With the Ukraine crisis brewing, the European Central Bank is talking to financial institutions about a possible Russian-sponsored cyberattack, according to Reuters.
US authorities have arrested two people and seized $3.6 billion wort of bitcoin in relation to the 2016 hack of cryptocurrency exchange Bitfinex.
Discussing Q4 earnings with analysts, PayPal CFO John Rainey disclosed that 4.5 million accounts had been shut down after “bad actors” took advantage of incentives and rewards programmes, resulting in shares falling by 25%, according to Bloomberg.
Source: BBVA
BBVA has renewed the processors of its Data Processing Centers (DPC) in Spain and Mexico, with the help of IBM, to achieve significant energy and environmental improvements.
The UK is consulting on new measures for greater resilience among British businesses’ cyber security. This move is part of a £2.6 billion National Cyber Strategy and comes after high profile cyber-attacks.
The Senate Judiciary Committee voted 16-6 this week to advance a major tech competition bill, says CNBC.Heralded by some as legislators’ best chance to meaningfully reform laws around Big Tech, the American Innovation and Choice Online Act would have a considerable impact on firms such as Amazon, Apple, Google - as well as Meta and TikTok.
JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.
