Banking and Finance


  • Russian Critical Infrastructure Targeted by Profit-Driven Cybercriminals

    December 11, 2018

    Several critical infrastructure organizations in Russia have been targeted by hackers believed to be financially-motivated cybercriminals rather than state-sponsored cyberspies. An analysis of malicious Word documents led researchers at endpoint security firm Cylance to discover fake websites set up to impersonate the legitimate sites of Russian oil giant Rosneft and two dozen other major Russian companies. ...

  • Financial Conduct Authority warns asset management industry facing cyber risks

    December 10, 2018

    The asset management industry suffers from a lack of expertise and preparedness with regard to cyber security, and is risking “serious harm to its clients” and the wider market, the Financial Conduct Authority (FCA) has warned. In a multi-firm review of the asset management and wholesale banking sectors published today (10 December), the FCA also found an overreliance ...

  • Market volatility: Fake news spooks trading algorithms

    December 10, 2018

    Fake news and inaccurate headlines may have contributed to recent stock market volatility, as trading algorithms try to interpret market-related news. Hugh Son, at CNBC reported that in a note written to clients by J.P. Morgan Chase’s top quant, Marko Kolanovic, blamed a media landscape that’s a mix of real and fake news, which makes it easy for others ...

  • Europol Hits Darknet Ring That Shipped Counterfeit Money All Over Europe

    December 10, 2018

    A large part of a group that was selling counterfeit Euro banknotes, drugs, and other illegal assets through a dark web marketplace was dismembered following 300 house searches and the apprehension of 235 suspects from 13 different European countries. The joint operation between Europol and multiple law enforcement agencies from various European countries started on 19 ...