Governor Mark Carney yesterday warned that “fintech could signal an end to the traditional universal bank model,” and those firms could “expect tougher, more intrusive regulation as the use of disruptive technology in financial services becomes more sophisticated and widespread,” reported the Financial Times.
A new research paper [full text] published on Oxford University’s business law blog provides a “comprehensive overview of [fintech] market developments in 64 different countries” across “the value chain of a traditional bank—financing, asset management, payment, and other business activities.” Edited with BlogPad Pro
The British and American financial systems will be tested to see how well they stand up to attacks by hackers, in the wake of the TalkTalk scandal Source: Bank of England and US authorities to simulate cyber-attack – Telegraph
Halt Lifting After United Flights Grounded Due to Computer Issue – WSJ. Hmmm . . . Did this, turn into this? Probably not. More likely this is a continuation of IT issues plaguing the airline since the merger and its rolling out a new ticketing system. That said, I’m flying on United tomorrow (I’m a…
Internet security: How to back up a country | The Economist.
Chicago air traffic halted over fire at FAA facility – CBS News. Risk: Something might happen that prevents the FAA from using the Aurora facility (e.g., “disgruntled” individual sets fire in basement, power failure, bomb threat, flood, weather, “disgruntled” ex-boyfriend takes FAA employee ex-girlfriend hostage, strike, sickout, computer virus, mechanical failure, lightening strike, terrorist attack, repair…
When investigating missing laptops, too often I notice users failing to back-up their data. Backing-up is often voluntary in non-regulated industries, even when the organization makes the technology available. It’s the second question I ask after asking whether the device was encrypted. In addition to not providing a record to audit to determine exactly…
Next Practices 