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Banks Signed a 'Net Zero' Pledge, Then Shoveled Cash at Fossil Fuels

Gizmodo

The world’s most powerful banks have funded fossil fuel projects to the tune of $4.6 banks—JPMorgan Chase, Citi, Wells Fargo, and Bank of America—all of which have signed… Read more. trillion in the six years since the Paris Agreement, a new report from a group of NGOs finds. A quarter of that funding comes from just four U.S.

Banking 110
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Can cyber-crime result in global financial systemic risk?

Trends in the Living Networks

On Saturday I was interviewed on SBS World News about the ATM heist that netted $45 million from 40,000 withdrawals over 26 countries. It was an extremely sophisticated attack, involving not just hacking credit card payment processors and banks, but also eliminating the limits on prepaid debit cards before creating thousands of copies.

Financial 158
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CIO Fletcher Previn on designing the future of work

CIO Business Intelligence

Then, we quickly shifted our attention to the next phase, which was solving the security challenge of employees working in homes with smart thermostats, online classes, and video games all potentially on the same network. I think about this in the context of a ‘relationship bank.’

Strategy 133
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Ferrari Ransom Attack Is 'Platinum Card' of Data Breaches

SecureWorld News

While the luxury sports car maker said the attackers gained access to its network and then demanded a ransom not to leak data stolen from its systems, Ferrari is yet to disclose if this was a ransomware attack or just an extortion attempt. Ferrari N.V. announces that Ferrari S.p.A.,

Data 89
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Law firm is strictly watching the Houser LLP data breach

Dataconomy

All details regarding the Houser LLP data breach In a disclosure made to the office of Maine’s attorney general on Wednesday, it was revealed that during the incident related to the Houser LLP data breach, certain documents were not only encrypted but also illicitly extracted from the company’s network.

Data 36
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IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

The closest thing in its portfolio is a stake in Aareal Group, a bank that has an ERP software subsidiary, Aareaon, which provides digital solutions for the European property industry. Its other investments include minority stakes in national postal services, supermarket chains, consumer electronics stores and a French TV network.

IBM 93
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Remitly reports $458M in 2021 revenue, up 78%, as remittance company suspends service in Russia

GeekWire

million, up 69% in the year-ago period, with a net loss of $16.6 EU, and other allies this week cut Russian banks off from Swift , an international payment communication system that helps facilitate transactions. The remittance company, which went public in September, reported Q4 revenue of $135.3 million, up from $9 million.

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