Hackers took advantage of weak protections on France Televisions’ computers Tuesday, stealing more than 100,000 contacts.
Personal data, including names, postal and email addresses and telephone numbers were compromised, the French public national television broadcaster said in a statement. However, France Televisions was adamant that no passwords or bank details were stolen.
The attack comes just a week after a hack forced Paris-based network TV5Monde off the air and the internet for 18 hours. A group of self-described Islamic State militants waging “cyberjihad” took credit for that attack.
But the attack on France Televisions is believed to be criminal in nature; the thieves are expected to sell the stolen data.
Stephane Van Bosterhaudt, technical director for France Televisions, told the Agence France-Presse that the security measures the broadcaster had put in place were insufficient. He noted that the attack appeared to come from a black hat hacker group called Linker Squad, which is known for taking advantage of its victims’ vulnerabilities.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Far and away, the largest financial market on the planet is the foreign exchange currencies market, where on average individuals and organisations trade more than $5 trillion daily. In the FX world, the ability to master the market isn't considered a luxury for treasury officers–it's a necessity.