Cyber crime
Fed research examines single cyber attack’s effects on stability
Federal funds market and discount window kept banks liquid despite attack – researchers
Bangladesh Bank heist casino boss faces lawsuit in New York
Bank asserts Kim Wong was involved in money laundering for North Korean regime
Maintaining trust is top focus of comms teams
Benchmarking data sheds light on how central banks measure the effectiveness of communications
Some CCPs could struggle to cover major losses – FSB
Cyber attack could pose serious problems for systemically important CCPs, report finds
Brazil’s largest state considers suspending Pix payments
São Paulo legislature examining payments system shutdown as an anti-crime measure
Chinese governor says CBDC must balance privacy and anti-crime measures
Yi says PBoC will collect “minimum amount of information” as police report first CBDC-related arrests
RBNZ seeks greater collaboration on cyber incidents
New response team was established following September cyber attack
UAE central bank announces new cyber security centre
Gulf state saw huge increase in cyber attacks in 2020
Financial Stability Benchmarks 2021 report – keeping the sector secure
Benchmark exercise presents responses on AML/CFT, cyber, macro-prudential and other risks
Cyber security exercises useful, say benchmark participants
Over half of participants simulate cyber attacks – a quarter do so more than once a year
Cyber attacks rising, most benchmark institutions say
Financial sector hacking attacks rose in past two years
RBNZ served ‘compliance notice’ after cyber attack
Privacy commissioner concerned by possible “systemic weakness” in central bank’s cyber defences
Brazil delays integrating payments into ‘open banking’ project
Phase three of project delayed to October after technical difficulties emerge
Riksbank warns about e-krona fraudsters
Swedish central bank points to false online information claiming it is selling e-kronor
Swiss central bank and stock exchange to launch new network
Communications system based on Scion technology aims to increase cyber security
UK and Singapore to co-operate on regulation
Central banks and finance ministries to co-operate on cyber security and climate impact
Danish central bank denies suffering breach in SolarWinds hack
Media reports claimed central bank had been exposed for seven months
Central banks will need new tools if low rates persist – Rogoff
Governments must clamp down on crypto assets while central banks develop CBDCs, economist says
El Salvador to make bitcoin legal tender
President claims the move, a first for any country, will aid remittances and financial inclusion
RBNZ’s Orr admits ‘shortfalls’ on cyber security
But KPMG report also lays blame on vendor for delays in pushing out critical software update
Swedish and Norwegian central banks warn of cyber threats
Even small attacks can have major effects on stability, Norges Bank and Sveriges Riksbank say
Over 4,000 FCA staff complete mandatory cyber training
FCA spends $26,990 on cyber security course
Fintech & IT Benchmarks 2021 – presentation
Central Banking’s fintech and IT subject matter specialist Rachael King speaks with Christopher Jeffery about fintech and IT staffing and salaries, research and investment, system resilience, CBDCs and the wider fintech ecosystem
BoE’s Nelson warns against ‘rigid’ approach to op risk
Firms may fear the “wrath” of regulators, but rules should not offer guarantees, says official