Banks reinforce cyber defenses after global attack | Reuters
Source: Banks reinforce cyber defenses after global attack | Reuters
Wells Fargo Shareholders Re-Elect 15 Board Members; Re-appoint KPMG as Auditor
At yesterday’s annual meeting, Wells Fargo shareholders re-elected all 15 of the bank’s board members, a blog post on The Charlotte Observer first reported. “The bank said the ‘for’ votes … ranged from 53 percent to 99 percent of shares cast. … ‘The Wells Fargo stockholders today I think have sent the entire board a…
US to give up control of the internet’s ‘address book’ after years of debate | Technology | The Guardian
Stewardship of the Internet Assigned Numbers Authority has moved from the US government to an international group, but not everyone is happy about it Source: US to give up control of the internet’s ‘address book’ after years of debate | Technology | The Guardian
Of prediction and policy | The Economist
Governments have much to gain from applying algorithms to public policy, but controversies loom Source: Of prediction and policy | The Economist
CIT Pioneers Pay Link to ‘Tone At The Top’ for CEO – Risk & Compliance Journal. – WSJ
The overall 10% weighting of risk, regulatory and compliance performance will be measured by the CEO’s ability to maintain tone at the top focus on compliance and strong regulatory relations, to ensure no outsized losses and achieve leveraged loan portfolio risk tolerance levels, and to ensure timely and responsive regulatory submissions. Source: CIT Pioneers Pay…
OCC Updates Corporate and Risk Governance Handbook
On Friday, The OCC updated the Corporate and Risk Governance Handbook. This is important reading for not only anyone in financial services, but anyone doing business with financial services firms, as well as FinTech companies because regulators will expect to see similar practices where and when applicable. Review the press release summarizing updates here. Review…
These CISOs explain why they got fired | CSO Online
CISOs explain why, fair or not, they were let go by their company. Source: These CISOs explain why they got fired | CSO Online
SWIFT to unveil new security plan after hackers’ heists | Reuters
The SWIFT secure messaging service that underpins international banking said on Tuesday it plans to launch a new security program as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist. Source: SWIFT to unveil new security plan after hackers’ heists | Reuters
White House Proposes New Cyber Security Plan
The White House would like $19 billion in funding from Congress to improve the government’s cyber security posture. You might think that after Congressional hearings lambasting executive officials for the multiple serious breaches of security, such a bill would pass easily. You’d be wrong. You can read the full article here.
Boards urged to appoint younger directors to tackle cyber threat – FT.com
Companies should hire a younger generation of boardroom directors to head off the “systemic threat” that cyber risk poses to the financial system, according to City of London bosses polled by the Financial Times. Simon Walker, chief executive of the Source: Boards urged to appoint younger directors to tackle cyber threat – FT.com
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