Information Security
Financial industry welcomes Obama cybersecurity plans
February 14, 2013 - US President Barack Obama has signed a cybersecurity executive order designed to improve collaboration and information sharing between the government and critical infrastructure providers such as banks.
GAO: Cybersecurity Needs to Be Better Defined and More Effectively Implemented
February 14, 2013 - Threats to systems supporting critical infrastructure and federal operations are evolving and growing.
Fed to publish bank stress test results in March
January 29, 2013 - The results of the Federal Reserve's (Fed) banking stress tests will be published on 7 March, it has emerged.
Report: US banks could face huge cyber attack in 2013
December 14, 2102 - A group of the biggest banks in the US could face a major cyber attack next year, internet security firm McAfee Labs has warned. In a new report, the company said the threat is linked to a malware program known as Project Blitzkrieg, which hackers say has been in development since 2008.
Retail banking IT spend to hit $118.6bn in 2013 according to Ovum
February 4, 2013 - IT spending will grow by 3.4 percent at global retail banks reaching US$118.6bn in 2013. The Ovum Business Trends report also finds that European banks are lagging behind their North American and Asia-Pacific counterparts, with just 1.8 percent growth expected, compared to 3.3 percent and 5.1 percent, respectively.
New Research Finds Mobility “App Gap” in Enterprise IT
January 25, 2013 - New research shows that despite the adoption of mobile devices and the use of personal mobile applications in the workplace, organizations are not moving fast enough to develop and deploy mobile applications for staff, customers and partners.
SEC Names Todd K. Scharf as Chief Information Security Officer and Associate Director in Its Office of Information Technology
November 29, 2012 - The Securities and Exchange Commission today announced that it has named Todd K. Scharf, Sr. as Chief Information Security Officer and Associate Director in the agency's Office of Information Technology.
Federal Communications Commission Needs to Strengthen Information Security Controls
February 1, 2013 - The Federal Communications Commission (FCC) did not effectively implement appropriate information security controls in the initial components of the Enhanced Secured Network (ESN) project.
IDC's Chief Information Security Officer Predictions: Securing the Expanding Walls of an Enterprise
January 7, 2013 - International Data Corporation (IDC) today announced details for the upcoming Web conference, IDC's 2013 Chief Information Security Officer (CISO) Predictions: Securing the Expanding Walls of an Enterprise, to be held January 9, 2013 at 11:00 a.m. U.S. Eastern time. The complimentary Webcast will feature Chris Christiansen, Program Vice President, Security Products and Services, and will explore how the growth of BYOD strategies, cloud deployments, and social media have changed the scope and size of the enterprise and, therefore, the span of security strategies.
Banks told to step up security over DDoS attacks
October 26, 2012 - With more than a dozen major bank Web sites targeted in DDoS attacks over the last month, financial institutions need to take steps to ensure they don't become the latest victims, warns the US Financial Services Roundtable's technology unit, Bits.
KPMG survey shows executives worried about cyber security and risk
January 30, 2013 - High level directors at numerous corporations around the world are concerned about the quality of information they receive about cyber security threats, says a new KPMG survey of 1,800 audit committee members across 21 countries.
US banks in the firing line as hackers promise to renew DDoS assault spree
December 17, 2012 - A group protesting about the release of a film mocking the prophet Mohammed has promised to unleash a second wave of Distributed Denial of Service attacks against prominent US banks in the run-up to Christmas.
GAO: Additional Action Could Help Protect Consumer Mobile Device Location Data Privacy
October 11, 2012 - Using several methods of varying precision, mobile industry companies collect location data and use or share that data to provide users with location-based services, offer improved services, and increase revenue through targeted advertising.