Brad Smith, Microsoft's President and Vice Chair, vows to fully address security failures outlined in a March Cyber Safety Review Board report during his April 12, 2023 testimony at the Semafor World Economic Summit in Washington D.C. He acknowledges Microsoft's pivotal role in global cybersecurity, operating data centers in 32 countries and collaborating closely with the U.S. government and allies.

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform to integrate regulatory and climate data, aiding financial authorities in managing climate risks.

In a notable development for the technology sector, Janco Associates has reported the first signs of a potential recession impacting IT professionals. The latest data indicates a concerning uptick in the unemployment rate for IT workers, a shift that could signal broader economic challenges ahead.

Mastercard has set an ambitious goal to achieve 100% e-commerce tokenisation in Europe by 2030. This initiative aims to phase out manual card entry, making online shopping safer and more accessible for consumers and merchants alike.

The U.S. Department of the Treasury is inviting public comments on the risks and opportunities presented by the use of artificial intelligence (AI) in the financial services sector.

Source: Commonwealth

Commonwealth released key insights gleaned from a three-year project supported by JPMorgan Chase designed to achieve the promise of artificial intelligence for all by focusing on ensuring that the needs of households earning low to moderate incomes (LMI) are understood and integrated into financial design and implementations.

Australian rare earth mining company Northern Minerals reported that cybercriminals stole sensitive corporate secrets from its systems shortly after the government forced several Chinese investors to divest their shares.