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Not so SWIFT: Bank messaging system slow to address weak points
More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have said that the organisation for years suspected there were weaknesses in the way smaller banks used its messaging terminals – but did not address such vulnerabilities.
Australia's ASX invests in blockchain to simplify markets
Markets operator ASX Ltd said it has made a minority investment in U.S.-based Digital Asset Holdings to develop distributed ledger technology, or blockchain, to potentially simplify Australia’s post-trade equity market.
Zuckerberg philanthropy effort tests uncharted waters
Following the stunning news of their US$45bil (RM190.71bil) philanthropy initiative, Facebook founder Mark Zuckerberg and his wife face the challenging task of ensuring the staggering sum is put to good use.
Starboard asks Yahoo to sell core business instead of Alibaba stake
Activist investor Starboard Value LP asked Yahoo Inc to drop plans to spin off its stake in Alibaba Group Holdings Ltd due to tax concerns, and instead urged the company to sell its core search and display advertising businesses.
NY banking regulator unveils details on planned cybersecurity rules
New York State's financial services regulator unveiled details about potential new cyber security regulations for banks and insurance companies under its jurisdiction.
Ethics of human genome editing needs further review: White House
The White House said the ethical issues associated with gene-editing on the human genome need further study by the scientific community and should not be pursued until issues are resolved.
US science leaders to tackle ethics of gene-editing technology
The leading US scientific organisation, responding to concerns expressed by scientists and ethicists, has launched an ambitious initiative to recommend guidelines for new genetic technology that has the potential to create "designer babies."
AT&T to pay US$25mil penalty for call centre data breaches
AT&T will pay a US$25mil (RM90.61mil) fine for “lax security” at overseas call centres where employees stole personal data for mobile phone traffickers, US regulators said.
BT opts for EE over O2 for £12.5bil UK mobile deal
BT has entered exclusive talks with the owners of EE for a potential £12.5bil (RM68.27bil) acquisition deal to give the former UK state telecoms firm the top position in mobile as well as fixed line broadband services.
Police body cameras carry risks without firm rules
Civil rights activists and some police chiefs are warning that the Obama administration's proposal to help local police departments buy 50,000 body cameras must come with firm rules on how to use the equipment.