Information Security
In wake of latest meltdown, RBS boss admits decades of IT neglect
December 3, 2013 - RBS chief Ross McEwan has admitted that the bank has failed to invest properly in its IT system for decades after customers were left unable to access their money or pay for goods on Cyber Monday.
Bank of England says banks under cyber-attack
November 29, 2013 - Several UK financial institutions have been hit in the last six months by cyber-attacks, some of which have disrupted services, according to the Bank of England.
Hackers steal credit card details of 376,000 Irish consumers
November 15, 2013 - Irish banks AIB and Permanent TSB say that they suspect that some of their customers have fallen victim to card fraud after a massive data breach at loyalty points outfit Loyaltybuild.
IBM Study: Security Officers Gaining a Strategic Voice, Transforming Technology and Business in Global Organizations
October 24, 2013 - A new IBM study of security leaders reveals that they are increasingly being called upon to address board-level security concerns and as a result are becoming a more strategic voice within their organizations.
Met police chief calls on banks to help fund new cyber-crime unit
November 22, 2013 - Scotland Yard chief Bernard Hogan-Howe is calling on banks to help fund a new London cyber-crime fighting unit, admitting that traditional policing methods are failing against high-tech crooks.
Mobile banking use increased 50% in 2013
November 15, 2013 - Mobile banking is becoming an increasingly prominent element of the way people manage their finances.
IBM develops two-factor security for mobile devices
October 21, 2013 - Applying a combination of NFC technology and contactless bank cards, IBM has developed a simple two-factor authentication protocol for users conducting mobile transactions.
US police force pays out bitcoin ransom after falling to Cryptolocker
November 22, 2013 - A US police force has admitted to falling prey to the notorious bitcoin ransomware Cryptolocker, forking over around $750 in the virtual currency to crooks to get its files decrypted.
Beglian and Dutch data protection authorities to investigate Swift security
November 14, 2013 - The Belgian and Dutch Data Protection Authorities are to conduct an investigation into security at Swift following allegations that data transmitted over the interbank network was spied on by the US National Security Authority.
East reports 32% rise on European ATM-related fraud attacks
October 14, 2013 - East (the European ATM Security Team) has reported a 32% increase in ATM related fraud attacks, despite a 9% fall in card skimming incidents.
ECB sets out draft mobile payments security recommendations
November 20, 2013 - The European Central Bank has set out draft recommendations on mobile payments security, covering everything from customer authentication to data protection.
Increased Hacking and Data Leaks Drives Renewed Focus on Board Communications
November 6, 2013 - Thomson Reuters annual Board Governance survey reveals organizations lack understanding of security risks surrounding board materials.
Cybersecurity approaches to APTs are often 10 years out of date, says new ISACA Book
October 11, 2013 - Many of today's most destructive advanced persistent threats (APTs) were conceived a decade ago, so enterprises that rely on most traditional approaches to cybersecurity are unlikely to succeed against the next generation of attacks. This is one of the cautions in a new book published by global IT association ISACA in Cybersecurity Awareness Month.