Online shoppers want retailers to be transparent and honest if they have suffered a security breach, according to a new UK consumer survey commissioned by NTT Security, the global information security and risk management company. The research, ahead of one of the busiest online shopping periods in the lead up to Black Friday and Cyber Monday and Christmas, also reveals that customers want to know if a site has been hacked or personal data compromised.
The Securities and Exchange Commission has approved plans to create a vast Consolidated Audit Trail (CAT) tracking transactions as they pass through US equity and options markets.
Calastone, the global fund transaction network has today launched a new whitepaper, “The accelerating power of technology: lessons for the future of fund distribution.” Within the paper, research conducted by Calastone demonstrates that structural changes are being made to include technologists in the makeup of boards and senior management teams across the FTSE-100. This development, Calastone writes, is due to the ever-growing importance of technology as a driver for business strategy and innovation.
Results of a new survey reveal that technological and operational projects are high on the list of priorities for asset managers over the next 12 months as they respond to the changing regulatory landscape and to meet the evolving needs of their clients. The report, which is being launched at the TSAM Boston conference taking place tomorrow, reveals that over half (52%) of asset management companies surveyed are planning to replace out-dated or legacy technologies in the next 12 months.
Sberbank and Alfabank are among several Russian financial services firms to have been bombarded with DDoS attacks this week, according to internet security firm Kaspersky.
Tesco Bank has refunded £2.5 million to 9000 customers who fell victim to a fraud that siphoned money from their current accounts over the weekend.
Cyber risk is seen as a bigger risk to the global financial system than a Donald Trump presidency or Brexit, according to a Depository Trust & Clearing Corporation (DTCC) survey.
Bankers, brokers and traders are not prepared to address the risks posed by the combination of regulatory pressures worldwide and technological advancements that are disrupting their industries, according to a new global survey published by FIS™ (NYSE: FIS) a global leader in financial services technology.
