Hackers gains access to millions of payment card details from Hudson’s Bay Co

JokerStash, a well known criminal group, has managed to breach Hudson’s Bay Co’s security systems and gain access to its payment cards data. Having penetrated the security systems of Hudson’s Bay Co, hackers have gained access to data on payment cards used at Saks and Lord & Taylor stores in North America, said Hudson’s Bay…

Standard Chartered’s SC Ventures to invest, oversee and manage investments in fintech sector

The move underscores the growing importance of technology in the banking sector. On Wednesday, Standard Chartered disclosed that it has established a business unit which will promote innovation and which will invest in financial technology. While one part of SC Ventures, its business unit which will include internal consultants to help resolve issues with the…