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Australia, New Zealand Take A Hard BEC Scam Hit

PYMNTS

million has been stolen from businesses as a result of these attacks, the latest data from the Australian Cyber Security Center (ACSC) as reported by SmartCompany revealed. Reports noted one business, hedge fund Levitas Capital, was forced to shutter operations following a whopping $6.4 In total, about $104.5

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Reduce your accounting firm’s cyber risks with these 8 actions

Abrigo

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. A central method for creating a strong cyber security culture is generating awareness. People are probably exchanging convenience for security.”

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Microsoft Forms Cloud Accounting Startup To Rival Xero

PYMNTS

Reports on Monday (May 14) said the companies will launch Wiise in July, owned by KPMG and operated through a joint deal between Microsoft and CBA. Microsoft is also integrating its artificial intelligence, voice recognition and cyber security capabilities into the solution.

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Regulators Want Answers From Uber Over Hidden Hack

PYMNTS

s National Cyber Security Centre to determine how large the breach was and how many people in the U.K. Earlier this year, London’s transport authorities declined Uber’s application to renew its operating license, banning the ridesharing company from operating in the U.K.’s s capital. were impacted by it.

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One City Plans To Run Entirely On Blockchain

PYMNTS

The implementation occurred in partnership with CME Group and, according to Citi, the software “could materially reduce the cost of back-office operations and speed up margin funding times.”. Currently,” Citi explained in its announcement, “banks have to set aside capital as they wait for collateral to be settled.

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Finovate Alumni News

Fintech Labs Insights

Credit Donkey lists StockTwits , TradeKing , SigFig , DriveWealth , and Personal Capital among its Best Investing Apps of 2017. Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.

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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

One such attack by the group Unlimited Operations was able to net over $40 million. It ends with encouragement to utilize cyber-security resources like the ones I mentioned earlier. Keeping your policies and procedures up-to-date and capitalizing on valuable cyber-security resources will also help in these proactive efforts.'

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