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MAS Warns Financial Institutions of Quantum Computing Cyber Threats

Fintech News

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

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MAS Seeks Feedback to Close Regulatory Gaps for Crypto Service Providers

Fintech News

The aim is to mitigate the risks associated with such businesses. The purpose of these requirements is to address the risks of money laundering and terrorism financing, to which DTSPs may be particularly exposed due to their cross-border operations.

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Metrika Successfully Completes Proof-of-Concept on Evaluating Operational Risks in Digital Assets

Fintech Review

This PoC provided an opportunity to explore insights into technological risks associated with digital assets across multiple blockchains. About Metrika Metrika is the leading provider of real-time, dynamic risk management solutions for digital assets and blockchain.

Risk 52
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Real-time P2P seems risky, but the security is solid

Payments Source

There are lots of layers technology risk-mitigation features, and in addition, network level mitigation is provided as well, writes Robb Gaynor, chief product officer at Malauzai.

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As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

Operational risks would also arise from AIs extensive data needs, leading to scalability and interoperability challenges, while centralisation risks can create single points of failure, weakening system resilience.

AI 97
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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. MAS-TRM compliance: Technology risk management guidelines by the Monetary Authority of Singapore. NESA compliance: Standards set by the National Electronic Security Authority in the UAE.

MFA 130
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Implementing AI Becomes Top-Two Priority for 31% of UK Executives Reveals Accenture

The Fintech Times

Of all the risk factors that have increased in the last two years, disruptive technologies were the second most significant for UK executives, only behind regulatory and compliance risks (33 per cent). Disruptive technology risk ranked fourth among global executives.

AI 59