Cybersecurity
‘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.
Market participants voice concerns as landmark EU AI Act deadline approaches
Come August, the EU’s AI Act will start to sink its teeth into Europe. Despite the short window, financial firms are still wondering how best to comply.
Re-examining Big Tech’s influence over the capital markets
Waters Wrap: A few years ago, it seemed the big cloud providers were positioning themselves to dominate the capital markets tech scene. And then came ChatGPT.
The quantum leap: How investment firms are innovating with quantum tech
While banks and asset managers are already experimenting with quantum computing to optimize operations, they should also be proactive in adopting quantum-safe strategies.
As trading firms embrace AI, so do hackers
According to a Google cybersecurity report, cybercriminals are turning to AI to sharpen their attacks.
Experts urge banks to prep for quantum’s reckoning
Mathematicians across the world warn that current encryption methods will be crackable by quantum computers inside the current decade, but banks have been reluctant to prepare.
When it comes to cybersec, the walls of separation are too high
Waters Wrap: Anthony examines some recent statements made by prominent cybersecurity experts and why those words might ring hollow.
Invite us to your cyber war games, Finra urges members
Regulators and broker-dealers would both benefit if watchdogs had a seat at the table during these exercises, says a Finra senior exec.
The Model Context Protocol brings agents to life—along with risk
Waters Wrap: From chat to infrastructure modernization, Anthropic’s MCP offers a ‘bridge’ to agentic AI, but its early days may prove disillusioning.
SEC pulls rulemaking proposals in bid for course correction
The regulator withdrew 14 Gensler-era proposals, including the controversial predictive data analytics proposal.
Waters Wavelength Ep. 317: Bitdefender and Transilvania Quantum
This week, Bitdefender’s Adrian Coleșa and Transilvania Quantum’s Sorin Boloș join to discuss security vulnerabilities in quantum computing.
Big questions linger as DORA compliance approaches
The major EU regulation will go live tomorrow. Outstanding clarifications and confusion around the definition of an ICT service, penetration testing, subcontracting, and more remain.
Tech VC funding: It’s not just about the money
The IMD Wrap: It’s been a busy year for tech and data companies seeking cash to kick-start new efforts. Max details how some are putting the fun into fundraising.
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
DORA stalls over identifier dispute
A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.
Strategies for global operational resilience: Adapting to Dora and incoming regulatory requirements
A webinar exploring best practices for enhancing operational resilience within financial institutions
Should banks risk lightning hitting twice for CrowdStrike?
Bank tech teams divided on whether to give security vendor a second chance after update crash.
Let’s grow the third-party risk playbook – CME security chief
The CrowdStrike outage has highlighted the need for the financial sector to adjust its game plan.
CrowdStrike outage spurs rethink on ‘critical’ vendors
Some want US regulators to designate tech firms that pose risks to financial stability
IBM report finds ‘shadow’ data significant contributor to data breaches
As AI and cloud take on greater importance in the capital markets, firms need to consider their threat impact zones.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.