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Category: Operational


Capital and Risk, Operational

Bank of America CTO: Cyberattacks on banks “surged” during pandemic

May 5, 2021

Via: FinTech Futures

The bank’s global information-security unit spends the majority of this budget on staff and technology. Bessant added in a briefing on Monday, as reported by American Banker, that cyberattacks have surged “dramatically” during the pandemic. “Criminals are by definition very […]


Capital and Risk, Operational

5 Cyber Threats FinTech Companies Should Watch Out For

April 26, 2021

Via: TechBullion

FinTech companies have been gaining momentum since the beginning of the pandemic. They have significantly improved their services and even merged with the traditional banking methods. Major banks have integrated fintech into their existing systems to offer more options. So […]


Capital and Risk, Operational

Cyber Insurance Market Procurement Intelligence Report With COVID-19 Impact Update| SpendEdge

April 16, 2021

Via: PR Newswire

The Cyber Insurance market will register an incremental spend of about USD 13.97 Billion, growing at a CAGR of 26.70% during the five-year forecast period. A targeted strategic approach to Cyber Insurance sourcing can unlock several opportunities for buyers. This […]


Capital and Risk, Insurance, Operational

NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.

April 5, 2021

Via: Insurance Journal

The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how they measure their cyber risk […]


Capital and Risk, Operational

Deutsche Bank and TIS sign treasury deal

March 22, 2021

Via: FinTech Futures

The two firms are working on a “combination of complimentary capabilities” to create “new and innovative products and services”. A primary focus is on payment fraud prevention combined with the TIS cloud platform. It will “leverage the knowledge of all […]


Capital and Risk, Operational

EBA shuts down email systems after damaging cyberattack

March 8, 2021

Via: FinTech Futures

The attack is part of a widespread assault on organisations running Microsoft Exchange servers. Microsoft has issued emergency patches, but many believe servers could have been backdoored by criminals. The EBA says is has “swiftly launched a full investigation” in […]


Capital and Risk, Operational

BBVA and Google Cloud Form Strategic Partnership to Drive Security Innovation in Financial Services

February 23, 2021

Via: PR Newswire

BBVA and Google Cloud today announced a new strategic partnership to transform the bank’s security strategy by optimizing and improving its security infrastructure. As part of this global agreement, BBVA will collaborate with Google Cloud in the development of groundbreaking […]


Capital and Risk, Operational

Learning to safeguard vulnerable customers in a digital world

February 19, 2021

Via: FinTech Futures

This is a sizeable figure and one that could grow if the economic impact of COVID-19 worsens. According to one BBC report, two million people deferred repayments on credit cards and loans at the height of the pandemic in spring […]


Capital and Risk, Operational, Regulations

UK government unveils digital identity plans based on wallet tech

February 17, 2021

Via: FinTech Futures

Conservative MP and minister for digital infrastructure, Matt Warman, led the policy paper and calls it “a first stage industry prototype”. He also cites Canada, Australia, Sweden and New Zealand – countries taking similar approaches to digital identity as the […]


Capital and Risk, Operational

Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank

December 29, 2020

Via: Insurance Journal

MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to […]