The COVID-19 infection risk has impacted all parts of society, from young children in kindergarten to elders in nursing homes. The pandemic’s very real risk means that many employees have to work remotely, too, often from home and often on their personal laptops or desktop computers, which sometimes are imperfectly protected from online threats. And… Read More >>
Smarsh Acquires Entreda to Bolster Cybersecurity Support
Electronic communications archiving vendor Smarsh will be able to bolster its cybersecurity risk and compliance offerings to broker-dealers, registered investment advisors (RIAs) and banks via its acquisition of Entreda, maker of a platform that unifies these services. Smarsh offers archiving and compliance support for email, social media, text messaging, instant messaging, websites, and voice. Through… Read More >>
Nasdaq Data Now Available via Cloud Service
Exchanges operator Nasdaq recently hit a COVID-19 speed bump as it was preparing to launch its Nasdaq Cloud Data Service (NCDS), which uses application programming interfaces (APIs) to provide access to real-time exchange data, indexes, and fund data. Before a full launch, Nasdaq had to find out if the implementation of the new offering would… Read More >>
SWIFT Report Focuses On Evolving Cyber Threats
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, a member-owned cooperative founded in 1973 that provides financial messaging services, has published its latest report on cyber threats. The report is entitled “Three years on from Bangladesh: tackling the adversaries,” and its focus is the “evolving nature of the cyber threats facing the global financial… Read More >>
Ops Staffs to Heed the Call of Disruption in 2017
(The word “disruption” has been noted by pundits as one of the most over-used in 2016. However, the term still accurately describes the changes underway in securities operations — and across financial services — that shook multiple groups, disciplines and conventional wisdom. To appease linguists and help operations staffs, FTF News in this final installment… Read More >>
New York Proposes Mandatory Cyber-Security for Firms
NY DFS Proposes Regulation to Require Cyber-Security Programs The state of New York via the State Department of Financial Services (DFS) wants to require banks, insurance companies, and financial services institutions to “establish and maintain” a cyber-security program via a new regulation proposed by the DFS and Governor Andrew M. Cuomo. The impetus for the… Read More >>
Firms Must Detect Cyber-Attacks Faster
(Editor’s note: Stephen Scharf, the chief security officer (CSO) at the DTCC, oversees the centralization and alignment of the post-trade infrastructure provider’s global information and physical security, employee safety, and crisis/incident management functions, officials say. Before the DTCC, Scharf served as global chief information security officer at Experian, responsible for the strategy, leadership and governance… Read More >>
SWIFT Confirms Ongoing Cyber-Attacks Upon Clients
SWIFT officials confirm that they have uncovered new cases of “input fraud” via hackers attempting to harm member/customers of the financial messaging and services cooperative. The cooperative has not revealed the identity of the financial services firms that were most recently harmed or the amounts of money involved. In response to questions from FTF News,… Read More >>
SWIFT Fights Back Against Cyber Threats
SWIFT, operator of the world’s largest money-transfer system, hired information security vendor BAE Systems and consultant Fox-IT to work alongside a new in-house team of security experts. The aim is to sharpen its monitoring and response time following a series of cyber-attacks over the past year. According to the company, the outside firms “will complement… Read More >>
Q&A: How Big Data Became an Ally for AML
Big Data and other innovations are rapidly becoming new allies in the multiple fronts in the war on financial crime, says Gisselle Micheo, vice president of the Business Solutions Group (BSG) for the Americas at BAE Systems Applied Intelligence. BAE, known for its defense and security equipment offerings, is also focusing on helping firms deal… Read More >>
