Fintech – Page 3 – Computer Security Articles

How blockchain could solve the internet privacy problem

April 9, 2018 admin BlockChain, Emerging Technology, Fintech, privacy, Security

Credit to Author: Lucas Mearian| Date: Mon, 09 Apr 2018 03:00:00 -0700

Fintech firms, software makers, telecom providers and other businesses have joined forces develop a blockchain-based network that will enable anyone to exchange digital credentials online and without the risk of unintentionally exposing any private data.

The companies are part of the Sovrin Foundation, a new nonprofit organization now developing the Sovrin Network, which could enable anyone to globally exchange pre-verified data with any entity also on the network.

The online credentials would be akin to identify information you or I might have in our physical wallets: a driver’s license, a bank debit card or a company ID.

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ComputerWorld Independent

This is how blockchain might solve the internet privacy problem

April 9, 2018 admin BlockChain, Emerging Technology, Fintech, privacy, Security

Credit to Author: Lucas Mearian| Date: Mon, 09 Apr 2018 03:00:00 -0700

The online credentials would be akin to identify information you or I might have in our physical wallets: a driver’s license, a bank debit card or a company ID.

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ComputerWorld Independent

Blockchain to ‘radically’ transform anti-fraud, anti-money-laundering efforts

March 23, 2018 admin BlockChain, Fintech, Regulation, Security

Credit to Author: Lucas Mearian| Date: Fri, 23 Mar 2018 03:20:00 -0700

Blockchain could be the answer to increasingly tough anti-money laundering (AML) statutes and enterprise fraud management (EFM) requirements looming for the financial services industry.

In a report released this week by Forrester Research, blockchain’s distributed ledger technology – because it is both secure and immutable – is ideal for meeting new government requirements and serving as a trusted repository for identification purposes.

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ComputerWorld Independent

Study: FinTech, other industries should open blockchain sandboxes and work with regulators

March 7, 2018 admin BlockChain, Fintech, Security

Credit to Author: Lucas Mearian| Date: Wed, 07 Mar 2018 14:11:00 -0800

For regulators to understand blockchain’s cybersecurity benefits and risks, they must first have a deeper understanding of the technology – and businesses hold the key to that, according to new research.

Governments around the world are beginning to increase regulatory oversight of cryptocurrencies, such as bitcoin, which are underpinned by blockchain’s distributed ledger technology. In turn, businesses that use private or “permissioned” blockchain networks are likely to also see more oversight, according to experts.

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ComputerWorld Independent

SEC eyes crackdown on cryptocurrencies

March 1, 2018 admin BlockChain, Fintech, Regulation, Security

Credit to Author: Lucas Mearian| Date: Thu, 01 Mar 2018 14:24:00 -0800

The Securities and Exchange Commission (SEC) is cracking down on FinTech companies issuing initial coin offerings (ICOs), and has served dozens of subpoenas and information requests.

The regulatory action is the latest in a series of warnings related to the multi-billion cryptocurrency market and the sale of digital tokens, which in some cases may violate federal laws, according to the Wall Street Journal.

The SEC declined comment on the report.

Cryptocurrencies, or digial tokens such as bitcoin, Ether and Ripple, are based on blockchain technology and have existed in a gray area that allows for cross-border transactions that are far more efficient than traditional fiat-based currencies such as dollars or euros.

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ComputerWorld Independent

Governments eye their own blockchain cryptocurrencies

February 9, 2018 admin E-commerce, Fintech, Public Cloud, Security

Credit to Author: Lucas Mearian| Date: Fri, 09 Feb 2018 03:11:00 -0800

Last year’s blockchain pilot projects are rapidly becoming this year’s live implementations in a variety of industries, and even sectors that have until now been vexed by the distributed ledger technology are following suit.

Case in point: Governments, which are moving to regulate blockchain technology and the cryptocurrencies it underpins.

Cryptocurrencies such as bitcoin that live in open networks, have so far inhabited a regulatory gray area, because there’s no way for a central authority to track users. The distributed ledgers, however, are useful because they can enable cross-border transactions over peer-to-peer networks in real time, anywhere in the world – without a central governing authority such as a bank or credit card company.

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ComputerWorld Independent

Mingis on Tech: 2018 – the year blockchain breaks out

January 23, 2018 admin Data Center, Fintech, Security

Blockchain continues to evolve and grow, as more companies test it out. It's now seen as the heart of a new global shipping platform that could save companies billions of dollars and as the underpinning for a P2P cloud storage endeavor.