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cyber security

The Cloud Breach Blame Game

As cloud computing becomes an ever more critical component of any modern financial technology infrastructure, cloud deals are coming under increased regulatory scrutiny.

Way back in 2007, the network of Heartland Payments Systems was hacked. Over the following months, the New Jersey credit and debit card processing business admitted that the perpetrators had gained access to data on more than 100 million cards. Until the Equifax hack in 2017, it was the biggest data breach of all time.

After the hack, Heartland founder and CEO Robert Carr went on the offensive, putting the blame on compliance auditors who had previously given the company a clean bill of health

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

MCP is dead, long live MCP

The Waters Wrap: Reb dives into the trenches of the online developer community to see whether its reputation as the great enabler of the AI age is justified.

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