Credit Karma settles with FTC over app security failings
August 20, 2014 - Credit and financial management service Credit Karma has been ordered to beef up its security after a US watchdog found that its mobile app left users' sensitive personal information vulnerable.
PwC fined $25m for whitewashing bank's sanctions violations
August 19, 2014 - PricewaterhouseCoopers has been fined $25 million by New York State's financial watchdog after it sanitised a report for regulators into anti-money laundering at Bank of Tokyo-Mitsubishi UFJ (BTMU).
US supermarket chain Supervalu confirms network hit by 'criminal intrusion'
August 15, 2014 - US supermarket chain Supervalu has become the latest retailer to admit that it has been hacked and that customer card data may have been stolen.
US migration to EMV gathers momentum
August 13, 2014 - More than 575 million US payments cards will feature EMV chip security by the end of next year, according to a trade body set up to push the migration from magstripe plastic.
IBM uncovers Android banking vulnerability; consumers turned off by security fears
August 8, 2014 - One-in-ten banking apps are wide open to a malicious drive-by hacking exploit that exposes user credentials when visiting bug-laden websites.
Global retail bank IT spend to soar - Ovum
August 8, 2014 - Global retail bank IT spending is to set to rise 19.9% over the next four years to hit $150 billion in 2018, according to figures from Ovum.
Indian banks to raise IT spending by 10% in 2014 - Gartner
August 7, 2014 - Indian banking and securities companies will spend 470 billion rupees on IT products and services in 2014, an increase of more than 10 percent over 2013 revenue of 426 billion rupees, according to Gartner, Inc.
PCI security council cautions on third party guidance
August 7, 2014 - Businesses are rapidly adopting a third-party operations model that can put payment data at risk.
