DTCC and FS-ISAC light a beacon in the fight against cyber-invaders
September 25, 2014 - The US Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Depository Trust and Clearing Company (DTCC) have developed a centalised utility for financial firms to post and share information related to cyber-attacks and security threats.
Fed sets up tokenisation work group
September 25, 2014 - The Federal Reserve Bank of Boston is to set up a working group to tackle the interoperability and technology challenges of using digital account tokens to replace card numbers for online and mobile purchasing.
Visa creates 2000 full-time tech jobs
September 24, 2014 - Visa is ramping up its tech investment, creating 2000 full-time technologist positions and opening a development centre in India.
Sanction against Credit Suisse Funds AG for breaching the rules on regular reporting obligations
September 24, 2014 - SIX Exchange Regulation, which is charged by SIX Swiss Exchange Ltd with the monitoring and enforcement of issuer obligations, has by means of a sanction notice imposed a fine of CHF 10'000 on Credit Suisse Funds AG, Zurich, for breaching the rules governing the regular reporting obligations. In January 2014, Credit Suisse Funds AG sent a notification regarding a distribution relating to certain Exchange Traded Funds (ETFS) too late.
SEC fines BarCap $15 million for systemic compliance failures after Lehman acquisition
September 24, 2014 - The Securities and Exchange Commission today charged Barclays Capital Inc. with failing to maintain an adequate internal compliance system to ensure the firm did not run afoul of any federal securities laws after its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.
BBA to develop financial crime alert system; EBF signs MoU with Interpol
September 23, 2014 - The British Banking Association is working with BAE Systems Applied Intelligence to develop a financial crime alert system that will see 12 government and law enforcement agencies warn banks of the latest threats to their integrity.
Banks warned on IT Risks
September 22, 2014 - EU supervisory authorities are warning banks to reinforce IT controls and audits on third-party technology providers and to ringfence budgets related to operational risk.
Home Depot says 56 million payment cards compromised in breach
September 19, 2014 - US retail chain Home Depot says that 56 million payment cards are at risk following a malware-laden cyber-attack on eftpos tills across its stores in the US and Canada.
