Information Security

Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach.
The company reportedly discovered the breach last week but only realised that customers' account details were at risk on Friday 7th and then began notifying them the following day. More than 245,000 UK customers have been notified in addition to 25,000 in Poland.

American online brokerage Scottrade says a mistake by third party vendor Genpact resulted in the sensitive information of around 20,000 customers being left exposed.
BPO outfit Genpact uploaded a dataset containing commercial loan application information from a B2B unit within Scottrade Bank to one of its cloud servers that did not have all the security protocols in place.

Kaspersky Lab and HackerOne, the leading bug bounty platform, today announced results of the Hacking America: Cybersecurity Perception study, which revealed that American businesses and consumers still need a more comprehensive understanding of cyberthreats and how to protect personal and sensitive business data online.

Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show.

Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, today announced the results of a survey of more than 200 security professionals attending RSA Conference 2017. Conducted at Tripwire’s booth, the survey gauged respondents’ concerns for their own organizations and found there are rising concerns for cybersecurity in general.

Sophisticated cyber security defenses are increasingly in high demand as a cyber security attack is now viewed as an inevitability. However, a majority of surveyed organizational leaders fear they are ill-equipped to address these threats head-on.

British financial services firms expect to increase IT spending at a healthy rate in the near future, according to a CBI/PwC survey which also shows that combatting cybercrime is a growing imperative for the industry. After a tough, Brexit-tinged 2016, the survey of 98 firms shows that sentiment in the financial services sector has stabilised in the first quarter of 2017.

Pressure is mounting on Chief Technology Officers (CTOs) to step up to the plate and protect British businesses from damaging cyber attacks. This is according to the CTO of Advanced, which has published a new white paper on the need for CTOs to act as the new lynchpin for connecting the entire organisation and ensuring cyber security becomes a board level priority.

Intel Security today announced its second annual cloud security report, “Building Trust in a Cloudy Sky.” The report outlines the current state of cloud adoption, the primary concerns with private and public cloud services, security implications, and the evolving impact of Shadow IT of the more than 2,000 IT professionals surveyed.

Overcoming security concerns, the majority of financial services firms in the US and Asia Pacific have embraced cloud technology, won over by the potential for massive cost savings, according to research from IDC Financial Insights.

2016 saw a big increase in financial phishing and banking malware, with crooks particularly targeting Android users, according to cybersecurity specialist Kaspersky Lab.

Hackers who succeeded it penetrating the Websites of several Polish banks last week appear to be behind a wave of malware attacks that have targeted banks in 31 countries since the end of last year.

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