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Google parent company Alphabet launches cyber security company
Google’s parent company Alphabet says it is launching a cyber security company using technology created in its research and development arm called X. Chronicle will try to give organisations a much clearer view of their security situation by combining Google’s strengths in machine learning with large amounts of computing power and storage. The new company [...]
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2018: The death of the password?
Passwords are no longer passing muster as a security or authentication method. The problem is quantity as much as quality. The average number of passwords registered to a single e-mail address is 130, according to password management company Dashlane. With so many passwords, people choose memorable ones, reuse them across sites and write them down. [...]
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Money laundering in the 21st century: Follow the money
Around $2 trillion is laundered every year and everyone is paying the price. Banks have huge regulatory overheads. Businesses and consumers encounter friction to open a bank account, transfer funds or instruct a lawyer. The best companies manage risk best. So, how do those in the payments industry use technology, process and people to manage [...]
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Future of European Fintech Alliance statement on the final Regulatory Technical Standards (RTS) on strong customer authentication
The Future of European Fintech Alliance, consisting of 72 European FinTechs, challenger banks and FinTech associations, has taken note of the final Regulatory Technical Standards (RTS) on strong customer authentication and secure communication under PSD2 adopted by the European Commission. The text constitutes a workable compromise between the interests of the incumbent banking industry on [...]
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Criminal underworld dropping Bitcoin for other cryptocurrencies
Bitcoin, despite its stratospheric price, is losing its allure with some of its earliest and most avid fans, the criminals, giving rise to a new breed of cryptocurrencies. Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using [...]
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