Information Security
Sifma calls for government action after Quantum Dawn cyber security drill
July 19, 2013 - SIFMA today released the following statement from Karl Schimmeck, vice president, financial services operations, upon completion of the Quantum Dawn 2 cybersecurity exercise.
Citi blames tech for failure to redact personal data from 150k bankruptcy filings
July 18, 2013 - A software glitch saw US bank Citi fail to redact the personal information of nearly 150,000 people in bankruptcy filings, according to court documents unsealed this week.
US banks team up to improve digital payments safety
July 2, 2013 - The Clearing House (TCH) is working with America's biggest banks on an industry-wide "dynamic credentialing" system that will improve the safety of digital payments.
Bloomberg damaged by new data leak
May 14, 2013 - Market data vendor Bloomberg has suffered another blow to its credibility as it emerges that more than 10,000 confidential client memos sent through its private messaging system have been pubished online.
Wall Street business continuity testing against cyber threat underway
July 18, 2013 - Wall Street banks and financial institutions (FIs) are testing their business continuity planning (BCP) systems and procedures today against a cyber-attack scenario.
Security Appliance Market Growth Slows in First Quarter, According to IDC
June 24, 2013 - According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, factory revenue rose in the first quarter of 2013 (1Q13) compared to Q1 2012, while unit shipments declined over the same period.
FTC to host public forum on threats to mobile devices
May 10, 2013 - The Federal Trade Commission will host a one-day public forum on June 4, 2013 addressing malware, viruses and similar threats facing users of smartphones and other mobile technologies.
Exchange data highlights systemic threat from cyber attacks
July 16, 2013 - Just over half of the world's securities markets have fought off intrusions by cyber-attackers over the past year, according to figures released by the International Organisation of Securities Exchanges (IOSCO) and the World Federation of Exchanges (WFE).
New COBIT 5 Guide Identifies Top Three Cybersecurity Game Changers
June 19, 2013 - Cybercrime is on the rise, but will grow even faster if organizations ignore an emerging group of cybersecurity game changers: always-on connectivity, an increasingly IT-centric society, and a new class system that separates people by technology skills.
Half of companies have lost a device with important data
March 5, 2013 - Research conducted by Varonis, the leading provider of comprehensive data governance software, found that half of companies have lost a device with important company data on it, causing security implications for over a fifth of organisations. Further, 57% of employees believe that BYOD puts their personal data at risk as well. Despite these concerns, the study also revealed that 86% of the workforce are obsessed with their devices.
European data privacy watchdog queries anti-money laundering rules
July 5, 2013 - The Commission proposals on money transfers, prevention of money laundering and terrorist financing need to do more than make mere references to data protection, said the European Data Protection Supervisor (EDPS) today.
Full extent of FIS data breach comes to light
June 4, 2013 - A 2011 cyber attack on FIS was far more serious than initially reported, according to a Federal Deposit Insurance Corp (FDIC) investigation which also raises questions about the vendor's security practices.
Chinese military is behind systematic hacking claims IT security firm Mandiant
February 21, 2013 - American IT security firm, Mandiant, has released a report that identifies what it calls Unit 61398 as a secretive branch of China's military that is dedicated to cyber-hacking and stealing data and secrets from the west, confirming long held fears. China's government has denied the accusation.