Information Security
High rolling cyber-crooks are smashing bank security safeguards
June 26, 2012 - A new, sophisticated breed of cyber-crooks targeting bank accounts belonging to businesses and high-net worth individuals around the world may have stolen EUR60 million over the last year, according to an investigation from McAfee and Guardian Analytics.
Bank CIOs Report a Wide Variance in Information Management Effectiveness
June 6, 2012 - Bank CIOs report that under-investment in Information Management (IM) programs at their institutions is expected to continue, according to a report based on a survey commissioned by Capco and conducted by The Banker.
International Compliance Association launches new cyber security qualification
May 22, 2012 - The International Compliance Association (ICA) announces the launch of a brand new qualification: the ICA Advanced Certificate in Cyber Security.
Global Payments hit by 'massive' breach
March 30, 2012 - Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.
US banks consider IT top spending priority; shift from branch to mobile evident
June 6, 2012 - American banks consider technology investment a top spending priority for the year ahead, with platform simplification the most important IT-related project, according to a KPMG survey.
Survey: 44% of Enterprises Worldwide Plan to Increase IT Investments in 2012
April 10, 2012 - According to a recent global survey of more than 3,700 IT professionals who are members of ISACA, nearly half of respondents' enterprises (44 percent) are planning to increase their IT-related investments selectively in the next 12 months, based on expected contribution to business value.
Cybercrime a growing risk for FS firms - PwC survey
March 27, 2012 - Cybercrime is a growing threat to financial services firms and is now the second most common type of economic crime the industry faces, according to a PricewaterhouseCoopers survey.
ISO publishes LEI standard
May 31, 2012 - The International Organisation of Standardisation (ISO) has published a standard for Legal Entity Identifiers, designed to provide unambiguous identification of counterparties engaged in financial transactions.
Mobile payments set to reach £591 billion by 2015 - KPMG
April 5, 2012 - Global m-payment transactions are expected to grow 97% per year, over the next three years, reaching a value of £591 billion by 2015, according to forecasts by KPMG. According to the report, growth will be fuelled by consumer demand for NFC-enabled devices that are 'always on, always fast and always accessible'.
IT Spending in Insurance: A Global Perspective
March 21, 2012 - Global information technology spending by insurance companies is expected to reach US$140.6 billion in 2012, an increase of 6.3% over 2011. This figure is substantially higher than the 1.1% decline in growth experienced in 2011.
ISACA Issues Guidance on Virtualized Desktop Infrastructure
May 22, 2012 - Today’s mobile device users are demanding to access data from anywhere at any time. In fact, according to an annual ISACA survey on BYOD security, the use of mobile applications has nearly tripled since last year’s survey, and two-thirds of employees aged 18 to 34 have a personal device they use for work purposes.
US payments system failing to meet the needs of the digital economy
April 4 2012 - The Federal Reserve and US Congress urgently need to plug a public policy vacuum if the national payment infrastructure is to keep up with changes in the digital economy, according to a former senior Fed executive.
Isitc members to boost IT spending
March 12, 2012 - Financial industry association Isitc says that nearly two thirds of its members plan to increase their information technology spending over the next two years as regulatory compliance continues to dominate the agenda.