Internet drives growth in European card fraud - ECB
February 25, 2014 - Card fraud in the Single euro payments area (Sepa) increased in 2012 for the first time in four years, hitting EUR1.33 billion, European Central Bank figures show.
US state regulators investigate virtual currencies; Mt. Gox chief quits Bitcoin Foundation
February 24, 2014 - A collection of US state financial regulators has become the latest body to launch an investigation into bitcoin and other virtual currencies. Meanwhile, the boss of troubled exchange Mt. Gox has resigned from the board of the Bitcoin Foundation.
Organizations See Public Cloud Sharing Tools as Primary Security Risk
February 24, 2014 - Organizations consider public cloud sharing tools as a primary security risk according to a survey of 621 IT professional conducted by Axway (NYSE Euronext: AXW.PA), a market leader in governing the flow of data, and Ponemon Institute.
PwC's Survey Indicates a Greater Occurrence of Fraud in U.S. Companies Compared to the Rest of the World
February 19, 2014 - More than half of U.S. organizations that experienced fraud in the last two years reported an increase in the number of occurrences, according to the Global Economic Crime Survey 2014 released today by PwC US, representing a continuing upward trend in the occurrence and detection of economic crime. Forty-five percent of organizations in the U.S. suffered from some type of fraud in the past two years, more than the global average of 37 percent.
ICA launches new FICS Accredited qualification in Singapore for those looking to break into a compliance career
February 20, 2014 - The International Compliance Association (ICA) is pleased to announce a brand new qualification: The ICA FICS Accredited Advanced Certificate in Governance, Risk & Compliance designed for those new to compliance.
New study puts spotlight on the growing importance of risk management for institutional investors
February 18, 2014 - Over 80% of institutional investors expect risk management to play an even greater role in the investment decision process in the future, according to a new study published by BNY Mellon, a global leader in investment management and investment services, in collaboration with Nobel Prize-winning economist Dr. Harry Markowitz. In addition, over the next five years 73% expect to spend more time on investment risk issues, while 68% expect to spend more time on operational risk issues. Only 25% of respondents, however, had a chief risk officer.
New US Cybersecurity Framework Developed by NIST Features COBIT 5 in the Core
February 17, 2014 - ISACA's COBIT 5 is included as an informative reference in the core of the US Cybersecurity Framework, which launched this week and is aimed at helping improve cybersecurity at critical infrastructure operators and other businesses.
Retail and financial services groups form cybersecurity partnership
February 14, 2014 - In the wake of the Target data breach, a collection of merchant and financial trade associations have joined forces, promising to work to together to tackle cybersecurity threats. The two industries have long been at odds over who takes the blame and bears the costs associated with cyber attacks.
