Compliance Titans: Jim Schafer, FIS

An early interest in credit cards hooked Jim Schafer on payments. Since then, his work has taken him across the globe in roles as diverse as programming and human resources. But it’s his current role as senior compliance director of FIS Payments that has led him to be named one of Paybefore’s Compliance Titans.

Staff get cyber checked with Willis Towers Watson diagnostic tool

Here’s a twist on the usual cybersecurity stuff. Advisory firm Willis Towers Watson has launched a new diagnostic tool designed to assess people’s cyber readiness. The firm says its tool can be used to “recruit, lead and engage a more cyber-savvy workforce”. It reckons that roles in cybersecurity are “some of the most in-demand across […]

IBM unveils data protection engine for cloud era

IBM has unveiled IBM Z, a new transaction system, capable of running more than 12 billion encrypted transactions per day and designed for use in the cloud. The firm is looking to address data breaches, which it reckons are a major factor in the $2 trillion cybercrime impact on the global economy by 2019. IBM […]

Australia has a go at removing citizens’ security

The Australian Government is developing its own anti-encryption legislation, modelled on the UK’s Snoopers Charter, a set of rules deemed unfit by the European Court of Justice, reports (Banking Technology’s sister publication). The move, which was announced by Prime Minister Malcolm Turnbull, has been built on anti-terrorism messages, as yet another government uses the element […]

Darktrace raises $75m to fight cybercrime with AI

Darktrace, a start-up that tackles cybercrime with artificial intelligence (AI) capabilities, has raised $75 million in a Series D round, reports Light Reading (Banking Technology’s sister publication). The latest capital injection values the company at $825 million, testament to the security threat faced by network operators and fintech enterprises and the power of machine learning technology. […]

UN report reveals global cybersecurity holes

We have all suspected the world is not ready for the connected era, though the International Telecommunication Union’s (ITU) Global Cybersecurity Index (GCI) has confirmed it.

People on the Move: RiskIQ

Digital threat management firm RiskIQ has expanded its management team with three new executive appointments, including Nick Puetz, Jenna Raby and Clarence Cheuk.

Quantum of solace with Atos simulator launch

Prepare for cybersecurity impact! IT services corporation Atos has launched the “world’s first commercially available” machine-system capable of simulating up to 40 quantum bits (Qubits). The simulator, named Atos Quantum Learning Machine (Atos QLM), is powered by an ultra-compact supercomputer and a universal programming language. Its uses naturally extend far beyond fintech, such as for […]

P2P Is Gaining Steam, but Security Concerns Remain

Consumers prefer to use P2P payments for retail purchases, paying back relatives and friends, and settling bills—but not so much for contributing to group gifts or paying housing costs, according to a new report from NerdWallet. It also found that that while only 35 percent of U.S. consumers use such P2P products as Venmo, PayPal and Square Cash, 63 percent are interested in the payment technology.

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