Silicon Valley Bank fiasco: US government comes to the rescue
The US government is coming to the aid of customers of Silicon Valley Bank, guaranteeing their funds deposited with the bank. With this, the US government is trying to limit the potential damage from the failure of the bank, which is very important to the tech sector.
Last Friday, the US Treasur... Read more
EU banks face stricter regulations on cloud computing usage
Financial firms in the European Union will have to demonstrate how quickly they can recover from a cyberattack as dependence increases on cloud giants like Amazon, Microsoft, Google, and IBM, the EU said on Monday.
Regulators are concerned about the extent to which banks, insurers, and financial... Read more
‘Cybercriminals stole $30M in multi-year international crime spree’
A French-speaking cybercrime ring is said to have hauled off $30 million from fifteen countries over five years.
The threat actor dubbed OPERA1ER has been linked to a series of more than 30 successful cyberattacks aimed at banks, financial services and telecom companies across Africa, Asia, and ... Read more
Banks of Sweden, Norway and others team up for digital currency trial
The Swedish Riksbank announced that the Norwegian, Israeli and Swedish central banks have joined hands with the Bank for International Settlements to try out international remittance and retail payments using digital currencies.
The partnership of the central banks of Norway, Sweden, Israel and ... Read more
European Central Bank to launch a digital euro prototype
The European Central Bank, Amazon and four other companies are ready to develop a prototype of the digital euro.
The European Central Bank has selected five companies to assist in the testing of the future digital euro project. The conglomeration of banks -- including Nexi, Italy's EPI, France's... Read more
DSIRF is behind spyware targeting law firms and banks, Microsoft says
According to Microsoft, Austria-based firm DSIRF is the main perpetrator behind the spyware targeting law firms, banks and strategic institutions in at least three countries.
On July 27, Microsoft security researchers claimed that Austria-based DSIRF is behind a digital spyware program used to ... Read more
‘Digital bank heists on the rise’
Banks are attacked by insider traders, supply chains remain vulnerable and counter incident response is on the rise. A new report by VMware sheds light on cybersecurity in the financial sector.
VMware surveyed more than 100 security decision-makers in financial institutions worldwide. Roughly ha... Read more
Google survey shows banks reduce potential cloud computing risks
Banks are doing what they can to reduce the risk of using cloud computing services, according to a survey by Google Cloud and Harris Poll. The Bank of England and the Bank of France have voiced concerns about the lack of transparency, citing that banks rely on a concentrated group of outside cloud ... Read more
Salesforce adds new features to Financial Services Cloud
Applying for a mortgage can take an endless amount of time, partly because this process has not been streamlined. Salesforce wants to solve this problem with an update for its Financial Services Cloud, which is used by banks and other financial organisations.
Anyone who has bought a house or app... Read more