High-flying stock trading fintech Robinhood has warned users to change their passwords after revealing that it stored the sensitive data in plain text, rather than an encrypted format, in its internal systems.

New data obtained by accountancy firm RSM under a freedom of information request has revealed that financial services firms reported 819 cyber incidents to the Financial Conduct Authority in 2018, a huge rise on the 69 incidents reported in 2017.

Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, completed its previously-announced acquisition of nCipher Security, formerly Thales's market-leading general purpose hardware security module (HSM) business.

Schaumburg, IL, USA (16 July 2019) – The myriad of risks related to web applications can leave organizations feeling overwhelmed. However, with the Open Web Application Security Project (OWASP) Top 10 list of application security risks, organizations have been able to narrow their focus and dedicate resources to the most pressing vulnerabilities.

Canadian financial services co-operative Desjardins has confirmed that a rogue employee stole and disseminated the personal information of more than 2.9 million members.
Desjardins was only made aware of the breach when it was contacted by the police in June.

Schaumburg, IL—While attack vectors remain largely the same year over year, attack volume will increase and cybercrime may be vastly underreported, according to the 2019 State of Cybersecurity Study from global IT and cybersecurity association ISACA.

British Airways faces a record £183.39 million fine for a data breach last year that compromised the personal information - including payment card details - of hundreds of thousands of people.
The Information Commissioner's Office (ICO) says it intends to fine BA for infringements of the General Data Protection Regulation (GDPR), criticising the firm for "poor security arrangements".

The Board of the International Organization of Securities Commissions (IOSCO) today issued a final report that provides an overview of three internationally recognized cyber standards and frameworks used by IOSCO members.

Nearly three quarters of chief information and security officers at financial institutions plan to ask their firms for an increase in cybersecurity investments in the next year, according to a survey. Of 301 CISOs quizzed by the Financial Services Information Sharing and Analysis Center (FS-ISAC), more than half say that 10% or less of their organisation's overall budget is dedicated to cyber security and 73% are looking for a bump.

The Irish central bank has issued a record fine to Wells Fargo for reporting failures by its Irish subsidiary, citing the bank's weak IT systems.

The Monetary Authority of Singapore (MAS), Bank of England and the Financial Conduct Authority announced today that they would be working together to strengthen cyber security in their financial sectors.

BBVA held its first Family Cybersecurity Day, an initiative aimed at raising awareness and educating employees and their families about the potential risks derived from the online activities and certain digital habits that are already a part of our daily lives.