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cybersecurity

Is Coinbase Safe?

When it comes to crypto, safety is one of the first things people want to figure out before making any decisions. Nobody wants to put …

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The picture describes the press release.

One in every fifty children falls victim to identity theft each year

LSEG Risk Intelligence today publishes a report drawing attention to the global rise in child ...
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Quantum Computing in Finance and Banking

How Quantum Computing Could Disrupt Wall Street by 2030

Wall Street is on borrowed time. For years, banks have relied on encryption to protect ...
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Is the Lazarus Group Behind the $1.5 Billion Bybit Crypto Heist?

Could it be the largest theft in history? On Friday last week, Bybit, a Dubai-based ...
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BEST is a framework run by the Bank of England through the industry body CREST that delivers controlled, bespoke, intelligence-led cyber security tests, to increase the resiliency of financial services organisations against cyber attacks.
“The newest technology of the future won’t be able to tell that you are using an exotic protocol. A lot of companies are afraid of attacks, and for them so they wouldn’t want to advertise necessarily that their network has an exotic protocol. Our VPN means that from the outside companies can remain incognito and nobody can tell if they are protected by anything other than standard cryptography.”
It is easy to see why, in the context of the UK, such a law may be needed. Of the more than 460,000 Suspicious Activity Reports sent by UK banks to the UK Financial Intelligence Unit in recent years for suspicious transactions, the government’s Law Commission concluded that many were of “low-quality” and that many banks had a poor understanding of their reporting obligations, reporting less to assist the authorities than to avoid a law suit.

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