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Following my previous blog about Big Data Analytics and Cyber-Security, this second post in my series on payments highlights banks and FinTech hubs as well as blockchain and cryptocurrencies that continue as important priorities for banks. Banks & FinTech Hubs Strong growth. Read more.
Sibos 2015 in Singapore brought them into sharp focus – specifically: Big Data Analytics, Cyber-security, Bank & FinTech Hubs, Cryptocurrencies/Blockchain Technology, Trade Finance and APIs. Some big themes dominate Payments today, and each is likely to endure for many years. Read more.
But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.
Along with Big Data analytics, cybersecurity, FinTech Hubs, blockchain & cryptocurrencies, real-time payments and APIs were key themes and at Sibos 2015. They are perhaps the hottest topics of all in payments at the moment. Real-Time Payments Currently, just. Read more.
The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release.
“Ransomware is primarily a profit-seeking endeavor, and its purveyors generally focus on the most lucrative targets, such as those with significant sources of funding or those with limited cybersecurity protection,” according to the statement.
In this nascent stage, what is protecting cryptocurrency buyers and sellers? As both the volume and value of digital currencies increase, so will inevitable attempts to commit fraud and theft.
The owner of the account, who has remained anonymous, apparently prefers bitcoin’s rival cryptocurrency – bitcoin cash – that split from bitcoin. The report said that a large number of most institutional investors are opening short positions on the cryptocurrency. Cuban told Kitco that he sees “gold and bitcoin as being the same thing.”
The attack saw a ransom of $300 in cryptocurrency demanded from corporates to unlock their computers. Play Protect secures users from the family, and any apps that may have been infected with CopyCat were not distributed via Play.”. CopyCat is a variant of a broader malware family that we’ve been tracking since 2015.
” Such was the difficulty on the Ethereum cryptocurrency network this week, when a few hundred million dollars (no specific amount has been released yet) were frozen due to a vulnerability in the wallet. We’d say, don’t bank our future on cryptocurrency – but of course we already knew that. (Peanuts and sardines come to mind.)
There is disparity between jurisdictions and most countries have yet to address cryptocurrency tax questions in a meaningful way. We have seen money stolen from token launches through fraud, for example through phishing schemes or fake websites, as well as security flaws in cryptocurrency wallets.
one of the world’s largest cryptocurrency exchanges, is letting go of staff after the backlash it faced for purchasing a company allegedly linked to the sale of spyware to oppressive regimes. Coinbase Inc.,
Lawmakers are taking a closer look at the company’s data collection practices and its work on cryptocurrency payments, raising the possibility of more action down the line.
There is an urgent need for a new class of security solutions that will allow people to retain control of their decentralized financial lives with confidence and safety.
Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 Ethereum tokens from his company's cold wallet.
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