Hackers breach Binance to steal $40 million of bitcoin in a single transaction
Hackers have stolen 7000 bitcoins worth $40 million in one transaction on crypto exchange Binance.
Binance announced this morning that it had discovered a "large scale security breach" involving the theft of user API keys, 2FA codes, and potentially other info, alongside the withdrawal of 7000 bitcoins.
AxiomSL Recognized for Exemplary Information Security Practices with ISO 27001 Certification
AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, today announced that it has received ISO/IEC 27001:2013 certification (known as ISO 27001). The certification covers AxiomSL’s core software and ControllerView® flagship product, its system development, professional and client support services and company operations. It also covers AxiomSL’s cloud-based solutions, operations and client support.
Automation could displace 40 FS industry job roles - Ernst & Young
Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.
ECB exec: Next financial crisis to arise from cyberattack
A senior executive at the European Central Bank has warned that the next financial crisis may be triggered by a cyber attack.
US banks and fintechs form group to tackle customer data-sharing
Some of America's biggest banks have joined forces with fintech firms to launch a non-profit organisation that tackles the contentious issue of sharing consumer data.
Bank of America, Citi, JPMorgan Chase and Wells Fargo are among the banks backing Financial Data Exchange (FDX), alongside a host of firms, including Intuit, Xero and Yodlee, that want access to consumer account data.
Data privacy laws threaten to stop fintech in its tracks - Asifma
A fragmented patchwork of data privacy rules threatens to upend the promise of new developments in financial technology across Asia, a leading trade body has warned.
Asifma, the financial industry’s regional trade association, highlights the challenges faced by firms in grappling with a multitude of regulatory mandates and suggests that policymakers focus on broad principles rather than precise rules.
Facebook Faces EU Privacy Probe Under New Beefed Up Data Law
(Bloomberg) -- Facebook Inc. has become the first big test case for the European Union’s beefed up privacy rules as Ireland’s data watchdog opened a probe into a security breach announced last week that affected as many as 50 million accounts.
UOB adopts machine learning tools to combat financial crime
United Overseas Bank is to apply machine learning technology from local RegTech startup and accelerator graduate Tookitaki across its entire anti-money laundering framework following a successful six-month pilot trial.
