Things worth reading: 25th August 2016
Chris Skinner
AUGUST 25, 2016
Things we’re reading today include … U.S. Things we’re reading today include … U.S.
Things worth reading: 15th March 2017
Chris Skinner
MARCH 15, 2017
Things we’re reading today include … Identity fraud reached record levels in 2016 Iceland’s recovery shows benefits of letting over-reaching banks go bust Taxpayer stake in Lloyds Banking Group goes below 3pc Bitcoin ETF: quick silver Charlotte Hogg resigns as Bank of England deputy governor The five charts that show how economically (..)
Cyber Security 
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Trending Sources
Four Steps for Managing Third-Party Cyber Security Risk
FICO
JULY 31, 2019
The Cyber Insurance Market Report, published by Allied Market Research, forecasts that the global market for cyber risk coverage is expected to garner $14 billion by 2022, registering a CAGR of nearly 28% during the period 2016-2022.
PYMNTS Daily Data Dive: U.K. Banks Concealing Cyber Attacks
PYMNTS
OCTOBER 17, 2016
Shlomo Touboul, Chief Executive of Israeli-based cyber security firm Illusive Networks believes that banks are under constant attack. 500 million | The amount that big banks spend on cyber security, according to the cyber security provider Zenedge. financial institutions so far in 2016.
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Cyberattacks Have Hit Majority Of Big UK Businesses
PYMNTS
MAY 9, 2016
government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Also, a new National Cyber Security Center will be established to help support businesses. Roughly two-thirds of large businesses in the U.K. have been victims of that activity. billion ($2.7
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FBI Charges Russian National With Running Online Hacker Marketplace
PYMNTS
MARCH 10, 2020
was first exposed as a nest of cybercrime activity in a now removed Digital Shadows report from 2016, according to ZDNet , and those in-tune with cyber-security issues were not shocked to hear of Firsov’s arrest. He was active on cybercrime forums, advertising Deer.io regularly, the FBI said.
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GuardKnox Secures $21M To Boost Cybersecurity For Connected Cars
PYMNTS
JUNE 4, 2019
We are solving a critical industry pain point and believe our approach to high-performance hardware architecture and secured ECU’s is the best way for companies to ensure the safety of their connected and autonomous vehicles.
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2017 will bring continued cyber concerns for finance and banking sector
Bobsguide
JANUARY 9, 2017
2016 has been a big year in cyber security. The Internet of Things (IoT) facilitated Distributed Denial of Service (DDoS) attacks on scales never seen before. The Russian ‘Fancy Bears’ hacking team leaked athlete’s medical data, and Tesco Bank suffered a very public incident when.
3 Reasons to Visit INFORMS 2016, April 10-12, in Orlando
FICO
APRIL 7, 2016
Also, Scott Zoldi, FICO’s CAO and a renowned thought leader on fraud analytics, will speak as part of the event’s Fraud Detection and Cyber Security track. Session information is below: Fraud Analytics and Big Data Technologies Tackle Cyber Security Scott Zoldi, Tuesday, April 12, 3:40 – 4:30 PM, Grand B.
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Tidal Looks Into ‘Potential Data Breach’
PYMNTS
MAY 18, 2018
We have engaged an independent, third-party cyber-security firm to conduct a review of what happened and help us further protect the security and integrity of our data,” Sanders said in a statement. “We In 2016, Kanye West released a new album, “The Life of Pablo,” exclusively on Tidal.
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OCC fines Morgan Stanley $60 million for 2016 data breach
American Banker
OCTOBER 8, 2020
The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.
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U.S. Senate Asks SEC To Update Cyberattack Protocols
PYMNTS
SEPTEMBER 26, 2017
As for the SEC, Chair Jay Clayton – who has said he considers cyber security to be a top priority for the agency – will be questioned by senators this week over how hackers were able to access non-public information in its EDGAR database in 2016.
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115 BEC Run Out Of Detention Center Nets Millions
PYMNTS
SEPTEMBER 17, 2018
The scams netted an alleged $25 million from 2014 to 2016. “In In terms of data illuminating larger trends, the National Cyber Security Alliance found that roughly 50 percent of smaller firms have been victim of a cyberattack. He and an accomplice operated from Nigeria, targeting the U.S., ” The Larger Trends.
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Mastercard May Seek Payment Licensing In China
PYMNTS
JULY 25, 2016
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. Credit card companies that want to set up shop in China have to follow the country’s national and cybersecurity rules and law.
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Payment Security: Aligning To A Broader “Digital Business Transformation” Agenda
PYMNTS
AUGUST 1, 2016
To attend this live digital discussion on Wednesday, August 31, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. James Jenkins, Director at CA Technologies, has earned a wealth of thought leadership experience in SaaS, payment, and cyber security. Director, CA Technologies.
