Search Results for: cybersecurity
Yahoo agrees to pay $35 million for misleading investors after data breach
April 27th, 2018
The Securities and Exchange Commission (SEC) announced that Altaba formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data ...
Statement on potentially unlawful online platforms for trading digital assets including coins and tokens in ICOs
March 8th, 2018
SEC has released a Statement on potentially unlawful online platforms for trading digital assets including coins and tokens offered and sold in so-called Initial Coin Offerings (“ICOs”). Below is the Statement as it was released: Online trading platforms have become ...
BDO’s Global Revenues Pass US$8 Billion
December 14th, 2017
BDO announced its global financial results for the year ended 30 September 2017, a total combined fee income* of US$ 8.1 billion / € 7.4 billion, representing a year on year growth of 8%, at constant exchange rates. BDO’s ...
The Blockchain Revolution: Which Industries Will Cryptocurrency Affect?
November 22nd, 2017
Cryptocurrency is here to stay, establishing the ability through blockchain technology for secure identity, ownership, and records of transactions. It is no secret that there is big money involved—the collective worth fluctuates between $150 and $200 billion, and this ...
Uber Paid Hackers $100,000 to Keep Secret a Massive Data Breach In 2016
November 22nd, 2017
Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the company’s cover-up of the ...
Guidelines on hacking risks associated with internet trading in financial markets
October 30th, 2017
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over ...
Deloitte cyber-attack: Is your firm safe?
September 27th, 2017
Cybersecurity is a pervasive issue in the digital age, and no organisation is completely risk-free. So how did this happen to Deloitte, and how can firms protect their data and prevent similar cyber-attacks? Big Four firm Deloitte suffered a ...
SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
September 26th, 2017
The Securities and Exchange Commission (SEC) announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related ...
Accountancy giant Deloitte hit by cyber attack
September 26th, 2017
One of the world’s biggest accountancy firms had been targeted by a sophisticated cyber attack that has compromised the confidential emails of some of its blue-chip clients. Deloitte is one of the ‘big four’ global accountancy firms and one ...
Deloitte announces record global revenue of US$38.8 billion
September 15th, 2017
Deloitte Global today reported aggregate member firm revenue of US$38.8 billion for the fiscal year ended 31 May 2017 (FY2017), representing a 7.1 percent revenue increase in local currency terms or a US$2 billion revenue increase and 8.3 percent ...
