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BusinessWorld: We regularly hear and read about hacks, security breaches and similar cybersecurity incidents that expose vulnerabilities in corporate and government digital security systems.
IMF Blog: Last March, Operation Taiex led to the arrest of the gang leader behind the Carbanak and Cobalt malware attacks on over 100 financial institutions worldwide. This law enforcement operation included the Spanish national police, Europol, FBI, the Romanian, Moldovan, Belarusian, and Taiwanese authorities, as well as private cybersecurity companies. Investigators found out that hackers were operating in at least 15 countries.
IT World Canada: Five of the country’s biggest banks are offering cash prizes to post-secondary students and recent graduates for creating possible solutions to improve the cyber security responses of financial institutions.
Yahoo Finance: International crime fighting agency Interpol has taken action to stem a plague of cryptocurrency mining malware afflicting computer routers across Asia.
The Wall Street Journal: The cybersecurity-vendor sector is set to trim some of its fat in 2020, venture-capital executives say, and companies that weave sophisticated technologies such as artificial intelligence into their products are the ones likely to succeed.
AP News: The U.N. General Assembly approved a resolution Friday that will start the process of drafting a new international treaty to combat cybercrime over objections from the European Union, the United States and other countries.
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.
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