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What Are DDoS Attacks and What Risks Do They Pose to the Bfsi Sector?
Date: October 11, 2022
By Mohit Bijlani, Head of UK&I at Cloudflare At a high level, a distributed Denial-of-Service (DDoS) attack is like an unexpected traffic jam clogging up the highway, preventing regular traffic from arriving at its destination. DDoS attacks can be divided into three categories: Application layer attacks that target the layer where web pages are generated...
Overcoming Cyber Security Challenges in the Evolving FinTech Landscape
Date: October 10, 2022
By Gavin Knapp, Cyber Defence Technical Lead at Bridewell The finance sector is a lucrative target for cyber criminals. Attacking fintech organisations offers numerous avenues for profit through theft, fraud, and extortion, while nation-state-backed groups are increasingly targeting the sector for political and ideological leverage. As such, the heat is rising for businesses. The Financial Conduct...
Risk-Averse Investors Pile Into Cash at Fastest Rate Since April 2020
Date: October 7, 2022
LONDON (Reuters) – Investors piled into cash at the fastest weekly rate since April 2020 in the week to Wednesday, as soaring government borrowing costs, high energy prices and slowing growth fanned risk aversion, BofA Global Research said in a note on Friday. Investors ploughed $88.8 billion into cash, BofA said, citing EPFR data, and...
Is IT Time for Lenders to Review Their Security?
Date: October 6, 2022
By Ann Ebberson, partner in Rosling King’s Real Estate Group The U.K is going through a cost-of-living crisis driven by a multitude of different factors including the slump in the value of the pound, high inflation outstripping wage increases and thus leading to less disposable income, as well as tax increases. Given the squeeze on...
Eurex Clearing Says Collateral Cushion Rises to Record High
Date: October 6, 2022
By Yoruk Bahceli and Nell Mackenzie LONDON (Reuters) – The collateral against potential losses posted on derivatives trades at Eurex has risen to a record high of around 130 billion euros ($128 billion) in the face of highly volatile markets and stubborn inflation, Erik Mueller, CEO of Eurex Clearing, told Reuters on Thursday. This is...
Trends Powering RegTech Adoption
Date: October 6, 2022
By Ajay Katara, a Domain Consultant in Banking Risk Management area at Tata Consultancy Services (TCS) RegTech or technology aiding Regulatory Compliance has been evolving as per the changing global dynamics in the recent years. RegTech investments initially started gaining prominence in prescriptive compliances area mostly regulations published by various Regulatory Authorities. We saw a...