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Cybersecurity
Reporting on regulatory requirements, enforcement actions, and best practices to safeguard financial institutions and markets against cyber threats, data breaches, and vulnerabilities through proactive measures.
Cloud & Infrastructure
Australia to Review Modernising Business Registers Programme
By Editors | 11/02/2023
The programme involves consolidating dozens of registers into a single platform run by a one-stop shop service.
Cloud & Infrastructure
US Treasury Calls for Caution When Adopting Cloud Tech
By Editors | 09/02/2023
Treasury’s report highlights concerns over market concentration in cloud service offerings, among other challenges that could detract from their benefits.
Cybersecurity
ION Brings Traders Back Online Following Ransomware Attack
By Editors | 09/02/2023
Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.
Anti-Money Laundering
India Orders Ban on Over 200 Betting and Loan Apps
By Editors | 08/02/2023
The move follows several arrests and raids on payment firms last year connected to a probe into money laundering by loan companies said to be controlled by Chinese individuals.
Fraud, Scams & Cybercrime
CBA to Introduce New ‘NameCheck’ Scam Prevention Feature
By Editors | 06/02/2023
‘NameCheck’ will provide customers an indication of whether the name and account details they have entered in money transfers are correct.
Cybersecurity
Ransomware Attack Against ION Markets Hit Derivatives Traders
By Manesh Samtani | 03/02/2023
The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.
Fraud, Scams & Cybercrime
International Counter Ransomware Task Force Begins Operation
By Editors | 30/01/2023
Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.
Fraud, Scams & Cybercrime
US, EU Authorities Take Down HIVE Ransomware Gang
By Editors | 30/01/2023
“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.
Conduct, Culture & Accountability
Morgan Stanley Fines Staff Over Use of Messaging Platforms
By Editors | 27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
Tokenisation
Tokenisation Can Threaten Financial System Stability: Denis Beau
By Mark Johnston | 25/01/2023
Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.
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