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Information Security

Against the backdrop of a rising number of sophisticated cyber-attacks on the financial services sector, new guidance on how financial market infrastructures (FMIs) should protect themselves has been put out by a couple of global bodies.

The records of 2.2 million individuals and organisations suspected of being involved in terrorist activity or financial crime have been leaked on the public Internet.

March 24, 2016 - Tripwire, Inc., a leading global provider of endpoint protection and response, security and compliance solutions, today announced the results of a survey of 200 security professionals attending the RSA Conference 2016between February 29-March 4, 2016.

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.

In an era of major regulatory reform, reduced budgets and greater scrutiny, care providers should turn to integrated technology to not only protect themselves but grow and flourish in the face of such demands. This is the finding of a new white paper from Advanced, exploring how growing pressures in the sector can be relieved.

March 23, 2016 - The Minister for the Cabinet Office and Paymaster General, Matt Hancock, has confirmed today that the UK's new national cyber centre, announced by the Chancellor in November, will be called the National Cyber Security Centre (NCSC).

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.

Interbank messaging network Swift has engaged cyber-security specialists BAE Systems and Fox-IT and created a dedicated 'Forensics and Customer Security. Intelligence Team' to help shore up its defences in the wake of a string of high-profile attacks at multiple bank sites.

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.

March 4, 2016 - NatWest and RBS are to upgrade mobile security procedures after BBC journalists broke into an online bank account and removed money.

March 24, 2016 - The US Justice Department has indicted seven Iranians connected to the country's government with cyber-attacks on a host of major banks.

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.

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.

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