Cyber Risks Used to Short Stocks


Computer breaches of companies, famous people and political entities became mind-numbingly common in 2016. A few hacks, however, were notable for the financial turmoil they wrought. Source: Several Financial Hacks Made Big Waves In 2016 : NPR

OCC Risk Report Cites Cyber and FinTech


The Office of the Comptroller of the Currency yesterday released its Semiannual Risk Perspective for Fall 2016 discussing risks facing national banks and federal savings associations. Other key risk areas include fintech, cybersecurity, anti-money laundering, and the easing underwriting practices.  American Banker breaks down the report, highlighting the “new focus of ‘governance over sales’ as…

U.S. Attorney Unseals Criminal Charges Against Three Chinese Hackers; Bharara Calls Breach a ‘Wake-Up” Call for Law Firms Worldwide


On Tuesday the US attorney for the southern district of New York unsealed criminal charges against three Chinese hackers who successfully breached the networks of some unnamed Wall Street law firms and obtained confidential information that allowed them to make a $4 million profit, reported the Financial Times. “Once inside, the trio targeted the email…