Archive for cybersecurity SmartBlogs
A collection of stories from SmartBrief publications and around the web…
Stumbling Stress Tests: Now that the convoluted results of stress tests conducted by U.S. Federal Reserve are in, all eyes can shift to Europe as the European Central Bank and European Banking Authority prep for their own brand of testing. However, Mayra Rodríguez Valladares from MRV Associates is rather pointed in her skepticism of the Europeans’ methods: “Given banks’ enormous data collection and aggregation challenges and the fact that the stress tests are likely to rely on a risk-weighted asset framework where banks get to pick a lot of the risk drivers for the models, no one should hold their breath about the validity of those stress tests.”
Adding insult to injury: All those Bank of America shareholders who were angered by the actions of Ken Lewis during the firm’s takeover of Merrill Lynch have got to be smoldering yet again.[…] Continue Reading »
Highlights from Day Two of the 39th Annual International Futures Industry Conference in Boca Raton, Fla.
Swinburne calls for more compromise from U.S. on cross-border regulations: U.S. regulators need to do a better job of compromising as they continue the march to implementing global derivatives reforms, according to Kay Swinburne, a member of the European Parliament. “I’m not sure that the U.S.[…] Continue Reading »
Tom Ridge might not be running the show at the Department of Homeland Security, but that doesn’t mean the former secretary isn’t up to speed on the threat cyber attacks pose to the U.S. government and private industries.
On the government front, Ridge believes the U.S. changed the landscape when it used Malware to cripple the nuclear program of Iran.[…] Continue Reading »
Terry Duffy is the Executive Chairman and President of CME Group, which is hosting its annual Global Financial Leadership Conference next week in Naples, Fla. Mr. Duffy chatted with SmartBrief and shared more background on the GFLC.
1. What is the goal of the GFLC? How did it get started?
The Global Financial Leadership Conference is an exclusive event that brings together decision-makers from the world’s leading financial institutions to discuss emerging geopolitical trends, debate critical economic issues and share perspectives on future developments in the financial marketplace.[…] Continue Reading »
Small businesses face a number of challenges, with security at the top of the list. Yet many small-business owners don’t even realize the substantial risk they face while banking online. Let’s take a look at some of the bone-chilling events happening in the small-business payments world today — cyberattacks that can devastate your business.
- Experi-Metal lost $550,000 through phishing attacks
- Sanford School District lost $117,000 to bogus payroll disbursements
- Hillary Machinery lost $800,000 through ACH and wire transfers
The list goes on.[…] Continue Reading »