Information Security
Russian banks lose $25.7 million to network worm
March 18, 2016 - Russian banks have lost $25.7 million in the past six months to a new form of malware that infects IT networks and can only be eradicated by a complete infrastructure shut-down.
Financial services staff spend 39% of their time working remotely
March 14, 2016 - Flexible working is on the way to becoming the norm in financial services with the average employee spending 39% of their time working remotely, according to new research from communication and information technology specialist Intercity Technology.
Global regulators to probe fintech threats to financial stability
February 29, 2016 - The Financial Stability Board is to evaluate the potential for systemic risk posed by emerging innovations in financial technology, a move which may mark the beginning of the end to the regulatory advantages enjoyed by fintech firms operating at the fringes of the financial services sector.
Syniverse Research Reveals Mobile Privacy Predicament: Consumer Trust Is Diminishing with Brands and Mobile Operators
February 22, 2016 - Multinational survey of 8,000 consumers reveals that erosion in trust impacts the potential for mobile services personalization.
Cyber security low priority for many small businesses
March 11, 2016 - As new figures reveal less than a quarter of small businesses cite cyber security as a top concern, despite its vital importance to consumers and within the supply chain. A FinTech expert warns businesses to plan ahead.
Survey: 82% of Boards Are Concerned about Cybersecurity, Yet Just 1 in 7 Security Chiefs Reports Directly to CEO
February 29, 2016 - ISACA/RSA Conference survey shows that cybersecurity is still seen as a technology issue, not a business imperative.
BioCatch warns of RAT-in-the-Mobile malware
February 18, 2016 - BioCatch, a global leader in Behavioral Authentication and Malware Detection, announced today that its behavioral authentication platform is the first to successfully detect Remote Access and RAT-in-the-Mobile (RitM) malware, in real time.
The digital revolution moves from existential threat to potential survival strategy for world’s retail banks
March 19, 2016 - These are just two of a number of predictions made by senior retail banking executives around the world who were surveyed for Retail Banking: In tech we trust, a new report from the Economist Intelligence Unit, sponsored by Temenos.
Gemalto releases findings of 2015 Breach Level Index
February 23, 2016 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today released the latest findings of the Breach Level Index, revealing that 1,673 data breaches led to 707 million data records being compromised worldwide during 2015.
Carbanak and Beyond: Banks Face New Attacks
February 9, 2016 - A year after Kaspersky Lab warned that cyber-criminals would start to adopt the tools and tactics of nation-state backed APTs in order to rob banks, the company has confirmed the return of Carbanak as Carbanak 2.0 and uncovered two more groups working in the same style: Metel and GCMAN. They attack financial organizations using covert APT-style reconnaissance and customized malware along with legitimate software and new, innovative schemes to cash out.
Journalists expose NatWest mobile security flaws
March 4, 2016 - NatWest and RBS are to upgrade mobile security procedures after BBC journalists broke into an online bank account and removed money.
707 million data record compromised in 2015 - Gemalto
February 23, 2016 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today released the latest findings of the Breach Level Index, revealing that 1,673 data breaches led to 707 million data records being compromised worldwide during 2015.
Gyft reports security breach
February 8, 2016 - In an ongoing effort to protect the accounts and account information of its users, Gyft is notifying users who may have been affected by a security incident.