data

Equifax Falls After Signs It Was Slow to Fix Flaw Hackers Used

Equifax Falls After Signs It Was Slow to Fix Flaw Hackers Used

The disclosure suggests that Equifax may have been slow to take basic steps to secure its most sensitive data, and will likely add to calls for stronger oversight of an industry whose information in the hands of criminals can enable the worst kinds of identity theft and fraud. The company faces a Federal Trade Commission »

Caribbean-based insurance providers, Advantage, choose Graphite GTC platform for software improvement

The Graphite GTC platform serves business owners in risk management and financial planning and says its tools and technology enable the development of large-scale software projects and applications. Advantage said it will use the no-code development platform to build business processes related to insurance and data management. It said the GTC platform will develop more »

Equifax’s Historic Hack May Have Exposed Almost Half of U.S.

Equifax’s Historic Hack May Have Exposed Almost Half of U.S.

Hackers exploited a website application to access names, addresses, Social Security numbers and some driver’s license numbers of potentially 143 million consumers, Equifax said Thursday in a statement. The incident — which drove down shares in after-hours trading — is a stark reminder of the risk of consumers’ personal data being exposed online, security experts »

Deutsche Börse, Illuminate invest $5 million in startup RegTek.Solutions

Illuminate Financial Management and Deutsche Börse together have provided RegTek.Solutions, a provider and specialist in global regulatory compliance software for trade and transaction reporting, with a US$5 million Series A funding round investment. New York-based startup RegTek.Solutions was launched earlier this year by Risk Focus a risk and regulatory services firm. It markets compliance softw... »

Maersk Says June Cyberattack Will Cost It up to $300 Million

Maersk Says June Cyberattack Will Cost It up to $300 Million

The announcement was made in connection with second-quarter earnings, which showed Maersk missed analyst estimates after taking a writedown at the tankers unit that’s part of the energy business management has said it wants to get rid of. In an interview with Bloomberg Television, Chief Executive Officer Soren Skou said the industry outlook was bright, »

Hackers breach 400,000 UniCredit bank accounts for data

The attack occurred in September and October of 2016 and June and July of this year, according to an emailed statement from the bank on Wednesday. UniCredit only discovered the breaches this week, two people familiar with the matter said, asking not to be identified discussing a possible criminal matter. Cyberattacks on corporations and banks »

Singapore regulator creates data analytics group

Singapore regulator creates data analytics group

The Monetary Authority of Singapore (MAS) has created what it is calling its Data Analytics Group (DAG), which it will task with leveraging the power of data to enhance its supervision of financial institutions. MAS says it believes this will decrease the cost of compliance for financial firms through the use of analytics, and increase »

ANZ creates role of Chief Data Officer

ANZ, Australia’s fourth largest bank, has announced it is appointing Emma Gray as the firm’s first chief data officer. She will be responsible for the bank’s data strategy, which includes how data is defined, gathered, managed, and made secure. Gray’s employment history lies outside of the financial sector. Previously, she was Chief Loyalty and Data »

Tech Hiring Spree Sees Russia’s Sberbank Catching Up on Big Data

Russia’s biggest bank is paying up to keep the nation’s best tech talent from emigrating to Silicon Valley. To analyze 135 million customers, it needs the power of big data. Sberbank PJSC, which holds 46 percent of Russian retail deposits, says it’s luring experts in the field with some of the highest salaries at the »

Video interview: Jason Anders, technology director at Fannie Mae

Video interview: Jason Anders, technology director at Fannie Mae

Speaking at the QA Financial Forum New York on November 29th, Fannie Mae Technology Director Jason Anders explained how and why the US government-sponsored mortgage securitisation agency created a centralised test data management team. In this brief video interview recorded at the Forum, Anders explains how centralising data delivery speeds up the test cycle. Anders »

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