Tagged: cybersecurity

Crypto-Security: BlockSafe Uses Tech We All Know to Protect Against Crypto Hacks & Scammers

Cryptocurrency and cybersecurity are at a crossroads. We have all read about huge exchange hacks pilfering gazillions of dollars worth or crypto. Of course, there are the wallet hacks too.  As the blockchain / cryptocurrency industry continues to professionalize, defensive measures designed to mitigate security… Read More

FCA Competition Director Chris Woolard Addresses Financial Crime & Virtual Currencies

Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), delivered a speech today on the hot topic of cybersecurity, crime and financial services. Delivered at a “TechSprint” in London, Woolard said it was time to bring regulators and tech specialists… Read More

U.S. Bank Teams Up With Plug and Play to Increase Cybersecurity Innovation

Plug and Play announced on Friday that U.S. Bank (USB) has joined its Cybersecurity Innovation Platform as it prepares to kick off its first cohort. According to the hub, through this expanded partnership, U.S. Bank will engage with leading entrepreneurs in the Cybersecurity and Fintech sectors… Read More

World Economic Forum Convenes New Consortium Including Citigroup, Zurich Insurance Group & Kabbage to Address Fintech Cybersecurity

The World Economic Forum announced the creation of a new consortium to strengthen cybersecurity for fintech companies and data aggregators. The consortium’s founding members include global bank Citigroup, insurance company Zurich Insurance Group, fintech lender Kabbage, infotech company Hewlett Packard Enterprise (HPE), and financial infrastructure… Read More

On Guard! Rivetz & Ammbr Unite to Promote Multifactor Authentication

Rivetz Corp., a provider of mobile, decentralized security solutions for business customers worldwide, today announced a partnership agreement with Ammbr, a decentralized mesh network tokenizing broadband internet access founded earlier this year and based in Singapore. Rivetz and Ammbr will work together to integrate and… Read More

Russian National Settlement Depository Creates Blockchain Based Confidentiality Solution

Russia’s central securities depository, the National Settlement Depository (NSD), shares that it has created a Blockchain based confidentiality solution. NSD says this opens prospects for implementation of blockchain-based corporate solutions across a broader realm of services. NSD says it took half a year for its development… Read More

SEC Updates on EDGAR Hack that Allowed Intruders to Trade on Non-Public Info

SEC Chairman Jay Clayton has provided an updated on the intrusion into EDGAR that occurred back in 2016. Additionally, the SEC Chair said the Commission would be strengthening its defenses agains future attempts to hack the SECs systems. The investigation has now determined that an… Read More

Dash Teams Up With Bugcrowd For Cybersecurity Services

Dash, a payments-focused digital currency, announced on Thursday it has formed a partnership with Bugcrowd, a crowdsourced security testing company, for cybersecurity services. Dash revealed the partnership will enable thousands of security researchers to be incentivized into identifying critical software vulnerabilities within its code and present… Read More

Christopher R. Hetner to Advise SEC Chair Clayton on Cybersecurity Policy

The Securities and Exchange Commission has announced that Christopher R. Hetner will continue to serve as Senior Advisor to Chairman Jay Clayton for Cybersecurity Policy, having previously served in this role under Chair Mary Jo White and Acting Chairman Michael Piwowar. Hetner will continue to… Read More

Startup Growth Program Invest Georgia Makes Third Commitment: Invests $1 Million in Early Stage Fund TechSquare Labs

Georgia-based start-up growth project, Invest Georgia, has reportedly made its third commitment and invested $1 million in early stage fund, TechSquare Labs. According to VentureBeat, Invest Georgia’s program loose to encourage seed and early-stage companies in Georgia and has previously made investments in TTV Capital and… Read More

Funding Circle Database Records Left Publically Available

Kromtech Security Researchers say they discovered a “massive trove of data” from both businesses and investors on the online lending platform Funding Circle. The data only referenced US based customers and did not impact other markets where Funding Circle originates loans. Reportedly, no data was… Read More

UK Fintechs Collaborate to Prevent Financial Crimes

Since the 2017 launch of the United Kingdom Fintech Financial Crime Exchange (FFE), the group has accumulated seventeen Fintech market leaders. The Exchange allows for Fintech firms to share information and work together in order to prevent the prevalence of financial crimes. The FFE was founded… Read More

Innovate Finance Schedules Event on Cybersecurity in NYC

Innovate Finance, the association for UK’s global Fintech sector, is hosting a forum on cyber security during the inaugural Fintech Week in New York City. Entitled “The Threat is Real: Financial Services, FinTech and Cybersecurity” the event will take place on April 27th at the… Read More

Vietnam Shifts Toward Cashless Economy

Vietnam is moving forward in reducing cash transactions and formalizing electronic payment methods. Deputy Prime Minister Vuong Dinh Hue signed a plan that ensures that the country has the infrastructure and equipment that it needs to progress toward a cashless economy by 2020. Focus areas… Read More

Singapore FinTech Association & Five Polytechnics Focus on Growing Fintech Talent

The Singapore FinTech Association (SFA) has signed MOUs with five polytechnics in efforts to grow and nurture talent in the industry, as well as to improve coordination between educators and fintech industry leaders.  The five entities are Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore… Read More

Hello Muddah, Hello Fadduh: Greetings from Cryptography & Cybersecurity D.C. Summer Camp

Cryptography and cybersecurity studies are not just for college and graduate students. iD Tech, a leading STEM camp provider for kids and teens nationwide, has launched a Cryptography & Cybersecurity course for teens at four iD Tech Camps locations in the D.C. area. The summer course teaches students the… Read More

Baker & McKenzie Release Asian InsurTech Report: Orienteering a Regulations Labyrinth

Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

GAO Publishes Report on SEC Cybersecurity: Opportunities Exist to Improve Controls

The Securities and Exchange Commission (SEC) has received a detailed report from the Government Accountability Office (GAO) regarding controls over financial systems and cybersecurity. In November of 2015, the GAO identified “deficiencies” in the SEC’s internal controls over financial reporting. This new report is a… Read More

Lock it up: SEC & FINRA Weigh in on Cybersecurity Issues

Early in 2014, the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced its intention to conduct an examination of certain registered broker-dealers and investment advisers in order to assess the general vulnerability of the securities industry, as a whole, to cyber-attacks…. Read More

Mambu CEO Eugene Danilkis Disrupts & Innovates P2P / Banking Tech: Focuses on Emerging Economies

Mambu, a cloud banking technology platform provider that works with more than 100 financial innovators worldwide, including Banco Macro, Opportunity International,  Mentors International, and Yale University, uniquely sits at the nexus of the transformation and financial inclusion markets, where new applications and the cloud’s agility… Read More

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