Open banking is gradually making its way to the forefront of the financial sector in the United States, promising to revolutionize the way consumers interact with financial services, especially in the realm of real-time payments. This innovative approach aims to provide more streamlined and
The financial and technology sectors are witnessing significant developments. Dutch neobank Bunq is embarking on a substantial hiring spree, and Mastercard has strategically acquired cybersecurity firm Recorded Future. These moves highlight the evolving landscapes of digital banking and
As more regional and community banks attempt to scale up to become more competitive, that growth can challenge their ability to effectively secure all their systems and data, which in turn can create lapses that result in critical cybersecurity issues. The risks go beyond simple growth, with other
Comerica Bank has significantly expanded its footprint in the cybersecurity sector by increasing its holdings of the Amplify Cybersecurity ETF (NYSEARCA:HACK) by an impressive 44.1% during the first quarter of this year. The bank acquired an additional 1,239 shares, raising its total to 4,048
The year 2023 has seen a dramatic surge in cyberattacks specifically targeting the financial sector, marking a 53% increase compared to previous years. This alarming statistic is highlighted in the Threat Landscape Report by S21Sec, a comprehensive analysis focusing on global cybercrime trends
As enforcement of the European Union’s Digital Operational Resilience Act (DORA) looms on the horizon in January 2025, banks and their IT suppliers brace for an era of tougher cybersecurity and IT management standards. Passed last year, DORA mandates rigorous IT risk management protocols, digital o
