UK financial regulator concerned about impact of co-ordinated large-scale assault Source: Insurers told to conduct stress tests for cyber attacks
Industry awaits legal tests on whether loose language covers data attacks Source: Global insurers worry about cyber crime exposure
Uber makes changes to driver pay. Will the fare increases have an impact on the service’s usage? Edited with BlogPad Pro
Though it’s a little bit of a puff piece, this is a pretty cool concept. Final has created a credit card that allows you to create an unlimited number of virtual credit cards to provide to online merchants, e.g., Amazon, Netflix. You can have one virtual card for each online merchant. If your card gets…
Following its year-long “Cad-coin” experiment (conducted in conjunction with the R3 consortium), Canada’s central bank determined that there are still “many hurdles to overcome” before DLT could reliably be deployed as the technology “underpin[ning] an entire wholesale payment system.”
The Financial Stability Board (FSB) and Committee on the Global Financial System produced a paper on the risks and benefits presented by innovative credit offerings and markets. The report [full text] is the FSB’s latest in a series of studies aimed at “assessing the impact [of] fintech developments on the global financial system.”
Banks can reduce security risks posed by email hoaxes through several steps: external source alerts, stricter email policies, employee education, use of domain-based message authentication, and software tools, American Banker says.
I was interviewed by the Wall Street Journal on how WannaCry might have played out if the EU GDPR had been in effect at the time of the attacks. You can read the article in the WSJ’s Cyber Security section.