The price of bitcoin has tumbled as one of the world's largest exchanges suspends trading after losing $65 million worth of the cryptocurrency in a massive security breach.
India is set for a digital payments revolution, with the value of transactions set to hit US$500 billion by 2020, ten times its current level, according to research from Google and the Boston Consulting Group (BCG).
UK organisations that have a well-defined data strategy reported their company's financial performance as substantially ahead of peers in the most recent financial year. The findings emerged from research entitled 'Big data: Forging corporate capabilities for the long-term', a SAS research programme based on a survey conducted by The Economist Intelligence Unit.
Adaptive behavioural analytics software reduces 'genuine transactions declined' by over 70% and incidence of undetected fraud by 25%.
China likely hacked computers at the Federal Deposit Insurance Corporation (FDIC) between 2010 and 2013 and the attacks were covered up by staffers at the regulator, according to a Congressional report.
Interbank messaging network Swift has engaged cyber-security specialists BAE Systems and Fox-IT and created a dedicated 'Forensics and Customer Security. Intelligence Team' to help shore up its defences in the wake of a string of high-profile attacks at multiple bank sites.
Cops in Europe and Malaysia have arrested 105 people accused of participation in a massive organised criminal enterprise that made counterfeit credit cards that were used to buy high-value goods worth millions of euros.
In an era of major regulatory reform, reduced budgets and greater scrutiny, care providers should turn to integrated technology to not only protect themselves but grow and flourish in the face of such demands. This is the finding of a new white paper from Advanced, exploring how growing pressures in the sector can be relieved.