A need for cyber security measures The matter of cyber security measures as part of the obligations of AFS licensees arouse from a ruling of the Australian federal court against a RI Advice Group Pty Ltd. The company was found in breach of its AFS license obligations because of a lack of adequate risk management…
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55% of SMEs have little or no knowledge of cyber-security issues The majority of Australia’s small businesses are dismissive or tentative about using digital technologies to assist their business, according to a new ANZ report released today. ‘The Digital Economy: Transforming Australian Businesses’, found 56 per cent of micro, small and medium businesses (SMEs) did…
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SETL, the London based financial blockchain specialist, has appointed national security expert Martin Clements CMG OBE to its board. SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other,…
Read moreThe Canadian Securities Administrators (CSA) has published CSA Staff Notice 11-332 Cyber Security to promote cyber-security awareness, preparedness and resilience in Canadian capital markets. The cyber-security landscape has evolved considerably in recent years, as cyber attacks have become more frequent, complex and costly for organizations. As a result, the CSA is working to promote cyber-security awareness,…
Read moreInternational organizations The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) today released the final report Guidance on cyber resilience for financial market infrastructures (“Cyber Guidance”). The Cyber Guidance report is the first internationally agreed guidance on cyber security for the financial industry. It has been…
Read moreBitcoin trading platform BitQuick, which fell victim to a cyber attack more than a month ago, has missed the deadline to resume operations and remains down. The BitQuick team provided another update on system status on Wednesday, saying the company is taking care of internal issues, on top of solving matters regarding platform security. BitQuick’s…
Read moreCyber security is high on the agenda, as SWIFT was today forced to voice its stance regarding reports alleging its network and messaging services were affected by malware. SWIFT said in its statement that it was aware of malware targeting the ability of financial institutions to evidence fraudulent transactions. It added that the malware has…
Read moreA follow-up to LeapRate's earlier report about retail FX broker Exness being subject to numerous cyber attacks... The company addressed its clients and partners again today to assure them about its efforts to tackle the problems. The broker says that after solving the initial issues on April 6, thanks to hosting provider, Webzilla, it faced DDoS…
Read moreA follow-up to LeapRate's earlier report about a former employee of Japanese FX broker YJFX, a subsidiary of Yahoo Japan Corporation (TYO:4689), stealing loads of customer data... The broker announced today that an external professional, hired to conduct an investigation into the breach, has concluded its check, with no further leaks of information detected. YJFX…
Read moreA follow-up to LeapRate's report about DDoS attacks affecting Exness' services... In an email today, the retail FX broker addressed its partners warning of them a temporary server interruption due to DDoS. The first problems emerged last week, affecting the company's website, whereas another attack targeted the broker's trading servers. The company stresses that the personal…
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