INFORMILO

Morgan Stanley and JP Morgan have had serious security breaches in recent years and months, resulting in millions of records becoming public. And Swift, the system banks use to send payment instructions worth trillions of dollars each day, was hacked at least three times over the summer. At Sibos, its annual conference, Swift announced the introduction of a set of security standards and an associated assurance framework for its customers... A $20.5 million joint investment by six banks in a fintech start-up called SecureKey is part of an ambitious plan to roll out a national digital identity network in Canada that aims to offer a secure way for consumers to exchange all types of personal data.