The North Korean regime has managed to increase the sophistication of its cyber attacks, which have successfully targeted banks and cryptocurrency exchanges. According to a confidential report by the United Nations, North Korea has amassed a estimated $2 billion using “widespread and increasingly sophisticated” cyberattacks that targeted banks and cryptocurrency exchanges. North Korea plans on…
The Trump administration is exploring rules that will require all 5G cellular equipment destined for the United States to be designed and manufactured outside of China. According to a report from the Wall Street Journal, U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed…
Google online ad business faces strong risks of non-compliance to EU’s GDPR. In a development that marks a heightening of Google’s privacy woes, privacy campaigners have filed complaints to data protection regulators in France, Germany and seven other EU countries over the way Google handles data in its online advertising business. Last month, complaints filed…
The European Union’s data protection supervisor will investigate whether Microsoft Corp is in compliance with the EU’s new GDPR rules. In a significant development, the European Union’s data protection supervisor disclosed, it has launched an investigation into whether services and products provided by U.S. software giant Microsoft Corp to EU institutions are in compliance with…
The synergies of the deal will enable TIBCO to add business intelligence features to its software platform that serves large banks. According to sources familiar with the matter at hand, TIBCO Software Inc, is in the process of acquiring Orchestra Networks, a French data management firm. The acquisition will boost its ability to help clients…
With Dublin as its new European headquarters, Bank of America will operate through its branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich. On Monday, Bank of America stated, having received the necessary court and regulatory approvals, it has completed the shifting of its market and banking operation from London to Dublin. The…
The strategic decision comes a day before Black Friday and the crucial holiday shopping season in the U.S. On Thursday, Amazon.com Inc, the world’s largest online retailer, stated it would no more block Australian shoppers from accessing its U.S. site. The development comes midst a customer backlash in the world’s 12 biggest economy. Australian shoppers…
Following hacker attacks which left crypto exchanges shorter by millions of dollars earlier this year, Japan intends to nurture growth while ensuring strict regulatory compliance for the cryptocurrency industry. On Wednesday, Japanese watchdog Financial Services Agency (FSA) stated, it has given the country’s cryptocurrency industry a self-regulatory status. As a result Japan Virtual Currency Exchange…
The measures proposed by the European Commission includes, blocking laws that ban EU firms to comply with U.S. sanctions law, not recognizing court ruling that enforce American penalties, start the legal process of working with Iran’s central bank and allowing EU banks to fund the projects of EU companies in Iran. On Friday, the European…
Institutions found not in compliance faces penal measures, including shutting down of operations. On Monday, South Korea’s financial regulator stated it has jointly carried out inspections on six local banks that offer virtual currency services, including opening of accounts, to institutions. In a press conference, South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service…
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