By AFP  May 11, 2018 | 01:45 pm GMT+7 JP Morgan's application follows similar moves by Swizterland-based UBS Group and Japan's Nomura Holdings. Photo by AFP But Beijing said it would liberalise shareholding limits in the financial services industry last year. Wall Street titan JP Morgan Chase has become the latest firm to apply for a controlling stake in a Chinese securities venture, taking advantage of new rules Beijing put in place last month as part of a move to open up the economy. JP Morgan Broking applied to establish a foreign invested securities firm with 51 percent control on May 10, according to a statement by the China Securities Regulatory Commission (CSRC) posted on Thursday. "The CSRC will carry out the relevant auditing efficiently, in compliance and according to the law," the statement said. JP Morgan's application comes after the CSRC said Switzerland-based UBS Group and Japan's Nomura Holdings had applied for controlling stakes in … [Read more...] about Wall Street banking giant JP Morgan looks to expand in China
Jp morgan data breach
JP Morgan upbeat about VN’s economy
JP Morgan experts forecast that Việt Nam's inflation rate will cool down, the balance of payments will be better supported, and its foreign currency reserves will increase. Meanwhile, Việt Nam's trade deficit will be offset by overseas Vietnamese remittances and foreign direct investment. The bank holds that the asset quality of banks remains one of the most worrying problems of the Vietnamese economy, even though the possibility of a crisis in the banking system is low at present./. … [Read more...] about JP Morgan upbeat about VN’s economy
For Millennials, going naked online better than data breach
Which would you prefer: Naked pictures of yourself circulating on the Internet or a breach of your financial data? According to a new survey from Mastercard, 62 percent of Millennials would rather have their nude photos leaked online than have their financial information stolen or compromised. By contrast, the general population is a little more shy about their bodies: 55 percent would rather get naked on the Internet than lose financial privacy. While baring some flesh, apparently, is not all that alarming, Millennials are more concerned about an e-mail hack or their phone being stolen. (Having their home robbed or getting pickpocketed, while still pretty bad, is not as big of a deal to Millennials, though, according to the Mastercard survey.) "Today's digital lifestyle means consumer concerns regarding safety and security have moved online," says identity theft consultant Robert Siciliano. After all, what's a little flash of skin? It has even paid off for the Kim Kardashians and … [Read more...] about For Millennials, going naked online better than data breach
Bike-sharing provider oBike suffers global data breach
SINGAPORE: Local bike-sharing service provider oBike had suffered a global security breach that lasted at least two weeks, resulting in user data being leaked online. According to a recent report by Bavarian news agency BR24, user data that could be accessed online include names, mobile phone numbers, email addresses, profile pictures and the routes they took when they rented the bicycles. It added that the data was not encrypted or protected.It stated in the report that these data did not just affect users in Germany, but also users from others such as Singapore, Malaysia, Switzerland and Great Britain. An oBike spokesperson confirmed the incident saying it was "made aware of the issue and worked quickly to resolve it immediately", although she did not reveal when the breach took place, and when the company resolved the breach. The company said the issue "stemmed from a gap in our API (application programming interface) that allowed users to refer a friend to our … [Read more...] about Bike-sharing provider oBike suffers global data breach
Uber’s messy data breach collides with launch of SoftBank deal
A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.The stock sale advertised in the New York Times will enable Uber [UBER.UL] investors to sell their shares to Japanese investor SoftBank, a critical deal for the company whose problems included building software to spy on competitors and to evade regulators and being investigated in Asia for paying bribes.Uber on Tuesday said that it had paid hackers $100,000 to destroy data on more than 57 million customers and drivers that was stolen from the company - and decided under the previous CEO Travis Kalanick not to report the matter to victims or authorities. Uber was first hacked in October 2016 and discovered the data breach the following month.Chief Executive Dara Khosrowshahi, … [Read more...] about Uber’s messy data breach collides with launch of SoftBank deal