“TOP READS OF THE WEEK” (for week ending 11 June)

The latest top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Consumer spending changes likely to stick, Visa says
• SCOTUS limits scope of computer fraud law. Here's the business impact
• 4 questions to ask after discovering a cyberattack
• Second Circuit overturns challenge to OCC fintech charter
• Tech experts discuss the three-year anniversary of GDPR
• Banks Don’t Have To Innovate
• What to consider before paying a ransom
• Clear Junction: The Payments Revolution Starts with 5G
• Fujifilm refuses to pay ransomware demand, relies on backups
• Bad actors hide in everyday IT tools, complicating detection
• 'Super-apps' are the next evolutionary step for financial services
• Billions of passwords leaked online from past data breaches
• 'Super-apps' are the next evolutionary step for financial services
• JBS paid hackers $11M ransom to avoid further disruption
• Basel suggests strictest risk weighting for crypto

From our Blog

• Greensill, Gupta and Cameron: what went wrong - FT Film
• The Month Coronavirus Unraveled American Business - A WSJ Documentary
• "Banks Don’t Have To Innovate" - Why not?
• Risk and compliance knowledge in Fintech is a superpower
• How to deal with big tech - The Economist
• How the Facebook digital currency dream has changed - CNBC Reports

Essential Geopolitics How a Cyberattack on a Pipeline Revealed Critical Shortcomings

How the cyberattack on the Colonial Pipeline will accelerate efforts to boost the cybersecurity of critical infrastructure. Will it work? 

 

Greensill, Gupta and Cameron: what went wrong - FT Film

The story of Greensill Capital's rise and fall has everything: investment banks, opaque finance, private jets, trophy mansions and the biggest British lobbying scandal in a generation, involving former prime minister David Cameron. 

The Financial Times charts the rise of Lex Greensill and Sanjeev Gupta and examines where it all went wrong.

The Month Coronavirus Unraveled American Business - A WSJ Documentary

March 2020 began on a high note for American business and ended with the economy in tatters.

This WSJ documentary goes behind-the-scenes to reveal how the coronavirus pandemic ripped through American business during the month of March 2020 -- told through the firsthand accounts of 12 prominent executives. When the coronavirus tore through industry, commerce and society in March 2020, the U.S. economy came to a screeching halt. 

Top executives relive the tough decisions they made as they scrambled to weather the storm. 

"Banks Don’t Have To Innovate" - Why not?

What good is “innovating’ if you don’t out-innovate the innovators? Contrary to popular belief, banks don't have to innovate--they need to monitor, acquire, and deploy the innovators' innovations.

Read Ron Shevlin's article HERE.

Risk and compliance knowledge in Fintech is a superpower

Whatever you think about regulation, it is a fact of life, it exists for a good reason. Moving money is a serious responsibility, and if it goes wrong, it can literally cost lives. If everything is fintech, then the value is in productizing the tricky bits of finance. 

Want to find out more? Check out the full article HERE on Fintech Brain Food

How to deal with big tech - The Economist

Senator Amy Klobuchar is leading a crusade against big-tech giants such as Apple, Amazon, Microsoft, Facebook and Google. These companies dominate the S&P 500 and wield a huge amount of influence. Should they be broken up?