British Airways has been hacked, compromising the card details of hundreds of thousands of customers who used its website and app over a two-week period.
Alex Cruz, BA's boss says that the website suffered a "sophisticated, malicious criminal attack".
The Association of National Numbering Agencies (Anna) and the Global Legal Entity Identifier Foundation (Gleif) have inked a deal to link International Securities Identification Numbers (Isins) and Legal Entity Identifiers (LEIs) in an effort to improve exposure management between trading counterparties.
The infamous Cobalt hacking group, responsible for hundreds of millions of dollars of damages to financial institutions, appears to be embarking on a new campaign.
According to researchers at security firm Netscout, the crooks have already targeted Russia's NS Bank and Romania's Patria Bank with their latest scam.
Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.
Facebook, already facing scrutiny over how it handles the private information of its users, said on Friday that an attack on its computer network had exposed the personal information of nearly 50 million users.
Source: DFSA
The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) today entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority.
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.
The Singapore FinTech Association (SFA) and Thomson Reuters are to collaborate on projects to promote the country's fintech industry and strengthen its fight against cybercrime.
