Share What does it mean?
Save to Folder
Major U.S. banks came under growing pressure from banking regulators to
improve the security of customer accounts after Citigroup Inc became the latest HIGH-PROFILE victim of a cyber attack
attracting a lot of attention and interest from the public and newpapers, television
The firm's organizational infrastructure needed a major OVERHAUL.
the act of repairing or improving something so that every part of it works as it should
Companies face fines of up to €75,000 for each BREACH of the legislation.
a failure to obey a law or to do what was promised or agreed
The pay agreement was a WATERSHED in the development of the company's labour relations system.
an event or period that is important because it represents a big change in how people do or think about something
Employee anger over pay violations in the restaurant industry may have reached a TIPPING POINT.
a time during an activity or process when an important decision has to be made or when a situation changes completely
As regulators weigh whether to require more spending on security, "this could be
THE STRAW THAT BREAKS THE CAMEL'S BACK", she said.
A series of irritating occurrences that eventually lead to one final thing that causes a person to lose their patience or to react in a strong way.
Like Sony, which has declared several security breaches of its networks this year,
Citi has already started to COME UNDER FIRE for not telling customers sooner.
to be criticized
The CYBER-economy of telecoms and the internet theoretically makes it possible for chunks of the workforce to operate from home
involving, using, or relating to computers, especially the internet:
The PLAINTIFF claimed damages for the financial losses suffered through breach of copyright.
a person or company that makes a legal complaint about someone else in a court of law
"If a bank can't keep data secure, it's going to have a CHILLING EFFECT not only on the banking industry, but on ecommerce," Rothken said.
a discouraging or deterring effect, especially one resulting from a restrictive law or regulation
He refused to give a FORECAST on when 365 is likely to make money for shareholders.
a statement of what is judged likely to happen in the future, based on information you have now
Macquarie’s larger global RIVALS such as Goldman Sachs are also facing turbulent
times with some resorting to job cuts to keep costs under control.
a person, company, product, etc. competing with others for the same thing or in the same area
They were forced to give up their home because they couldn't pay the MORTGAGE.
an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself
More and more people are taking out fixed-rate HOME LOAN..
a loan that you get to buy a home
Removing TOXIC ASSET would also reduce the volatility of banks' stock prices
a financial asset (= something a person or company owns) whose price has fallen by a large amount and that cannot be easily sold
Failure to comply with the latest regulations could result in LEGAL LIABILITY if patient health is affected.
responsibility that someone has for their actions, for example the responsibility to pay another person for harm or damage that is a result of these actions
