Cyber crime
Brazil’s ‘biggest-ever’ heist highlights cyber security gaps
Experts say theft, targeting network linking small lenders to central bank, could have been prevented
Google study shows cyber threat actors’ increased use of AI
Content campaigns identified in Russia, Iran, North Korea and China
UK regulator says firms are under-reporting money mules
Financial companies cite challenge of establishing criminal intent
Bank Indonesia’s YouTube channel hacked
Hackers streamed bitcoin-related content before page was restored
BoE collaborates with NY regulator on crypto supervision
Senior staff to exchange expertise in digital payments and distributed ledger technology
Direct system breaches are top cyber risk
Main threats vary by cyber security staffing and economic groupings
Bank of Uganda launches investigation into $17m ‘hack’
Central bank declines to comment on millions of dollars reportedly stolen via diverted payments
Cipollone calls for team spirit to combat cyber attacks
ECB board member says supervisors and industry will need to collaborate more to tackle growing threat
Financial sector facing increased cyber risks – DNB official
Deputy governor says institutions’ dependence on vital infrastructure makes them vulnerable to attack
Financial Stability Benchmarks 2024 – model banks analysis
Further breakdowns of the data highlight patterns in governance, regulatory reform and cyber risk
More than half of US organisations ‘vulnerable to IT failure’
New research underlines cyber risks to central banks following CrowdStrike IT outage
Vietnam mandates biometric verification for many online transactions
Bank customers must provide face or fingerprint ID for transactions over $393
BIS finds a third of jurisdictions not developing crypto regulations
Annual CBDC and crypto survey finds decline in expected retail CBDC launches by 2030
Ransomware payments can be necessary, say panellists
Paying off hackers may be only way to safeguard financial stability, despite risks
Swift tests AI-driven fraud detection
Pilot projects aim to detect fraudulent activity and improve information sharing
Fed releases guidance on third-party services
Fed board warns of possible operational, compliance, financial and strategic risks
Binance founder sentenced to four months in prison
Nigerian court adjourns separate money laundering case against the crypto exchange
US requests three-year prison sentence for Binance founder
World’s largest crypto exchange agreed to pay $4.3 billion for violating money laundering laws
MAS partners with Mastercard to tackle cyber risks
Singaporean central bank and payments firm will share information and conduct joint training
IMF officials warn cyber risks are growing
Systemic and third-party cyber risks pose threats to central banks and firms
Digital money could boost Pacific island economies – IMF research
Loss of correspondent banking relationships may be offset by digital money infrastructure