In other news … the jobs that first come to mind for ex-CIA and military operatives probably don’t involve a bank’s headquarters, but the out-of-the-box thinking that’s driving banks to fill top cybersecurity positions with military intelligence gives financial institutions the upper hand against cybercrime. Beyond movies and TV shows, bank robberies are more likely to happen virtually than physically, cementing cybersecurity as CEOs’ reigning concern.
And … the wild west atmosphere of the newest financial sub-sector, cryptocurrency, may soon ride into the sunset on the back of the first crypto unicorn. Coinbase reportedly talked to U.S. regulators about bank licensing possibilities, which would put the company under more scrutiny and regulation. Crypto enthusiasts stress deregulation, but Coinbase’s law-abiding stance could help propel cryptocurrency further into the mainstream.