JP Morgan has been fined $18 million by the Securities and Exchange Commission (SEC) for impeding clients and brokerage customers from reporting legal breaches to regulatory authorities. The payments giant has consented to paying the penalty charge.
In 2021, the United States witnessed approximately 1.6 million Bank Secrecy Act (BSA) reports, amounting to $212 billion in suspicious activity, all linked to the exploitation of identity processes during various financial transactions.
JPMorgan Chase has experienced a significant surge in hacking attempts on its systems over the past year, according to Mary Callahan Erdoes, the chief executive of the bank's asset and wealth management division. Speaking at the World Economic Forum in Davos, Erdoes highlighted the escalating threat posed by increasingly sophisticated and rapid cyberattacks.
Source: Holtara
Today sees the launch of new sustainability services brand, Holtara.
The US Securities and Exchange Commission (SEC) Acknowledges Hacking of Official Account in a Cybersecurity Breach
The Commodity Futures Trading Commission (CFTC) is urging policymakers to address identity-related challenges within the realm of Decentralized Finance (DeFi) operations.
Source: e& enterprise
e& enterprise today announced its strategic partnership with Fils, a groundbreaking fintech platform, establishing a new standard in the digital payments sector by promoting sustainability.
The European Central Bank is set to conduct its inaugural thematic stress tests focused on evaluating the cyber resilience of individual banks. These tests, involving 109 supervised banks, will simulate a scenario where a cyberattack successfully disrupts the daily business operations of each bank.
