Finance

G7 Finance Ministers Agree Principles For Central Bank Digital Currencies

Finance officials from the G7 endorse 13 public policy principles for central banks and digital currencies, and urge transparency and…

2 weeks ago

Alibaba Hails ‘Bright’ Future Ahead Of Hong Kong Listing

Chinese giant's £10 billion secondary listing seen as a boost for Hong Kong as Asian financial hub continues to be…

2 years ago

Equity Firm Buys UK’s Sophos For £3.1bn

Acquisition of Oxfordshire-based cyber-security firm, which aided NHS during WannaCry attacks, follows fall in value of sterling in wake of…

2 years ago

Facebook Promises Congress It Will Address Libra Cryptocurrency Concerns

Company's comments follow criticism of Libra by US Treasury Secretary and Chairman of Federal Reserve amidst broader scepticism and hostility

2 years ago

Financial Conduct Authority Proposes Ban On Crypto-Derivatives

FCA finds that derivatives and ETNs referencing crypto-assets are 'poor products' and too risky to be sold to retail investors

2 years ago

Study Finds ‘Systemic’ Mobile Financial App Insecurity

Tools including retail banking apps fail to take appropriate precautions to stop their software and systems from being hacked, researchers…

3 years ago

Banking Sector Leads UK To Top Five In Security Spending This Year

Meanwhile, worldwide security staff shortages are set to drive spending on managed security services to £10.7bn in 2019

3 years ago

France, Germany Pull Back On Plans For Tax On US Digital Giants

Under a new compromise, the EU now aims to implement its 3 percent tax on large digital companies' revenues by…

3 years ago

North Korea Targeted £850m In Four Year Hacking Spree

North Korea's financial hacking operations are using increasingly sophisticated techniques as the country grows more desperate for cash, finds a…

3 years ago

Regulators Consider Record-Breaking £30m Fine For Tesco Bank Hack

The 2016 incident, the first mass breach of accounts at a western bank, forced Tesco's financial arm to temporarily shut…

3 years ago

US Charges Extradited Russian Over Massive Hacking Scheme

Georgian Andrei Tyurin was allegedly part of the hacking ring that breached JPMorgan Chase and other US financial firms, making…

3 years ago

Regulators Publish Review Of Cryptocurrency Risks

The Financial Stability Board wants to look into possible volatility threats posed by the likes of Bitcoin

3 years ago

AI, Cloud And Blockchain ‘Creating New Risks’ For Banks

Financial organisations must work with authorities to revamp banking regulations, study finds

3 years ago

UK Manufacturers Top Attack Target For Cyber Crooks

Study from NTT Security also finds ransomware infections grew by 350 percent last year

3 years ago

Openreach Sees Record Fibre Additions As BT Enterprise Struggles Continue

BT reaches 95 percent superfast broadband and 90 percent landmass 4G coverage but BTGS units still suffer

4 years ago

Arrival Of Open Banking To Spearhead ‘Technological Revolution’ In Finance

Open Banking: New rules that require banks to share information with third party providers come into effect. But what does…

4 years ago

Fake Cryptocurrency Wallet Tops Apple App Store Charts

Surge in public interest around Bitcoin and other digital currencies has helped propel a dubious wallet app to the top…

4 years ago

NiceHash Admits It Was Hacked Amid Fears It Lost $70m In Bitcoin

Bitcoin mining marketplace NiceHash admits devastating hack, which some estimates say could have cost it nearly $70m

4 years ago

Blockchain Clearing System Adopted By Australian Stock Exchange

Blockchain down under, as Australia becomes first global market to adopt it for stock exchange

4 years ago

PayPal’s TIO Networks Says Data Breach Impacts 1.6m Customers

PayPal only bought bill payment processor TIO Networks For £177m in July but has suspended operations

4 years ago

IBM X-Force Discovers IcedID Banking Trojan

New banking Trojan discovered and is active in the wild hitting targets in the United States and the UK

4 years ago

British Financial Regulator Opens Probe Into Equifax Breach

The Financial Conduct Authority said it has opened an investigation into the breach of 15.2 million UK citizens' records following…

4 years ago

Equifax Admits Huge Data Breach Affects 2.5m More People

Equifax forensic investigation finds huge breach impacts 2.5m people than previously thought as wait for UK analysis continues

4 years ago

Mastercard Uses AI To Identify At-Risk Bank Cards After Data Breach

Mastercard Early Detection System will help banks see which cards are most at risk from a data breach

4 years ago

Deloitte Data Breach Exposes Some Client Emails

Deloitte is conducting an internal review to see how breach happened in March, but says just a fraction of emails…

4 years ago

Equifax Hackers Enjoyed Leisurely Tour Inside Your Credit History

ANALYSIS: The Equifax breach began on 10 March, giving hackers nearly five months to rifle through the records of 143…

4 years ago

Equifax Confirms 400,000 UK Consumers Affected By Huge US Data Breach

Equifax says UK systems not breached but due to process error, Brits' data was stored on hacked US servers

4 years ago

IBM & HSBC Team Up For Cognitive Trading Platform

Bank Tech: IBM and HSBC develop a cognitive and intelligence global trading system

4 years ago

Worldpay To Merge With US Rival Vantiv In £9.3bn Deal

American rival Vantiv to expand beyond its US borders thanks to global reach of WorldPay

4 years ago

Bitcoin Cash ‘Fork’ Causes Uncertainty For Cryptocurrency Community

A group of Bitcoin infrastructure providers are set to split the cryptocurrency into two incompatible versions on Tuesday

4 years ago