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Information Security

Global investment in fintech bounced back strongly in the first half of 2021, hitting $98 billion with a record number of deals, according to KPMG.

Morgan Stanley says the personal information of stock plan participants has been stolen after a third-party vendor suffered a data breach thanks to a vulnerability with file sharing software from vendor Accellion.

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 has teamed up with research outfit TNO to develop "self-healing" cybersecurity software that repairs itself when under attack from viruses.

Source: European Commission

The Commission is today laying out a vision to build a new Joint Cyber Unit to tackle the rising number of serious cyber incidents impacting public services, as well as the life of businesses and citizens across the European Union.

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.

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.

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.

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.

The European Banking Authority (EBA) has taken all email systems offline after being hit by a cyber-attack targeting its Microsoft Exchange Servers.

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.

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, 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.

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