bank – Martijn Grooten

Bank of England to U.K. banks: Your tech needs a Plan B

Martijn — Wed, 11 Jul 2018 21:00:20 +0000

The bank Bank of England, together with the Financial Conduct Authority and the Prudential Regulation Authority, has cautioned U.K. banks to prepare for cyber attacks and technical failures.
Read more on Payment Source. (Note: subscription wall.)

Banks may need threat teams to fight the next wave of SWIFT-style attacks

Martijn — Fri, 22 Jun 2018 09:50:24 +0000

Almost two-thirds of financial institutions have yet to form threat hunting teams — a growing necessity as the number of high-profile attacks rises.
Read more on Payment Source. (Note: subscription wall.)

When crypto exchanges act like banks, regulators may treat them as such

Martijn — Wed, 20 Jun 2018 09:49:27 +0000

Exchanges aren’t very transparent about their methods, but that in fact most handle such internal transactions exactly how regular banks have worked for centuries.
Read more on Payment Source. (Note: subscription wall.)

How TSB's simple tech issue became a big phishing problem

Martijn — Thu, 10 May 2018 09:46:04 +0000

Security is a top priority for financial institutions around the world. In the past few weeks, the U.K.’s TSB Bank has learned the hard way that availability is even more important. And when availability is an issue, security can’t be ignored.
Read more on Payment Source. (Note: subscription wall.)