SEC says cyber security biggest risk to financial system. From Reuters. Cyber security is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission (SEC) said on Tuesday, in one of the frankest assessments yet of the threat to Wall Street from digital attacks. Banks around the world have been rattled by a $81 million cyber theft from the Bangladesh central bank that was funneled through SWIFT, a member-owned industry cooperative that handles the bulk of cross-border payment instructions between banks.
- 6 Hot Cybersecurity Fintechs. From BobsGuide. Over 65% of British businesses have been pinpointed by hackers in the past year, and the cyber security industry is undergoing extensive change as officials are feeling increasingly threatened by the rapid rate and scale of attacks. We take a look at the best cybersecurity fintechs out there and how they are making a difference for businesses worldwide.
- Increased connectivity means greater need for cyber security. From Khaleej Times. Dubai’s shift towards ‘Smart Government’ has opened new possibilities for companies involved in cyber protection, according to executives speaking at F5 Network’s Agility Conference in Vienna. Garth Braithwaite, Regional Director – Middle East and Turkey at F5 Networks, noted that increased digital connectivity on the part of companies and government entities means that there is a greater need for cyber security elements to be put in place. “Obviously, the more things you have, the more things that are connected, the more things that you need to protect,” he said. “Particularly in Dubai, you have a lot of applications, and each of these applications needs to have some kind of protection.