Information Security
UK cyber cops take on Shylock malware
July 11, 2014 - Authorities around the world, led by the UK's National Crime Agency (NCA), have banded together to tackle the Shylock banking malware.
More than one-third of IT security pros are sending sensitive data outside of their organisation without any form of encryption
July 9, 2014 - Despite headline-making breaches that have called attention to the importance of data encryption, nearly 36 percent of IT security professionals admit to sending sensitive data outside of their organisations without using any form of encryption to protect it, a new survey[i] from Voltage Security reveals.
Brazilian scammers score $3.75 billion in malware bank fraud
July 3, 2014 - Brazilian criminal gangs have netted $3.75 billion in a micro-transaction fraud that compromises transactions made using the popular Boleto payment method.
Bank of England works with CREST to deliver cyber-security framework
June 10, 2014 - CREST, the not-for-profit organisation that represents the technical information security industry, has been working with UK Financial Authorities - Bank of England (BoE), Her Majesty's Treasury, and the Financial Conduct Authority - to develop CBEST, a new framework for sharing detailed threat intelligence and delivering cyber security tests and benchmarking for UK financial services providers.
New Cyber Security Study Shows 64% of Companies Expect to be Target of Cyber Attack within the Next Year
July 9, 2014 - Bit9® + Carbon Black, the leader in endpoint threat prevention, detection and response, today announced the results of a cyber security study which showed that nearly two-thirds (64%) of UK IT decision-makers said they expect their organisation to be the target of a cyber attack within the next 12 months. And nearly one in three (32%) of those surveyed confirm their business was hit by a cyber attack during the past year.
Korean banks under siege from Android malware
June 27, 2014 - Banking Trojans masquerading as Android mobile apps are spreading like wildfire through the smartphones of Korean users, with up to 100,000 devices so far infected.
Liquidnet fined $2m for misusing dark pool subscriber data
June 9, 2014 - Dark pool operator Liquidnet has agreed to pay $2 million to settle SEC charges that it improperly used confidential trading data from its subscribers.
Sifma Calls for U.S. Cyber War Council
July 8, 2014 - Wall Street's biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an internal document.
Consumer trust in banks wavers as card fraud rates rise
June 24, 2014 - Almost one-in-four people have fallen victim to card fraud over the past five years, according to a study of 6100 consumers across 20 countries by ACI Worldwide and Aite.
Authorities cripple Gameover Zeus botnet and CryptoLocker ransomware
June 2, 2014 - An FBI-led international operation to disrupt the Gameover Zeus botnet and CryptoLocker ransomware has given people a two-week window in which to protect their computers.
Barclays scores govt cyber security certification for digital banking services
July 4, 2014 - Barclays has become the first major organisation to receive a new UK government cyber security certification for its digital banking services.
14-year-olds use online manual to hack ATM
June 13, 2014 - Forgoing a kick around in the playground, a couple of teenage boys spent one school lunch break last week hacking into a Bank of Montreal cash machine.
Zeus-Carberp mashup Trojan targets banks
May 29, 2014 - A new Trojan that combines elements of the notorious Zeus and Carberp families is targeting hundreds of financial institutions around the world, security researchers are warning.
