Top 7 Financial Services Hacks By The Numbers

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WS&T Daily Alert Saturday, July 27, 2013

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FEATURED SLIDESHOW Top 7 Financial Services Hacks By The Numbers By Becca Lipman Are you up to date on the latest string of hacks and thefts that have cost financial institutions multimillions of dollars? From Anonymous's hactivism to the most recent credit card scandal, here are the most interesting 2013 data breaches to hit the headlines. READ MORE NEWS HIGHLIGHTS Are Banks Pushing to Weaken Dodd-Frank? By Phil Albinus Goldman Sachs, JPMorgan and other top investment firms have had more meetings with regulators than the reform groups. Wanna bet what they were talking about? READ MORE Lightyear Hires Former Lava Trading CEO By Ivy Schmerken Private equity firm appoints Richard Korhammer as senior adviser to make investments in fintech and capital markets sectors. READ MORE Community Chatter Posted by Simon@Pneuron Becca many thanks for such a thoughtful article. I would like to suggest that FATCA should not necessarily be a technology challenge. Rather it is another symptom of a systemic flaw we must address. After all, FATCA - in its simplest interpretation - is understanding the activities of high net worth customers who happen to be US tax payers. ... In reply to: For Banks, FATCA is a Technological Challenge (1) By Becca Lipman Posted by Charley Rich Leaving the specifics of this specific act of non-compliance aside, it is a good thing that the CFTC is starting to act. The whole point of Dodd-Frank is preventative medicine. If the CFTC waits for a big disaster to act, then they have failed. It is better that they start getting involved and start measuring what they are required to: market transparency, ... In reply to: CFTC First To Use Dodd-Frank To Charge HFT Firm (8) By Becca Lipman Posted by Martin Jermakyan It has long been an American tradition that all which is not forbidden is allowed. While I am not in favor of the described spoofing activities, I see nothing but political score making behind the actions of CFTC since the latter is not going after but is making a showcase out of the consequences of the problem. Lets try to make maximal sense out of ... In reply to: CFTC First To Use Dodd-Frank To Charge HFT Firm (8) By Becca Lipman Manage Your Newsletter Subscription Keep Getting This Newsletter Add FTNNewsletters@techweb.com to your antispam whitelist Did someone forward this newsletter to you? Receive your own free issue. You are subscribed as EmailAddress To unsubscribe, click here | Privacy Policy. WS&T Daily Alert A free service of Wall Street & Tech Copyright © 2013 United Business Media Limited 240 West 35th Street | New York, NY 10001