ECB warns banks of possible Russian cyberattack
With the Ukraine crisis brewing, the European Central Bank is talking to financial institutions about a possible Russian-sponsored cyberattack, according to Reuters.
New cyber attack laws proposed by UK Govt
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.
JPMorgan Chase to spend $12bn on tech this year
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.
Chainalysis: North Korean hackers stole $400m worth of digital assets in 2021
Legacy tech mishandling costs Morgan Stanley $60 million in data breach suit
Morgan Stanley has agreed a $60 million class action settlement relating to legacy technology mishandling that led to two seperate data breaches in 2016 and 2019.
Bitmart loses $100 million in DeFi hack
Crypto exchange Bitmart has become the latest DeFi firm to fall victim to a large-sacle security breach, losing an estimated $100 million and suspending all withdrawals.
DeFi fraud and theft losses reach $10.5 billion in 2021
As regulators hone their focus on Decentralised Finance (DeFi), new data from Elliptic reveals that just over $12 billion in losses have been suffered over the past year by DeFi users and investors.
Rapid shift to digital is outpacing the ability of banks to respond to cyber threats
The rapid shift to digital by established banks in Apac is outpacing their capacity to adequately protect themselves from emergent cyber threats, according to analysis by the Financial Services Information Sharing and Analysis Center (FS-Isac).
