Links in “Technology”
- The Future of Financial Technology
Thomas J. Curry from the OCC speaks about the future of âfintech,â or financial technology. Read his full remarks here. [8/10/15]
- CFPB Participates in Civic Hacking
People from all over participated in National Day of Civic Hacking, where technology enthusiasts are invited to provide input on government information. The CFPB participated and received input regarding its consumer complaint database and public HMDA database. [7/30/15]
- No Match for the Russian Cyber Underground
In terms of sheer sophistication and professionalization, there is no match for Russia's arsenal of illicit cyber capabilities. "These guilds of thieves are also being called upon to act as an online militia supporting Russia during times of geopolitical tension." [7/30/15]
- Could Regulatory Attention to Cybersecurity Actually Be Increasing?
The top former New York bank supervisor called cybercrime "a huge threat to our financial system" and predicts that regulators will be stepping up enforcement efforts. [7/29/15]
- Should EMV Cardholders Be Allowed to Change PINs at ATMs?
This is the kind of question that keeps security and risk managers up at night. A recently published white paper on the subject provides the pros and cons and factors to consider if this issue should arise. [7/28/15]
- Are Smart Watches a Ticking Time Bomb?
A report just released by HP Fortify indicates the answer is âyes.â The company reported that 100% of the smartwatches it tested contained significant network and communication vulnerabilities including poor authentication, lack of encryption, and privacy issues. [7/27/15]
- New Jersey Credit Union Tied to Illegal Bitcoin Scheme
Two Florida men have been arrested for running a sham company and controlling a small, low-income New Jersey credit union in order to operate an unlicensed Bitcoin exchange. According to New York federal prosecutors, the scheme was designed to launder money for criminals. [7/23/15]
- Was the JPMorgan Attack Part of a Larger Scheme?
Four have been arrested in connection with a series of fraudulent investment schemes involving penny stocks and Bitcoin that spanned the globe. Authorities suspect that some of the men arrested also had a hand in last summers hacking of JPMorgan, which compromised ht econtact information for 83 million bank customers. The huge compute attack may have been an attempt to fuel an ongoing pump-and-dump stock scheme. [7/22/15]
- Another Day, Another Data Breach
Major retail photo sites have been the target of a cross-company credit card information breach. CVS, Rite Aid, Sam's Club, Costco, Walmart Canada, and several other retail chains have suspended their online photo services following the possible breach. [7/21/15]
- Samsung Mobile Payments System Launched
Samsung Pay has been debuted in Korea with trials of it's mobile payment service in preparation for a full rollout. The mobile payment technology utilizes near field communication and card readers with magnetic secure transmission technologies, meaning it's already fully compatible with most POS terminals. [7/20/15]
