Ukraine tech sector goes to war

From the production of cheap battlefield drones to AI-powered missile detection, Ukrainian tech start-ups, IT workers and volunteers have been developing military tech and putting themselves on the front line of the war effort

IT as a Service - The half trillion dollar 'niche'

From Deloitte CIO Journal

 Deloitte Global predicts that by the end of 2018, spending on IT-as-a-Service will be just under $550 billion worldwide. For many enterprises, large and small, IT-as-a-Service is appealing for several reasons. It avoids significant capital expenditures and provides a predictable expense based on actual use which is easily scaled up or down, based on business needs.

Can our technology really be trusted?

A cyber-attacker outsmarts a “smart contract”

From The Economist –

“IS IT theft if no rules are broken? That is what users of the DAO, a futuristic investment fund, were left pondering after June 17th, when an unknown attacker made off with around 3.6m “ether”, an online currency similar to bitcoin. As cyber-heists go, it was a big one: the ether were worth about $55m at the time of the attack, about a third of the DAO’s assets. But the DAO, which stands for Decentralised Autonomous Organisation, does not have rules as such, or staff to enforce them: instead, it has computer code, which is supposed to embody its purpose and to operate automatically. If the attacker found a flaw in the code, whose fault is that? Indeed, some cyber-libertarians are arguing that whereas the heist was not a crime, altering digital ledgers to retrieve the lost ether would be an affront to the whole project.”

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March Webinars from Compliance Online

Compliance Online, the largest GRC network, offer a comprehensive range of Banking & Financial Compliance Webinars.

Check out their March program. For details click on the program title.

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2 March 2016

Guidelines for Performing a Corporate Wide Internal Audit Risk Assessment - Marna Steuart

4 March 2016

NACHA Operating Rules for Stop Payments and Unauthorized Entries - Donna K Olheiser

Report Writing for Auditing Professionals - Phil Vassallo

Implementing Operations Risk Management within an ERM Framework - Mario Mosse

9 March 2016

Foreign Exchange Hedging for Corporations - Jonathan Wetreich

10 March 2016

Third Party Vendor Risk Assessment for Financial Firms - Rules, Regulations and Best Practices - Lisa Marsden

AML Investigations and SAR Preparation - Armen Khachadourian

15 March 2016

Cyber Attacks, Incident Response Checklist, Testing & Resources - Beyond Disaster Recovery - Rayleen Pirnie

17 March 2016

Bitcoins - Fear, Uncertainty and Doubt (FUD) -  Ray Graber

18 March 2016

Risk Management - Best Practices, Roles and Responsibilities, Types and Preventives, Case Studies - Robert Geary

 

Pressure builds to delay MiFID II reforms

From Finextra –

“Pressure is mounting on the European Commission to postpone the implementation of securities market reforms under MiFID II by a year, as banks and brokers struggle to adapt their IT systems to meet the 2017 timetable.”

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