Cybersecurity researchers at BAE System believe that a hacking crew operating out of North Korea were behind a recent malware and money-moving attack on Far Eastern International Bank in Taiwan.
(Bloomberg) -- Regulators worldwide are finding that it’s incredibly hard to control the explosive growth of money tied to no nation.
A Taiwanese bank has become the latest to fall victim to hackers planting malware on its servers and sending unauthorised, doctored messages through the interbank Swift network.
Global digital payments volumes are predicted to increase by an average 10.9 percent through to 2020, reaching nearly 726 billion transactions, according to the World Payments Report 2017 (WPR 2017).
The SWIFT Institute has published three new working papers, each aiming to contribute towards the establishment of better cyber defences for the financial industry. The research papers focus on enabling financial institutions to get ahead and stay ahead of their cyber adversaries by providing a better understanding of the actors involved, examining a means to effectively share threat information, and establishing common terminology to allow meaningful discussions between industry stakeholders.
Thomson Reuters has launched SECPlus Advanced with features to improve the workflow of financial reporting professionals. Built on the strength of its SECPlus SEC Filings research solution, SECPlus Advanced offers more precise search options, new filtering capabilities, faster results navigation, instant access to related documents, and a new filings comparison feature.
Silicon Valley analytic software firm FICO today announced that its new Falcon consortium models for payment card fraud detection include machine learning innovations that improve card-not-present (CNP) fraud detection by 30% without increasing the false positive rate, a standard metric for fraud model performance.
The Securities and Exchange Commission says that crooks may have accessed the personal information of two people during the 2016 breach at its Edgar corporate disclosure database.