Shift to e-payments saves Mexican government $1.2bn annually
December 3, 2013 - The Mexican Government is saving an estimated MXN $17 billion (US$1.27 billion) per year thanks to a concerted and well-planned shift to electronic distribution of many government payrolls, pensions and social benefits, according to a study released by The Better Than Cash Alliance.
Bank of England says banks under cyber-attack
November 29, 2013 - Several UK financial institutions have been hit in the last six months by cyber-attacks, some of which have disrupted services, according to the Bank of England.
US banking industry continues slow recovery
November 27, 2013 - The Federal Deposit Insurance Corp (FDIC) has said that the banking industry in the US continued its slow recovery in the third quarter of the year.
Met police chief calls on banks to help fund new cyber-crime unit
November 22, 2013 - Scotland Yard chief Bernard Hogan-Howe is calling on banks to help fund a new London cyber-crime fighting unit, admitting that traditional policing methods are failing against high-tech crooks.
US police force pays out bitcoin ransom after falling to Cryptolocker
November 22, 2013 - A US police force has admitted to falling prey to the notorious bitcoin ransomware Cryptolocker, forking over around $750 in the virtual currency to crooks to get its files decrypted.
Regulatory and Risk Management Concerns Climbing for Banks and Credit unions
November 22, 2013 - What's the number one thing regulators could be doing to make life easier for U.S. banks and credit unions—aside from issuing fewer rules? Making them simpler to understand and offering more clarity around how to comply with them. That's according to nearly a third of the approximately 400 banks and credit unions participating in Wolters Kluwer Financial Services' November Regulatory & Risk Management Indicator.
ECB sets out draft mobile payments security recommendations
November 20, 2013 - The European Central Bank has set out draft recommendations on mobile payments security, covering everything from customer authentication to data protection.
UK crime agency warns of threat from bitcoin ransomware
November 18, 2013 - The UK's National Cyber Crime Unit is warning that tens of millions of PC users across the country are being spammed by e-mails loaded with notorious bitcoin ransomware Cryptolocker.
