Latest bank publications

The former AWS employee who allegedly hacked Capital One bank in July has been accused of breaching the bank’s cloud servers to mine cryptocurrency.

Paige Thompson – who went by the online moniker “erratic” – was indicted yesterday for stealing data from Capital One and 30 other entities, and has been charged with wire fraud, and computer fraud and abuse, according to Seattle court documents.

Digitalization will make 80 percent of traditional banks and financial services firms irrelevant by 2030, according to a new Gartner report  Digital transformation is well underway and is being heralded as an opportunity and necessity for firms in all industries to maintain a competitive edge. But Gartner says heritage firms in the financial sector are… Read More

Reserve Bank of Australia (RBA) suffered a mass power failure at its main data centre during routine maintenance of its fire control systems. The interruption to the central bank’s primary data centre lasted three hours, severely affecting payment systems and fixed phone lines. Sydney-based RBA confirmed the issue and updated its official Twitter feed throughout… Read More