GAO: IT Challenges in Securing the Electricity Grid
July 17, 2012 - The threats to systems supporting critical infrastructures are evolving and growing. In testimony, the Director of National Intelligence noted a dramatic increase in cyber activity targeting U.S. computers and systems, including a more than tripling of the volume of malicious software.
US regulators warn on outsourced cloud risks
July 11, 2012 - US financial services regulators have warned banks that they need to put in more robust controls if they plan to use third party cloud services.
GAO: Progress Made in IT Reform but Future Cloud Computing Efforts Should be Better Planned
July 11, 2012 - The GAO found the selected federal agencies have made progress implementing the Office of Management and Budget's (OMB) "Cloud First" policy. Consistent with this policy, each of the seven agencies incorporated cloud computing requirements into their policies and processes. For example, one agency had incorporated a review of its information technology (IT) investment portfolio to identify candidates for a cloud solution into its IT plan.
Enterprises Need to Review their Mobile Security Policies
June 28, 2012 - The popularity and massive growth of smartphones for business use is forcing enterprises to sit up and rethink their security and defense mechanisms. In the report "Enterprise Mobile Device Security: Development Guidance to Tackle the Mobile Security Minefield" (Doc # FIN235403, June 2012), IDC Financial Insights examined the need for enterprise mobile security, especially within the mobile banking and payment arena, and discussed core measures for enterprises to boost mobile security, including mobile device management (MDM) and mobile application management (MAM).
High rolling cyber-crooks are smashing bank security safeguards
June 26, 2012 - A new, sophisticated breed of cyber-crooks targeting bank accounts belonging to businesses and high-net worth individuals around the world may have stolen EUR60 million over the last year, according to an investigation from McAfee and Guardian Analytics.
Bank CIOs Report a Wide Variance in Information Management Effectiveness
June 6, 2012 - Bank CIOs report that under-investment in Information Management (IM) programs at their institutions is expected to continue, according to a report based on a survey commissioned by Capco and conducted by The Banker.
US banks consider IT top spending priority; shift from branch to mobile evident
June 6, 2012 - American banks consider technology investment a top spending priority for the year ahead, with platform simplification the most important IT-related project, according to a KPMG survey.
ISO publishes LEI standard
May 31, 2012 - The International Organisation of Standardisation (ISO) has published a standard for Legal Entity Identifiers, designed to provide unambiguous identification of counterparties engaged in financial transactions.
