Tag Archives: Regulation

Global investments in FinTech have more than tripled since 2014, amounting to over USD 12 billion. Given this incredible growth, here’s a look at 10 key FinTech trends to keep …

At the Singapore FinTech Festival in 2018, eight experts gave their predictions for FinTech in 2019. Azerbaijan to delay VAT implementation on electronic payments Using artificial intelligence to combat criminality …

Production and effective communication is vital for any financial company in the modern world. Communication apps such as WhatsApp offer easy communication solutions; however, it is important that financial companies …

New connected devices arrive on the market almost daily, and privacy and security issues arising from the use of digital products and services regularly feature in the news. Because of …

The internet of things (IoT) has great potential in the Russian market. Currently, innovations in this area are actively developing; however, a draft decision by Russia’s state commission on radio …

In October 2018, Almaty hosted the second annual Kaz’Hack’Stan Conference. The Conference, devoted to practical issues in the field of information security, included panel discussions, example cases from information security …

Participants in the Kazakhstani financial system are faced with new technological challenges that they are unable to adequately face alone. However, the industry is struggling to confront them as a …

The London Office for Rapid Cybersecurity Advancement (LORCA) has opened in East London. The center, which will be run by the technology innovation center Plexal, was opened with the intentions …

Various regulations worldwide (e.g. the General Data Protection Regulation (GDPR), the U.S. Foreign Account Tax Compliance Act (FATCA), the Payment Service Directive (PSD2) and anti-money laundering (AML) measures) have supported …

More than 30 technology companies, including Facebook and Microsoft, are planning to announce their refusal to take part in possible cyberattacks organized by any government. This includes attacks against citizens, …

Europol has announced the arrest of 95 professional fraudsters and members of internet-based criminal networks suspected of online fraud activities as part of its 2018 e-Commerce Action. The suspects arrested …

There is an arms race developing between cyber criminals on the one side and cryptocurrency exchanges and regulators on the other side. In recent years, there has been a tripling …

Azerbaijan has announced the replacement of cryptographic keys that serve as protection for domain name systems (DNS). Cryptographic keys, first introduced in 2010, are responsible for the security and integrity …

The Global Cyber Alliance (GCA), a cybersecurity nonprofit, has announced that only 11 of the top 50 U.S. financial institutions and 9 of the top 50 European financial institutions are …

Southeast Asian nations have agreed to adopt cybersecurity rules following major data breaches in the region. Ministers in the 10-member Association of Southeast Asian Nations have agreed to 11 voluntary, …

The government of Azerbaijan has announced the development of a national cybersecurity strategy. The strategy, an initiative of the Ministry of Transport, Communications and High Technologies, envisages setting up a …

The government of Germany has formed a cybersecurity innovation agency. The agency, set to begin work in early 2019, will be tasked with researching highly-innovative security projects as well as …

Russia’s Federal Security Service has created the National Computer Incident Coordination Center to combat cyber threats against the country, especially its “critical infrastructure”. The Center will charge with: detecting, preventing and …

The digital economy is lucrative yet highly-vulnerable, with cybercriminals relentlessly hunting for vulnerabilities and security gaps. This has led to a flurry of recent data breach incidents giving rise to …

As part of a technological due diligence by Amazon when evaluating a potential acquisition, it was found that many motherboards assembled by Super Micro Computer Inc. (SuperMicro) for Elemental Technologies …