Approximately one in ten (~9%) of all Canadians lost their jobs in 2020 due to the pandemic. After leaving around 3 million Canadians jobless over the past year, the pandemic is proving to disrupt the labor market further – with employees taking the advantage. Employers are now...
Tuesday, June 8th, The Mastercard Foundation announced its efforts in improving Africa’s COVID-19 response with a whopping $1.3 billion donation. How will the Mastercard Foundations' funds be used? The Mastercard Foundation’s $1.3 billion donation will be spread over three years to aid the manufacturing and delivery of...
Today – May 18, 2021. China banned financial institutions and payment service providers from offering any services related to cryptocurrency transactions. This is China’s latest attempt to curb the digital trading market. According to Reuters, “Under the ban, such institutions, including banks and online payments channels, must...
The past year has been incredible for the digital and payments space. Due to COVID-19 we’ve seen a significant change in the way consumers shop and handle payments. Over half of consumers surveyed by JP Morgan last year agreed that they used digital banking tools more...
Four zero-day vulnerabilities were discovered by Microsoft on its Exchange Server product early January and were exploited by the Chinese threat group named “Hafnium”. A zero-day vulnerability is a security flaw that is known to the vendor but does not have a patch or update to...
The WHO was one of the first major organizations to warn about the increase of cyberattacks and online scams happening over the past few months. In late April WHO reported a fivefold increase in cyber attacks stating that some 450 active WHO email addresses and...
Yesterday, a week after Equifax reached a whopping $650 million dollar settlement from their 2017 breach, Capital One disclosed in a press release that it suffered a massive data breach exposing the personal information of about 100 million Americans and 6 million Canadians. Again, another huge...
In the past couple of weeks, you’ve probably heard and seen it all over the news, but what is Libra coin? What does it do? The goal of Libra is to “enable a simple global currency and financial infrastructure that empowers billions of people”. To put things...
Between lots of new technology, evolving regulations, and emerging threats to data security, 2017 is gearing up to be an exciting year in the payments space. Here are Kubera’s Payment's stories to watch for 2017. Tech Breakthroughs Some of the most exciting payments stories to watch in 2017...
If you follow payments and financial technology news, you may have heard the word "Blockchain" popping up more and more over the past little while. Blockchain is the technology behind Bitcoin and is an unalterable public ledger of all transactions that have been ever been executed...