DeFi in particular was criticized for lacking deposit insurance, relying on buildup of leverage, and being highly exposed to cyber risk. What’s the solution? The report ends with policy recommendations, pushing for national regulatory frameworks and common global standards. That includes:. Policies that target fintechs and traditional banks proportionately, restoring some parity.

During the Cyber Five, jewelry sales rose by 32%, according to Mastercard’s SpendingPulse. US ecommerce sales of jewelry rose 88.6%, comprising 18.2% of jewelry sales.

Microsoft has served as a cybersecurity watchdog for the Ukrainian government, by detecting and advising on cyber threats. "We remain especially concerned about recent cyberattacks on Ukrainian civilian digital targets, including the financial sector, agriculture sector, emergency response services, humanitarian aid efforts, and energy sector organizations and enterprises," the company said.

Thanksgiving Day ecommerce sales will see the highest growth of all Cyber Five days this year, rising 20.7% to $6.10 billion, per our estimates. Plus, the holiday shopping season is starting earlier and becoming more spread out, making it less important to stay open on a single day.

Technology spending at banks with FDIC-backed consumer and business expenses and savings accounts includes expenses on core systems maintenance, modernization, innovation, transformative technology, data processing, equipment, software, digital initiatives, compliance, and cyber security. Technology spending is split between two broad categories:.

Similar trends also held true in November when CPCs in Mexico were nearly double that of October’s due to the Buen Fin and Cyber Five shopping events. “Everyone wants to invest in holiday events, but they become overly saturated and cause ad spending to go way higher than it ever should,” Macarta’s Corona Betancourt said.

This most notably includes a cyber grant program which allots more than $1 billion to state and local governments over four years to advance cyber-readiness. Incentives for modernized transportation IT infrastructure are included under the Strengthening Mobility and Revolutionizing Transportation (SMART) grant program.

However, with holiday spending pulled forward in 2020, the Cyber Five period underperformed expectations despite hitting noteworthy milestones. In fact, it was the first time in our forecast, dating back to 2016, that the Cyber Five period saw a decrease in its overall share of holiday season ecommerce sales. “We saw a shift away from Cyber Week,” Salesforce’s Grant said.

Coalition raises mega round to tackle spiking cyber attacks (9/29). 21. CRED continues its funding spree, seeking $5.5B valuation (10/13).