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Q3 Global Fraud Attack Index Data Deep-Dive
PYMNTS
SEPTEMBER 30, 2016
To attend this live digital discussion on Thursday, October 13, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. In 2008, before its acquisition by PayPal, Michael led Product at Fraud Sciences, where he faced some of the most challenging questions in the cyber security ecosystem.
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'The Furthest Thing from Uber': Overheard at Digital Banking 2016
American Banker
JUNE 28, 2016
Bankers, fintech entrepreneurs, regulators and other financial services players gathered in New Orleans last week to discuss the future of the industry at American Banker 's Digital Banking 2016 conference. Here are some of the highlights of the conference. For more, check out the hashtag #digibank16 on Twitter.
Speed Dating: Invoice-to-Cash In The Digital Age
PYMNTS
MAY 24, 2016
To attend this live digital discussion on Wednesday, June 15, 2016 at 1:00 PM (EST), please complete the registration form shown below. On Wednesday, June 15, 2016 at 1:00 PM (EST) join Ed Jordan, CFO of Billtrust, and Karen Webster, CEO of MPD, for an interactive discussion on the new digital AR revolution. contact-form-7].
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109 World Development Report 2016
Bankelele
JANUARY 28, 2015
These include exclusion (elite take the lion’s share), efficiency may lead to inequality, cyber security attacks & wasted projects , while more innovation may lead to job destruction. However, access has been unevenly spread and there are risks and challenges brought by the internet.
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Inside China’s Cyber, Financial Regulatory Changes And Challenges
PYMNTS
FEBRUARY 24, 2020
The country takes privacy, particularly financial privacy, seriously, passing its Cyber Security Law in 2016, followed by the Personal Information Security Specifications in 2018 and the MLPS 2.0 Foreign and domestic firms alike are still dealing with questions surrounding its cybersecurity laws.
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5 Cyber Predictions for 2017: Will Your Fingerprints Get Hacked?
FICO
DECEMBER 19, 2016
In the world of cybersecurity, 2016 was a banner year – and not in a good way. The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. That’s the bad news.
4 Analytic Predictions for 2017 – From Killer Devices to AI Hype
FICO
NOVEMBER 30, 2016
In many ways I think 2016 was the year that analytics hit the mainstream. At cocktail parties and in coffee shops, 2016 has been the year that we data scientists suddenly felt a bit like – dare I say it? analytics 2016” returned 52.3 Enterprises: Lax cyber security? Have a poor security posture? rock stars.
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40 EMV’s Online Fraud Attack Push
PYMNTS
MAY 9, 2016
Join Michael Reitblat, Co-Founder and CEO of Forter, and Karen Webster, CEO of MPD, for a live digital discussion on Tuesday, May 24, 2016 at 1:00 PM (EST). In 2008, before its acquisition by PayPal, Michael led Product at Fraud Sciences, where he faced some of the most challenging questions in the cyber security ecosystem.
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100 Deadline for Queen City FinTech Spring 2016 Accelerator is This Week
Fintech Labs Insights
JANUARY 5, 2016
The deadline for applications to join the Spring 2016 cohort of the Queen City FinTech Accelerator Program is this Wednesday, January 6. ” The post Deadline for Queen City FinTech Spring 2016 Accelerator is This Week appeared first on Finovate. QCFinTech is based in Charlotte, North Carolina, a major U.S.
Deadline for Queen City FinTech Spring 2016 Accelerator is This Week
Fintech Labs Insights
JANUARY 5, 2016
The deadline for applications to join the Spring 2016 cohort of the Queen City FinTech Accelerator Program is this Wednesday, January 6. ” The post Deadline for Queen City FinTech Spring 2016 Accelerator is This Week appeared first on Finovate. QCFinTech is based in Charlotte, North Carolina, a major U.S.
M-Pesa open API part of wider payments progress
Banking 2020
NOVEMBER 8, 2015
In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. This change is aimed at promoting innovation and low cost electronic payment solutions while ensuring that security and data protection are not compromised,” said the European Payments Council.
Finovate, FinDEVr Alums Among Winners of 2016 Fintech Innovation Awards
Fintech Labs Insights
APRIL 27, 2016
Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards , five went to Finovate/FinDEVr alums. ” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. ” Innovation in Data Solutions: Nomis Solutions – FinovateSpring 2012.
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Cyber Risk: Businesses Show “Irrational Exuberance”
FICO
JULY 30, 2018
She is the founder of QuadMetrics , a company that built the world’s first cybersecurity rating systems, and was acquired by FICO in 2016. Josh agreed that there is tremendous growth opportunity in the cyber security business; international market penetration is at less than three percent, while the US market is currently the most covered.
FinovateFall Sneak Peek: Uniken
Fintech Labs Insights
AUGUST 16, 2016
A look at the companies demoing live to 1,5000+ fintech professionals on September 8 & 9, 2016. Levine is an established cyber security “insider” having built & exited 2 firms focused in the sub-field of Identity and Access Management. He has 20 years of focused cyber security experience. Register today.
