The International Monetary Fund says fast-growing finechs pose challenges for both regulators and less technologically advanced banks, whose long-term viability may be under threat.
Bank of Ireland has been fined €463,000 by the Data Protection Commission for a series of data breaches affecting customer personal information.
Block has informed the SEC that a former employee has downloaded reports, without permission, containing customer information on US Cash App users.
Cyber incidents reported to the UK's Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software.
International securities regulator Iosco is setting up a task force to examine the risks and opportunities arising from decentralised finance (DeFI), which it says is quickly evolving to mirror conventional financial markets.
Hacking collective Anonymous claims to have broken into the Central bank of Russia.
The European Securities and Markets Authority (Esma) has fined trade repository Regis-TR €186,000 for eight breaches of the European Market Infrastructure Regulation.
JPMorgan Chase CEO Jamie Dimon is facing criticism from shareholders for failing to provide enough detail about the bank's mammoth technology spending plans and the decision to launch a digital-only bank in the UK, according to the Financial Times.
