A groundbreaking partnership between DCMS, GCHQ and the nation’s top tech start-ups to develop new technologies aimed at protecting the UK from cyber attacks has been announced.
In the wake of the $81 million Bangladesh Bank hack, the Committee on Payments and Market Infrastructures (CPMI) has set up a task force to look into the security of wholesale payments that involve financial institutions.
Brits are nearly twice as likely to trust banks to store and keep safe their biometric information as they are to trust government agencies, according to a survey from Visa.
As regulators focus more on risk data aggregation, bankers would be well advised to devote more time and resources to RegTech and other next-generation systems. That’s according to a new white paper by Wolters Kluwer’s Finance, Risk & Reporting business.
New York Governor Andrew Cuomo has set out a host of new cybersecurity regulations for banks and insurance companies in a bid to protect consumer data and financial systems from crooks and terrorists.
US exchanges, clearing houses, trade repositories and dealing platforms will have to test their systems for cyber-vulnerabilities at least once a quarter under new rules approved by the Commodity Futures Trading Commission.
Wells Fargo has been fined $185 million for opening up to two million unauthorised deposit and credit card accounts, issuing and activating debit cards without consent and creating phony email addresses to enrol people in online services.
AxiomSL CEO Alex Tsigutkin will present ‘Staying ahead of the regulatory curve: Focusing on firms’ sustainability and profitability with all of the IT transformation and regulatory compliance controls in place’ at this year’s Sibos conference in Geneva.
