Efforts by IT security researchers to get to the bottom of the recent ransomware attack have been hampered by an inability to find early traces of the so-called WannaCry strain, according to research commissioned by Reuters and conducted by security ratings firm BitSight.
The Financial Conduct Authority (FCA) today entered into a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong to foster collaboration in support of financial technology (Fintech) innovation.
Three Chinese citizens who traded on insider information by hacking into the systems of two New York-based law firms have been fined $8.8 million by the Securities and Exchange Commission.
New research reveals that cyberattacks on the government sector doubled in 2016, hiking to 14% from 7% of all cyber security attacks in 2015. Attacks on the finance sector also rose dramatically from just 3% in 2015 to 14% of all attacks in 2016.
Hong Kong's Securities and Futures Commission is proposing new rules to strengthen cyber-security controls for stock trading following a spate of hacking incidents that resulted in hundreds of millions of dollars in losses.
The UK's Barclays Bank is rolling out a service to enable customers to switch off debit cards direct from their mobile app as part of a £10m nationwide drive to increase the public’s awareness of financial fraud risks.