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…