UK banks to test cyber-security defences in Waking Shark 2 continuity exercise
October 7, 2013 - All the major UK banks are set to take part in a large business continuity cyber-threat exercise next month. Called Operation Waking Shark 2, it is being implemented by a consultancy under the aegis of the Financial Conduct Authority (FCA), Bank of England (BoE) and UK Treasury, with the intention of testing UK FI sector's ability to survive a sustained online assault from cyber-criminals.
Adobe hack exposes customer card details
October 4, 2013 - Software giant Adobe says hackers have hit its network, stealing the personal information, including encrypted payment card details, of 2.9 million customers.
Swift signs MoU with Thailand's EDTA to promote uptake of ISO20022
October 4, 2013 - SWIFT, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, today signed a Memorandum of Understanding ("MoU") with Electronic Transactions Development Agency ("ETDA") of Thailand to promote the adoption and use of ISO 20022 among the financial industry in Thailand and ASEAN.
Britain's banks told to draw up cyber-attack plans
October 2, 2013 - Britain's financial institutions must put concrete plans in place over the next few months to deal with the growing threat of cyber-attacks, the Bank of England has warned.
Card giants bid to boost online checkout security with digital tokens
October 1, 2013 - Visa, MasterCard and American Express want to overhaul global e-commerce security, ditching account numbers in favour of digital tokens for online and mobile transactions.
DTCC partners banks on global utility for client reference data
September 30, 2013 - The Depository Trust & Clearing Corporation (DTCC) has teamed up with a group of major global banks in a bid to develop a global service to collect and manage the client entity reference data necessary to meet regulatory requirements.
Santander has UK's weakest online banking security - Which?
September 26, 2013 - NatWest and RBS have been crowned the UK's most secure online banking providers by consumer group Which?, with Santander ranked bottom of the pile.
EU responds strongly to Snowden’s allegations of NSA monitoring of SWIFT data
September 25, 2013 - European politicians have expressed their anger about allegations emanating from the whistleblower Edward Snowden that the US National Security Agency (NSA) spied on bank-to-bank messaging data transmitted over the SWIFT network.
