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IM scare for securities trading firms

SAN FRANCISCO – Securities trading firms with widespread usage of instant messaging (IM) technologies have to be on the lookout for a new vulnerability to hacker attacks.

FaceTime Communications, a California-based provider of real-time security and management solutions, recently warned that a new JPEG virus could start propagating via IM and peer-to-peer (p-to-p) networks. The announcement describes how the virus could – hitherto only in theory – exploit the latest detected Microsoft vulnerability, which was discovered in mid-September.

However, according to

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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