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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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The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. In Summary.

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

PYMNTS

MAS also proposed new powers to prevent people from working in the financial industry if they’re found to be “unsuitable,” boost the framework for managing risk in tech, and make dispute resolution more effective. The two organizations said an international consensus could help speed up transactions across borders.

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ControlScan bolsters cybersecurity technology through Dunbar acquisition

Payments Source

Seeking to bring advanced technology to its managed security services, ControlScan has acquired Dunbar Cybersecurity and its security operations center.

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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. Ensure leadership buy-in. Make the topic ubiquitous.

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

Perficient

AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management.

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Hackers Employed By China Infiltrate Norwegian Software Company Visma

PYMNTS

Reuters , citing cybersecurity researchers, reported that the attack was part of a global hacking campaign initiated by the Ministry of State Security in China aimed at stealing intellectual property and corporate secrets. Visma made the hack public to raise awareness about the campaign.

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