Ken Chen

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Global Risks 2018 - Enterprise Risk Management

<i>Unsustainable asset prices?</i> The world is eight years into a bull run, with global stock markets hitting all-time high after all-time high. This has …

Artificial Intelligence is a game changer for risk management in finance | Bloomberg Professional Services

Data is a critical input to risk management practices across industries, so it follows that the exponential increase in the volume of data from …

How AI and machine learning could improve wealth management

From robo-advice to chatbots, the much-hyped technology will be revolutionary for finance, claims a new report.<p>In the past 12 months interest in …

Stop Counting Vulnerabilities Start Measuring Risk

When security teams report on real risk, executive teams can gain a much better understanding of the company's security posture.<p>As a security team, …

Deloitte Hack Underscores Risk of Credential Leaks

Deloitte became the latest big name firm to be linked to a major breach. The Guardian reported on Monday that the company had been hacked and emails …

Amazon Web Services

Hackers are using a terrifying new method for stealing cash out of ATMs

Hackers have a new hands-off approach to stealing money out of ATMs.<p>A report from Trends Micro says there is a shift in the ATM malware landscape …

ATMs

Google warns that govt is demanding more of your private data than ever

And thousands more user accounts have been affected by US national security orders than previously reported.<p>Google received more government requests …

Surveillance

OPINION: The Future of risk- New game, new rules

JOHANNESBURG - In today’s hyper-connected world - dominated by mobile devices, social media and evolving expectations from society with increasingly …

Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO

The HBO hack is just one recent example of how cyberattackers are now targeting corporations, and CyberArk chief Udi Mokady said that bitcoin is …

Deutsche Bank’s Real-Time Stress Test

Deutsche Bank, already branded the world’s riskiest bank by the International Monetary Fund, is in more trouble than anybody thought. Yesterday, the <i>Wall Street Journal</i> and <i>Bloomberg</i> reported that the U.S. Justice Department wants to fine Deutsche Bank fourteen billion dollars for its role in …

Cuando no eres uno más, Eres tu propia Marca

<i>“Si tu trabajo no tiene nada especial, por mucho que te esfuerces, nadie reparará en ti, y eso significará cada vez más, que nadie estará dispuesto a</i> …

The NSA hack proves Apple was right to fight the FBI

"The component of the government that is supposed to be absolutely best at keeping secrets didn't manage to keep this secret effectively," Nate Cardozo, a senior staff attorney with the Electronic Frontier Foundation, told Business Insider.<p>In February, a judge ordered Apple to help the FBI unlock …

Nobel Prize-winning economist Stiglitz tells us why 'neoliberalism is dead'

Speaking with Business Insider after the launch of his latest book, "The Euro: How A Common Currency Threatens the Future of Europe"— which argues that the fundamental flaws with the euro and the broader European economy are causing huge problems for the continent and risk leading to its downfall — …

These two guys just hacked the chip card that was supposed to keep your credit card safe

Though most credit card companies are moving away from cards that swipe to chip cards — or EMV for Europay, MasterCard, and Visa — two researchers presenting at the Black Hat security conference last week demonstrated how a criminal can steal the data from cards that are being billed as more secure.<p>…

Some Countries Are So Afraid Of Russian Hackers They’re Creating ‘Cyber Embassies’ Overseas

Estonia is so afraid of Russian hackers that they’re taking the unprecedented step of creating a data center in the UK, effectively building the world’s first cyber embassy.<p>The Estonian government has every reason to be afraid, too. Russia actively uses hacking and cyberwarfare on countries it’s …

Protecting your PC from ransomware gets harder with EMET-evading exploit

Bad guys score a victory in their never-ending arms race with defenders.<p>Drive-by attacks that install the once-feared TeslaCrypt crypto ransomware …

'Alarming' rise in ransomware tracked

<b>Cyber-thieves are adopting ransomware in "alarming" numbers, say security researchers.</b><p>There are now more than 120 separate families of ransomware, said experts studying the malicious software.<p>Other researchers have seen a 3,500% increase in the criminal use of net infrastructure that helps run …

President of Philippine bank at center of $81 million heist quits

MANILA (Reuters) - The Philippines’ Rizal Commercial Banking Corp said it has accepted the resignation of its president, Lorenzo Tan, even as it cleared the official of any wrongdoing in connection with a $81 million money laundering scandal.<p>Lorenzo Tan, president and chief executive officer of the …

Central Banks

Zika virus: first American dies of complications linked to disease

CDC reports man San Juan man developed autoimmune disorder after recovering from Zika symptoms, including fever and rash<p>The first American has died from complications related to the Zika virus, health officials with the Centers for Disease Control reported late Friday.<p>A Puerto Rican man in his 70s …

The 22 Most Beautiful Places in the World

These destinations are just begging to be Instagrammed.<p>There are so many amazing places around the globe to see, we couldn't possibly include them all in just one list. But, these breathtaking destinations are definitely worth bumping to the top of your travel bucket list–whether you're looking to …

A popular toymaker's website is giving visitors ransomware

Ransomware, a type of malware that holds your computer hostage until you pay a certain amount of money, seems to be getting more popular since it …

The Psychological Cost of Boring Buildings

New Yorkers have long bemoaned their city being overrun by bland office towers and chain stores: Soon, it seems, every corner will either be a bank, …

Why Homeland Security Just Recommended That You Uninstall QuickTime Right Away

Technology Photo credit: Gil C/ShutterstockIT security firms and the United States government are recommending all Windows users to uninstall their …

The Privacy Dangers of a Cashless Society Were Clear Over 40 Years Ago

Your bank and credit card companies have quite a file on you. They know how often you go out to eat, how often you drink, how often you fill up your …

People Are Still Dumb Enough to Pick Up Abandoned USBs and Plug Them In

Would you plug a random USB stick into your computer? According to a new study by researchers from the University of Illinois Urbana-Champaign, …

Dirty little secrets — Fusion

One April morning in 2014, Jurgen Mossack, the tall, German-born co-founder of the prominent Panama City law firm Mossack Fonseca, shot off an …

Leaked documents show the dark corners where the mega-rich hide their billions

It’s an open secret that the mega-rich and powerful people in the world go to great lengths to keep their financial situations hidden from world governments (and tax collectors), but a collection of 11.5 million documents called “The Panama Papers” shows just how tangled the web gets.<p>Organized into …

Corruption