18 cybersecurity trends organizations need to brace for in 2018
Security experts recently offered their opinions on 18 cybersecurity trends and challenges companies should anticipate in the new year. These include the rise of artificial intelligence and threats from ransomware.
The 4 top security concerns on the minds of millennials
When it comes to cybersecurity, millennials are a radically different generation. They're far more tech savvy than their older generational counterparts, but various pieces of research show that they worry less about being the target of a hack or a breach.
(Dec 26) -- The Senate proposal to exempt thousands of small U.S. banks from Volcker rule restrictions on speculative trading "would be a loophole," Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said in an interview. Some highlights:
Exemption "does open a door, if you are oriented to use deposits to speculate"
Hoenig sees loophole in how the Senate rule defines 5% limit on banks' trading activity
Says bill's definition of trading assets, liabilities would include short-term, speculative trades but not longer-term trades
(Dec 27) -- Financial stability risks caused by low interest rates are something to monitor globally in the coming year, Federal Reserve Bank of Boston President Eric Rosengren said in a Boston Fed blog post. Some highlights:
"I do worry that we may start to see 'reach for yield' kinds of behaviors on financial investments that could potentially have broader implications at a time when monetary or fiscal policy can't react if we get a big negative shock."
Rosengren said "geopolitical risks" were more severe than in recent years.
Boston Fed chief says U.S. central bank is in the midst of transition: "We'll have very different leadership at the Board of Governors, which will make 2018 an interesting transition year."
NOTE: Rosengren is a 2019 voter on the Federal Open Market Committee.
The French Laundry: money, lies and intrigue on the Cote d'Azur
Fabien Gaglio confessed to running a $100 million Ponzi scheme on his own terms. At 9 a.m. on a Wednesday in Paris, dressed elegantly in a dark sweater and crisp white shirt, the 39-year-old banker from the French Riviera walked into a police precinct and took a seat in an interrogation room, armed with a folder of notes.