The Committee on Payments and Market Infrastructures (CPMI) has set out a plan to improve the security of wholesale payments that involve financial institutions in a bid to prevent a repeat of last year's $81 million Bangladesh Bank hack.
New regulation and advancing criminal methodologies have seen financial crime compliance costs continue to soar in financial institutions in the last two years, according to new research from LexisNexis Risk Solutions, the global information solution provider, a part of RELX Group.
Interest in enterprise blockchains and Distributed Ledger Technology (DLT) has grown significantly in the past few years, with at least 115 DLT startups now employing more than two thousand people and many large corporations and public sector institutions focusing on DLT, says the first Global Blockchain Benchmarking Study by the Cambridge Centre for Alternative Finance (CCAF), supported by VISA and professional services firm Ernst and Young (EY).
The number of security vulnerabilities detected in the financial services sector has increased by over 418% in the last four years, according to new research from global cyber security and risk mitigation expert NCC Group.
Wall Street's top regulator says that a 2016 breach at its corporate disclosure database may have enabled hackers to profit from trading on inside information.
The details of more than 200,000 Visa and Mastercard cards were stolen during the recent cyber-breach at credit referencing firm Equifax. Visa and Mastercard have been sending out confidential alerts - seen by security blogger Brian Krebs - to financial institutions across the US warning about the compromised cards.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today reported the results of its "2017 Insurance Asset Management Technology Outlook." One of the key findings of the survey revealed that addressing local regulation and accounting standards was the leading operational challenge when it comes to firms' expansion strategies.