20th September 2016
Starting in December, new programmes will be added to the HKMA’s Enhanced Competency Framework (ECF) for local bankers Read More
20th September 2016
Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies. U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to dismiss two charges related to his alleged operation… Read More
19th September 2016
The Reserve Bank of India has issued an ultimatum to Indian banks on cyber crimes, asking them to immediately report any breach of security so that the overall network is not compromised. The tough stance follows the reluctance of some banks to report such frauds in order to avoid negative… Read More
14th September 2016
New York state is proposing new rules requiring banks and insurance companies to establish cybersecurity programs and designate an internal cybersecurity officer, in what Gov. Andrew Cuomo described as a “first-in-the-nation” move to codify cyber safety policies. The new regulations, proposed by New York’s Department of Financial Services, will apply only… Read More
11th September 2016
The Philippines’ department of justice has ended primary investigation in the cyber highest of the largest-ever amount of money Bangladesh Bank account of New York Federal reserve. At least 81 million dollars of the stolen money was en-cashed in Manila. The Daily Inquirer reported that the probe was related to… Read More
11th September 2016
Australian Transaction Reports & Analysis Centre (AUSTRAC) has established a new cyber team that will focus on identifying financing activities, money laundering and financial fraud. The announcement about the new cyber team was made recently by Minister for Justice Malcolm Keenan. He said that the initiative forms part of the… Read More
11th September 2016
The central bank on Monday said the involvement of a local bank and a remittance firm in the $81-million Bangladesh Bank heist could have been prevented if monetary authorities had supervisory powers over money service businesses (MSB) and were allowed by law to look into bank accounts. “Earlier Mr. Senator… Read More
6th September 2016
Up until recently, the UK Gambling Commission was reluctant to allow online gambling operators to accept digital currencies due, in part, to fears related to money laundering. A number of respected US companies accept bitcoin as payment for their goods or services. Partly as a result of this, the Commission… Read More
On 7 July the National Crime Agency published its “Cyber Crime Assessment 2016 – need for a stronger law enforcement and business partnership to fight cyber crime”. In this article, Neill Blundell, Head of the Fraud & Investigations Group at Eversheds and Jason Williamson, Eversheds Associate, consider (i) the growth in cyber crime, (ii) the challenges business face as a consequence and (iii) the practical steps businesses can take to enhance their defences against cyber-criminal activity. Read More
26th August 2016
China's banking regulators have described almost half of China's peer to peer online lending platforms as 'problematic', Shanghai Daily has reported. Read More