Technology & social media Archive

Feb 14, 2017
A top regulator has urged broker-dealers to combine their anti-money laundering (AML) and other compliance efforts to help tackle issues that traditionally may not have been on AML teams’ radars, such as cyber-security and safeguarding elderly clients. ‘As the industry relies more on big data analytics for customer identification and suspicious activity identification, it’s important that firms continue to fuse their AML compliance programs with other complian...
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Feb 07, 2017
New York regulators have criticized plans to license certain technology firms offering banking products and services, pointing to a potential turf war between authorities and highlighting challenges to the proposal after industry groups also warned of difficulties. Comptroller of the Currency Thomas Curry on December 2 said the Office of the Comptroller of the Currency (OCC) would consider applications from financial technology (fintech) firms to become special purp...
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Feb 01, 2017
Financial services industry groups have sounded a note of caution – and concern over competition – as bank regulators consider plans to license certain technology companies as they begin to offer banking products and services. Comptroller of the Currency Thomas Curry on December 2 said the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) firms to become special purpose national b...
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Jan 17, 2017
The National Association of Corporate Directors (NACD) and Internet Security Alliance (ISA) have called for greater board oversight regarding cyber-security, amid growing losses that are tipped to exceed $6 trillion by 2021. Highlighting the degree of uncertainty around the topic, just 42 percent of board members feel confident or very confident that their company is properly secure against a cyber-attack, according to a new advisory handbook from the groups. The ha...
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Nov 22, 2016
As cyber-security threats continue to increase and perpetrators get past traditional cyber-security approaches, companies need more advanced preparation to mitigate potential breaches and their impacts. In 2016 Advisen and Zurich North America surveyed 345 risk managers, insurance buyers and other risk professionals about business strategies in information security and cyber-risk management in a variety of industries. Information security and cyber-risk manageme...
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Jul 22, 2016
The corporate website is a crucial communication tool for IR professionals. Analysts and fund managers rely on them for data, viewpoints and background information, while private shareholders increasingly turn to them to check on their own companies or research new ones. The IR section is, of course, the main focus for this but there is plenty of evidence that these users will look around the whole site, and perhaps even the enterprise’s social media channels. Wh...
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Dec 10, 2015
The greatest challenge faced by IT audit professionals around the world is the ‘ever-changing nature of complex emerging technology and infrastructure changes,’ according to a recent survey by ISACA, a global nonprofit association of IT professionals, and consulting firm Protiviti. Yet, fewer than one in three organizations consider themselves ‘very effective at managing cybersecurity risk to an acceptable level.’ The report, titled A global look at IT a...
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Nov 12, 2015
Early last year, when Facebook announced plans to acquire messaging app WhatsApp, the Federal Trade Commission’s (FTC) consumer protection bureau stepped in to warn both companies about potential data privacy infringements that could result from the merger. In a letter, bureau director Jessica Rich reminded them about their promise to consumers that after the acquisition WhatsApp would continue to uphold its pre-merger privacy practices. Invoking Section 5 of the ...
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