In January 2019, the FCA published a consultation paper[1] that sets out guidance on how cryptoassets can be subject to its regulation. The Guidance is relevant to any firm issuing, creating, buying, selling, holding or storing cryptoassets, firms marketing cryptoasset products and services, as well as their advisers. The draft guidance, which sets out a three-category […]

Thousands of websites are being hit by cyber-thieves who implant code to scoop up payment card numbers, research suggests. Security giant Symantec found more than 4,800 websites were being hit by these “form-jacking” attacks every month. High-profile victims of these attacks include airline BA and Ticketmaster. Online crime groups had turned to the attacks as […]

Package for better market supervision. Australia’s prudential regulator has been handed $58.7 million to address emerging risks areas stemming from cyber and fintech and improve its data collection capabilities The new funding, to be provided over the next four years, is intended to support the Australian Prudential Regulation Authority (APRA) strengthen its supervision of the […]

Europol and the European Banking Federation launch awareness campaign on 7 most common online financial scams Europol’s European Cybercrime Centre (EC3), the European Banking Federation and their partners from the public and private sector are kicking off today the #CyberScams awareness campaign as part of the European Cyber Security Month Over the next week, law […]

CHINESE GENERATOR MAKES WAVES This week The Guardian reported on how the theft of five laptops in 2011 from Scottish wave-energy developer Pelamis Wave Power possibly led a Chinese competitor launching a strikingly similar product some years later. The break-in appeared to be a targeted and came several weeks after a high-level Chinese government delegation visited the company. Coincidence or […]

On 22 February, the Jersey Financial Services Commission (JFSC) issued a Dear CEO letter to highlight the growing importance of cybersecurity arrangements and the Commission’s expectations of registered persons in this regard. http://bit.ly/1VBkOsP  Although the Commission has not developed its own principles and/or guidance, it is expected that registered persons will take appropriate steps to […]

The JFSC have issued a Dear CEO letter to draw attention to the growing importance of cyber-security arrangements and the Commission’s expectations of registered persons in this regard. THE LETTER SAYS…… The frequency, sophistication and impact of cyber-attacks is increasing. Over recent years it has become clear that most businesses and organisations are potentially vulnerable […]