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Today’s Cyber Risk Management

Cisco

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. In between these events, a different crisis began in the US sub-prime lending market. The subsequent regulatory activity in response to these events focused on operational risks.

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Bitcoin Daily: ‘DeFi' Becomes Popular Crypto Rebranding Term; G7 Expresses Concern Over Ransomware

PYMNTS

An operating system that has been active for a minimum of three years, Tron , recently issued a DeFi token. In one instance, Tron’s TRX coin’s market value is linked to the Sun Genesis Mining DeFi coin and spiked by $800 million in the three days following the new token’s unveiling.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

Where does the vendor operate (e.g., Tools such as the ABC National Risk Score in the US, which provides a general rating of cyber risk for benchmarking, and the FICO® Cyber Risk Score, which provides company- specific metrics, may be leveraged in combination to provide a directionally correct view of relative risk.

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UK Banks Halt Foreign Currency Service Due To Travelex Attack

PYMNTS

“We have now contained the virus and are working to restore our systems and resume normal operations as quickly as possible,” the company said in a statement. Travelex, owned by the Abu Dhabi-based financial services group Finablr , serves over 70 markets. The National Cyber Security Centre said it was providing technical support.

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Bitcoin Daily: Mark Cuban Prefers A ‘Pet Rock’ To Bitcoin, UK Warns PC Users Of ‘Cryptojacking’

PYMNTS

From day one, Bitcoin was marketed to the world as a fast & cheap global payments network. ’s National Cyber Security Centre said that cryptojacking could very well “become a regular source of income for website owners,” CoinDesk reported. And it may not be going away: The U.K.’s

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Mastercard May Seek Payment Licensing In China

PYMNTS

Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. China announced this summer that it would let non China-based payment card companies operate in the country, but they would have to follow China’s rules.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Nearly four years later, that hasn’t changed. The law is still ambiguous.