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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett.

Fraud 180
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Theranos Thrashed By Investor Law Suit

PYMNTS

The suit was filed by San Francisco-based Partner Fund Management in Delaware Court of Chancery on Monday October 10. The suit was filed by San Francisco-based Partner Fund Management in Delaware Court of Chancery on Monday October 10. Theranos, a U.S. The firm faces civil and criminal investigations.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

Every other person had a physics PhD and worked in risk management for large capital markets trading desks. Not from a Bitcoin speculation point of view, but from an operating, business model perspective. Once internal operational efficiencies are out of the way, tokenized systems assail traditional asset classes. but “How?”.

Bitcoin 40
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Cloud Wars: How The Rivalry Between Amazon, Microsoft, and Google Has Enabled The Rise Of Multi-Cloud Strategies

CB Insights

Businesses around the world are looking to adopt cloud services as a way to lower infrastructure costs, accelerate software deployment, and increase operational flexibility. Cloud computing startups develop technologies for remote (off-premises) servers used to store, manage, and process data. Track Cloud Computing Startups.

Google 60
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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Payments and money transfers.