Cyber crime
BIS attacks crypto in report to G20 officials
But report promotes DLT for use in cross-border wholesale CBDC
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
How advanced AI threatens banking security systems
The future of payments promises to transform the fintech world as traditional friction barriers begin to disappear. Amid this innovation, concerns arise: could the advent of AI technology give rise to novel forms of fraud that overshadow improvements to…
FATF finds global crypto AML failures
Most jurisdictions “struggle with fundamental requirements”
Ukrainian hackers claim attack on Russian banks
Cyber attack targets Bank of Russia’s interbank system, disrupting payments
SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
Third-party risks are a first priority for central banks
Cyber and concentration risks crystallise co-operation between critical infrastructure providers
Iosco sets out global crypto regulation
International group of regulators targets conflicts of interest in the industry
European Council adopts Mica regulation
Crypto legal framework covers issuers and service providers but not defi
UK regulator and police raid crypto ATM sites
There are no legally registered crypto ATMs in the UK
Fintech Benchmarks 2023 – presentation
Specialist Joasia E. Popowicz discusses CBDCs, cyber security, AI/ML in regtech, suptech and cloud computing
Hackers seize South Sudan central bank website
Group demands central bank act to make currency stronger against the dollar
US Treasury releases defi risk assessment
Lax adherence to AML/CFT requirements allows criminals to launder money
CBSL requests criminal proceedings against crypto schemes
Legal action could allow investors to recoup losses
EU politicians back plan for new AML authority
Proposals include tougher transparency requirements and crypto transaction limits
ECB to run cyber attack stress test for eurozone banks
Eurozone banks have seen major increase in hacking after Russian invasion of Ukraine, Panetta says
BIS developing ‘Pyxtrial’ for systemic stablecoin monitoring
London Innovation Hub centre will investigate balance sheets and asset-liability mismatches
Ransomware threat on the rise, says Boston Fed IT chief
Automation and AI could boost response times and ease staffing pressures
DNB fines Coinbase for ‘severe’ non-compliance
Crypto exchange fined €3.3 million for operating without registration
Regulators should treat crypto trading as gambling – Panetta
Self-destruction of crypto sector is not assured, says ECB official
Bahamas Securities Commission denies secret agreement with FTX
US liquidator claims millions of dollars were withdrawn with authorities’ agreement
CPMI and Iosco raise ‘serious’ concern over cyber security flaw
Global bodies say several FMIs have vulnerabilities in their cyber security
Central Bank of Azerbaijan ramps up cyber security
Division head points to AI’s potential as additional safeguard
Gambia’s central bank hacked
Server compromised but ‘mission-critical’ systems operational