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Cision: Mr. Dronamraju will oversee the bank's global strategy for cyber security. Reporting to both Larry Zelvin, Head Financial Crimes, and Ken Librot, U.S. Chief Technology and Operations Officer, Mr. Dronamraju will have offices in Toronto and Chicago, with teams located in North America, Asia and Europe.
ZDNet: A mysterious new phishing campaign is targeting government departments and related business services around the world in cyber attacks which aim to steal the login credentials from the victims.
Business 2 Community: Up until the early eighties, transactions at financial institutions were handwritten, calculated long-hand, and done without the aid of a computer or calculator. Fast forward many years and not only can we make deposits and automate our bills to be paid online, but many employees of financial institutions are starting to work remotely as well.
Security Week: Insurance is a fundamental aspect of business risk management used to spread or mitigate financial risk by transferring it to a third party.
The Economic Times: Tel Aviv, Researchers from cybersecurity firm Check Point have revealed how hackers stole $1 million seed funding sent by a Chinese venture capital firm to an Israeli start-up.
Washington Post: On Nov. 18, a United Nations committee passed a Russia-backed cybercrime resolution by a vote of 88 to 58, with 34 countries abstaining. Russia, Belarus, Cambodia, China, Iran, Myanmar, Nicaragua, Syria and Venezuela sponsored the resolution, titled “Countering the use of information and communications technologies for criminal purposes.” The United States said it is “disappointed with the decision.”
Business Standard: National Cyber Security Coordinator (NCSC) Lt Gen (retd) Rajesh Pant raised concern over the lack of cyber-infrastructure in the country and said are we waiting for a cyber earthquake before getting our act together.
Yahoo Finance: At a time when trust has become central to the customer experience, KPMG cyber security practice leaders have told a roundtable that they believe financial services firms are demonstrating a commitment to trust through their cyber agendas. They said that amidst accelerating technological disruption, actively managing customer trust is presenting new revenue opportunities and challenges for financial institutions.
Cointelegraph: In its “Cryptocurrency Anti-Money Laundering Report, 2019 Q3,” security research firm CipherTrace delved into the 120 most popular cryptocurrency exchanges’ compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements and analyzed patterns in crypto-related crimes.
ZDNet: Cyber espionage has been going on pretty much since the dawn of the web, with Russia, China, Iran and North Korea generally seen as the countries most likely to be engaging in cyber-espionage campaigns against Western targets.
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