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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227
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Big data analytics and cybersecurity take center-stage in payments systems

Accenture

Sibos 2015 in Singapore brought them into sharp focus – specifically: Big Data Analytics, Cyber-security, Bank & FinTech Hubs, Cryptocurrencies/Blockchain Technology, Trade Finance and APIs. Some big themes dominate Payments today, and each is likely to endure for many years. Read more.

Big Data 154
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Bitcoin Daily: Singapore’s MAS Looks To Expand Regulation Of Digital Token Services

PYMNTS

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release.

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Hackers steal $31M of the cryptocurrency tether

Payments Source

The incident will fuel the debate on Wall Street over whether digital coins are secure enough to enter the mainstream of finance.

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Today In Data: CopyCat And Cyberattack Talk

PYMNTS

Cyberattacks are never welcomed by any piece of technology. The attack saw a ransom of $300 in cryptocurrency demanded from corporates to unlock their computers. Play Protect secures users from the family, and any apps that may have been infected with CopyCat were not distributed via Play.”.

Data 130
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The Surprises Edition: Ethereum, PayPal And The Fed

PYMNTS

” Such was the difficulty on the Ethereum cryptocurrency network this week, when a few hundred million dollars (no specific amount has been released yet) were frozen due to a vulnerability in the wallet. We’d say, don’t bank our future on cryptocurrency – but of course we already knew that. (Peanuts and sardines come to mind.)

St. Louis 108
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Crypto users must be able to trust their wallets more than their bank

American Banker

There is an urgent need for a new class of security solutions that will allow people to retain control of their decentralized financial lives with confidence and safety.