financial Services says that the next big financial crisis could come from a cyber attack.
Federal Reserve announces ISO 20022 specifications for initial launch of FedNow
Source: Federal Reserve
The Federal Reserve has released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO.
Npower scraps mobile app after hackers breach customer accounts
Npower, one the UK's big six energy providers serving serving 3.6 million residential and business accounts, has shut down its mobile app after hackers accessed customers accounts, inluding partial bank details.
FIs see pandemic spike in cybercrime; banks cut security budgets
Nearly three quarters of financial institutions have seen a rise in cybercrime since the Covid-19 pandemic began, according to a survey from BAE Systems.
ABN Amro develops 'self-healing cybersecurity software
ABN Amro has teamed up with research outfit TNO to develop "self-healing" cybersecurity software that repairs itself when under attack from viruses.
US charges North Koreans in huge hacking operation
The US Department of Justice has unsealed charged against three North Korean computer programmers it says conspired to steal and extort more than $1.3 billion in cash and cryptocurrency.
FS-Isac leads financial sector response to Nato cyber wargame
Source: FS-Isac
FS-ISAC, the only global cyber intelligence sharing community solely focused on financial services, announced today its leadership role in devising the financial sector’s scenario during this year’s NATO Cyber Defence Centre of Excellence (CCDCOE) Exercise Locked Shields, taking place 13-16 April.
Hackers publish bank employee data
Crooks have allegedly posted the personal details of several employees of Flagstar Bank, which is the latest financial institution to suffer a data breach thanks to a vulnerability with file sharing software from vendor Accellion.
RBNZ governor blames data hack on Accellion
Reserve Bank of New Zealand governor Adrian Orr has placed the blame for a recent file sharing breach squarely on the shoulders of tech provider Accellion.
Santander and IBM to award 1,000 Digital Experience scholarships in AI and cybersecurity
Source: Banco Santander
Banco Santander has launched a new scholarship programme with IBM to boost the employability of job seekers and those looking to make a career change.
European Banking Authority hit by cyber-attack
The European Banking Authority (EBA) has taken all email systems offline after being hit by a cyber-attack targeting its Microsoft Exchange Servers.
Mastercard launches Global Cyber Forward program in Dubai
Source: Mastercard
Mastercard today launched its Global Cyber Forward program in partnership with Dubai International Financial Centre (DIFC), the leading global financial center and largest fintech hub in the Middle East, Africa and South Asia (MEASA) region.
