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Information Security

Bank of England officials will be sitting on the sidelines as 42 of the UK's most talented amateur cyber security enthusiasts lead the defence against a simulated computer attack on a fictional energy company.

IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc.

Businesses in the UK could face up to £122 billion in regulatory penalties for cybersecurity breaches when new EU legislation comes into effect in 2018, says the PCI Security Standards Council (PCI SSC).

Employees and IT professionals in German organizations are more confident about their ability to resist the growing risks of cyberattacks and insider threats than their counterparts in the US, UK and France. Those are among the findings from a new study of more than 3,000 end-user employees and IT practitioners across the U.S. and Europe.

Denmark's Nets has warned local banks and international card schemes of a data breach which may have compromised up to 100,000 credit cards.

Crooks have injected malicious code into 5925 online stores, enabling them to steal payment card details, according to a Dutch developer.

Andrew Tryie, the chair of the UK government's influential Treasury Select Committee has called on banking industry regulators to develop action plans and policies to protect consumer interests in light of the increasing use of biometric technology to access accounts.

Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, today announced the results of an extensive Tripwire study conducted by Dimensional Research. The study was carried out in August and evaluated key challenges that organizations must address in order to optimize their cyber security and compliance programs. Study respondents included over 500 IT security professionals.

Today, the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System welcomed publication of the Group of 7 (G-7) Fundamental Elements of Cybersecurity for the Financial Sector.

A groundbreaking partnership between DCMS, GCHQ and the nation’s top tech start-ups to develop new technologies aimed at protecting the UK from cyber attacks has been announced.

India's top banks are asking customers to change PIN codes and recalling millions of debit cards following reports of a malware-based security breach at a number of unspecified ATMs across the country.

State Bank of India, HDFC Bank, ICICI Bank, Yes Bank and Axis Bank have all issued advisories concerning the breach, which may impact up to 3.2 million debit cards. Earlier this week, State Bank of India blocked and recalled over 600,000 cards, while other banks have instructed some customers to alter their PINs and avoid using ATMs that are not on their network.

Neustar, Inc. (NYSE:NSR), a trusted, neutral provider of real-time information services, today published its “October 2016 Worldwide DDoS Attacks & Protection Report: A Steady Threat in the Connected World,” a research report focused on DDoS attack and protection trends. The report highlights that DDoS attack volume has remained consistently high and these attacks cause real damage to organizations. The global response also affirms the prevalent use of DDoS attacks to distract as “smokescreens” in concert with other malicious activities that result in additional compromise, such as viruses and ransomware.

New York Governor Andrew Cuomo has set out a host of new cybersecurity regulations for banks and insurance companies in a bid to protect consumer data and financial systems from crooks and terrorists.

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