The Australian Securities and Investments Commission (Asic) has suffered a cyber security breach related to its use of the Accellion file sharing software which was recently at the centre of a similar incident at the Reserve Bank of New Zealand.
The Financial Crimes Enforcement Network (FinCEN) has enforced a $390 million civil money penalty on Capital One for engaging in both "willful and negligent" violations of the Bank Secrecy Act.
The Governor of the Reserve Bank of New Zealand, Adrian Orr, says the recent malicious and illegal breach of a file sharing application used by the Bank is "significant".
Source: Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) today issued revised Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape.
Source: Mastercard
Small businesses are the backbone of economic growth. The needs of small businesses have not changed during the pandemic, but they have grown more acute. With cyberattacks on the rise, small businesses are a huge target.
Source: IHS Markit
IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it has acquired compliance technology provider Cappitech to expand its suite of global, multi-asset class transaction regulatory reporting offerings to the financial industry.
Equifax is to acquire digital fraud prevention network Kount for $640 million.
While Covid-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritise and actively deploy fintech initiatives by regulators.
