Pressure is mounting on Chief Technology Officers (CTOs) to step up to the plate and protect British businesses from damaging cyber attacks. This is according to the CTO of Advanced, which has published a new white paper on the need for CTOs to act as the new lynchpin for connecting the entire organisation and ensuring cyber security becomes a board level priority.
2016 saw a big increase in financial phishing and banking malware, with crooks particularly targeting Android users, according to cybersecurity specialist Kaspersky Lab.
The UK's Financial Conduct Authority (FSA) has inked a deal with the Ontario Securities Commission (OSC) designed to make it easier for fintech startups from each market to gain access to the other.
The European Banking Authority is to relax proposed rules on a requirement for strong customer authentication for all payments under EUR10, after being on the receiving end of a volley of complaints from industry participants who claimed that the mandate would lead to more declined transactions and abandoned purchases at the checkout.
Digital currencies such as Bitcoin will not be safe without government intervention and are likely to be counterfeited, according to a Bank of Canada report drawing on the lessons off private bank notes in the 1800s.
US bank lobby group The Clearing House has called for an overhaul of how its members deal with AML requirements, arguing that they should spend less time and money on submitting suspicious activity reports and instead concentrate on using more innovative methods to thwart money laundering and terrorist financing.
IBM has struck a deal with Visa which will give all of Big Blue's Watson IoT platform customers access to the card giant's payment services, potentially turning billions of cars, fridges, sneakers and other connected devices into points of sale.
At the 8th Annual Cloud Security Alliance (CSA) Summit at RSA in San Francisco today, Skyhigh Networks, the world’s leading Cloud Access Security Broker (CASB), unveiled a new survey, “Custom Applications and IaaS Report 2017.” Conducted in partnership with the CSA, the report provides striking details around widespread migration of custom or internally developed applications from corporate datacenters to infrastructure-as-a-service (IaaS) platforms such as the Amazon Web Services (AWS) Cloud, Microsoft Azure and Google Cloud Platform.
