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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 other news, the G7 warned of the utilization of nefarious cyber-attacks – and ransomware, in particular — according to a Tuesday (Oct. 13) statement posted on the U.S. Department of Treasury website.

Bitcoin 196
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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. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

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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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Four Steps for Managing Third-Party Cyber Security Risk

FICO

Where does the vendor operate (e.g., On the basis of the categorization, tools like the FICO® Cyber Risk Score can be used to group organizations into portfolios where cyber risk and vendor impact/criticality can be considered together. what services are being supplied)? Is this a new relationship or an established one?

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Global Cyber Attack Hits 100k Institutions In 150 Countries

PYMNTS

As has been widely reported, a massive attack hit everything from the United Kingdom’s National Health Service, European automakers and Chinese firms and any number of companies across other verticals, winnowing its way through disparate countries into Saturday. Hospitals shut down in Europe. Similarly FedEx Corp., Similarly FedEx Corp.,

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North Korea Likely Behind Ransomware Attacks, According To Symantec

PYMNTS

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group.

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Personalization of Customer Services.