Today In Data: CopyCat And Cyberattack Talk
PYMNTS
JULY 7, 2017
The malware campaign stretched across April and May of 2016 and had as its breeding ground third-party app stores, among other conduits, skirting Google Play. The attack saw a ransom of $300 in cryptocurrency demanded from corporates to unlock their computers.
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130 FinovateAsia Sneak Peek: FixNix
Fintech Labs Insights
OCTOBER 25, 2016
A look at the companies demoing live at FinovateAsia on November 8, 2016 in Hong Kong. Shan, worked for Capillary Technologies as CISO, gaining extensive experience and deep understanding of software and cyber security. Pick up your tickets today and save your spot. Shanmugavel Sankaran, Founder and CEO. Sankaran, a.k.a.
Staying Connected: Where Auto Suppliers Are Making Private Market Bets In Sensors, Self-Driving, & Cybersecurity
CB Insights
NOVEMBER 7, 2017
Connected vehicle cybersecurity: As connected vehicles have proliferated, so have firms focused on securing them. Connected car and infotainment specialist Harman acquired TowerSec in January 2016 (prior to Harman’s own acquisition by Samsung).
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40 What Does Your Wearable Tech Tell a Cybercriminal?
FICO
FEBRUARY 2, 2017
Cars, home systems (heating, lights, door locks) and appliances are vulnerable to tampering, as the now-infamous doorbell hack of 2016 proved. The FICO® Enterprise Security Score allows organizations to assess their own security posture, and that of business partners’.
ESET Finds Malware That Could Target Power Supplies
PYMNTS
JUNE 13, 2017
In a press release , the company said the malware was probably involved in the December 2016 cyberattack on Ukraine ’s power grid that prevented part of its capital, Kiev, from getting power for more than an hour.
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Trulioo’s GlobalGateway Available in BRIC Countries
Fintech Labs Insights
MAY 24, 2016
Last month, Trulioo won the Innovation in Cyber Security Award at the 2016 Fintech Innovation Awards. .” GlobalGateway enables businesses and banks to verify 4 billion new and existing client identities from 45 countries via 145 data sources to maintain KYC and AML compliance.
FinDEVr APIntelligence
Fintech Labs Insights
MARCH 29, 2017
Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub. Fiserv reports nearly 30 banks and CUs deployed its digital banking technology in 2016, taking the total number of FIs using its online banking solutions to 3,500. BBVA among the latest companies to join Hyperledger.
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12 10 Who Had a Rough Year
American Banker
DECEMBER 21, 2016
Scandal, business models gone awry, missing money and executive shake-ups — 2016 had it all. Here are the financial services executives or groups of them who took the heat and will be looking for better times in 2017.
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28 10 Ways We Make the Cybersecurity Executive Order Actionable
FICO
MAY 22, 2017
That said, in reading the text of the order, I was struck by the broad alignment of its goals and directives with the goals, use cases, and specific capabilities that we’ve enabled with the FICO Enterprise Security Score (ESS). But the capabilities of the product and the use cases that it enables are entirely consistent with those directives.
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45 Eddie Bauer Breached; Card Data Was Compromised for Six Months
American Banker
AUGUST 19, 2016
Eddie Bauer acknowledged that a data breach compromised credit cards used in its 350 stores during the first six and a half months of 2016.
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FinDEVr APIntelligence
Fintech Labs Insights
NOVEMBER 18, 2015
We’re taking the fintech developer tool showcase to New York on March 29 & 30, 2016. Arxan announces Cyber Security scholarship program. Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. Stay tuned for details.
Are you onboard with AI?
NCR
DECEMBER 7, 2016
Royal Bank of Scotland will start using it for online communication from December 2016. As disquieting a prospect as this is, the firm also pointed out that banks can position themselves for success in this new era by leveraging their data, building positive partnerships and delivering a high standard of cyber security.
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BEC Scams Nearly Double Over Three Years
PYMNTS
JULY 29, 2019
As noted by the Financial Crime Enforcement Network (FinCEN), the number of reports of BEC rose to a monthly average of more than 1,100 in 2018, where the tally had been 500 in 2016. That translates to a value of attempted BEC threats that jumped from $110 million monthly in 2016 to $301 million monthly in 2018.
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138 From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web
NCR
MAY 3, 2016
One such group stole over $100 million in March 2016 from the Bangladesh central bank account at the Federal Reserve Bank of New York. Attackers successfully used GozNym to steal an estimated $4 million by targeting the customers of banks in April 2016.
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40 Finovate Debuts: Uniken Introduces Relationship-Based Authentication
Fintech Labs Insights
DECEMBER 14, 2016
Pictured (left to right): Uniken’s Robert Levine (VP, Business Development) and Bimal Gandhi (CEO) demonstrating REL-IDverify at FinovateFall 2016. I talked with Uniken CEO Bimal Gandhi during rehearsals at FinovateFall 2016, and followed up a few weeks later with some questions via email. His responses are below.
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