Bank regulators in the US have outlined cyber security standards designed to protect financial markets and consumers from online attacks against the nation’s financial firms, Reuters reports. Leading banks will be expected to use the most sophisticated anti-hacking tools on the market and to be able to recover from any attack within two hours. Banks with assets of at least US$50bn must satisfy new rules that will be finalized “in the months ahead”.
- Alipay expands across Europe after deals with major banks and payment providers
- Android Pay offers Christmas rewards
- Loyalty and gifts added to Apple Pay
- Amazon Go store will let customers shop and go without checkout queues
- Join us on Thursday for HCE mobile payments webinar