Robinhood’s Crypto Unit Fined $30 Million by Top New York Financial Regulator

The New York State Department of Financial Services has fined online brokerage Robinhood Markets Inc.’s cryptocurrency trading unit $30 million for alleged violations of anti-money laundering regulations. money and cybersecurity, as part of the department’s first crypto enforcement action. Newsletter Sign-Up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news … Read more

The Business Case for Cybersecurity Performance Management in Financial Services

According to the Verizon Data Breach Investigation Report (DBIR) 2022, data breaches caused by ransomware increased nearly fivefold, from 5% to over 25%. Additionally, the cost of data breaches has increased dramatically in recent years. In 2021, the cost of a data breach rose to $4.24 million on average, an increase of more than 10% … Read more

Time is running out for financial services leaders

The objective is ambitious: the government wants to make the United Kingdom the first net zero financial center in the world. In 2023, most major businesses and financial services institutions in the UK will have to start publishing detailed plans on how they intend to achieve net zero, under proposed Treasury rules. These plans should … Read more

How can financial services improve sustainability in the cloud? And why?

Whether it’s effective customer support, open banking, or business analytics, data is fundamental to today’s financial services industry. But with the growing importance of data comes calls for more sustainable practices globally. While it’s easy to think of airplanes or agriculture when talking about our carbon footprint – because these elements exist physically in the … Read more