The Emoji Prince thinks he's found true love online, but he soon becomes the victim of a romance scam. BITS fraud expert Roxane Schneider explains how you can avoid romance scams over the Valentines Day holiday.
Early in my federal government career, I worked for a time in England. There I learned the humor—and truth—of the old maxim that “England and America are two countries separated by a common language.” Similarly, since entering the private sector at FSR last year, I’ve realized that when government and industry communicate, we may use the same words, but we sometimes don’t mean the same thing.
The financial industry is rapidly adopting a new tactic in the fight against cybercrime. Plus: the state of frequent flyer perks. Cybersecurity remains a key challenge for financial institutions, with cybercrime potentially threatening banks, investors, and customers alike. A number of measures have been adopted over the years to improve financial security, from EMV to basic best practices.
The financial services industry is making strong headway in the fight against cyber crime: more than 2,500 banks have registered a new .BANK domain name, a cybersecurity tool designed to provide a trusted, verified and more secure online experience for their customers. The Cybersecurity Information Sharing Act (CISA) was passed by Congress and signed into law after years of work advocating before Congress, the administration and policymakers. These moves are and will be critically needed as hundreds of millions of Americans have been exposed in recent breaches, falling victim to cyber crime.
2015 was marked by an explosion of blockchain announcements by start-ups and incumbents. Investors claim blockchain is a break-through technology that can be used to enable peer-to-peer exchange of anything of value, including assets, property, and contracts, using cryptography in lieu of trusted intermediaries. As more companies announce their future plans for blockchain, interest is reaching a tipping point, but the fear of disintermediation is also a reality.