Federal Communications Commission Needs to Strengthen Information Security Controls
February 1, 2013 - The Federal Communications Commission (FCC) did not effectively implement appropriate information security controls in the initial components of the Enhanced Secured Network (ESN) project.
ECB seeks to improve online payments security
January 31, 2013 - The European Central Bank has outlined plans to improve the security of Internet payments, requiring firms to beef up their customer authentication processes.
MAS regulator in Singapore plans ERM risk improvements
January 31, 2013 - The Monetary Authority of Singapore (MAS) intends to improve standards for enterprise risk management (ERM) at all financial institutions (FIs) under its control, it says, as well as review the current risk-based capital regime.
BAE Systems Detica forecasts top U.S. fraud and compliance trends for 2013
January 31, 2013 - Detica NetReveal, a business division of BAE Systems Detica, today shared the key market and emerging technology issues poised to shape the US financial crime landscape in 2013.
FERMA risk survey highlights cyber threats
January 30, 2013 - The Federation of European Risk Management Associations (FERMA) says its latest survey of its members shows that many companies still do not devote sufficient attention to cyber risks, despite an increase in the frequency, scope, and sophistication of threat vectors, as well as harsher penalties for lack of regulatory compliance and loss of sensitive data – not to mention reputational damage.
KPMG survey shows executives worried about cyber security and risk
January 30, 2013 - High level directors at numerous corporations around the world are concerned about the quality of information they receive about cyber security threats, says a new KPMG survey of 1,800 audit committee members across 21 countries.
EDHEC-Risk Institute Puts Forward a Series of Proposals to Limit Non-Financial Risks in the European Fund Management Industry
January 30, 2013 - In a summary document that concludes three years of research on better management of non-financial risks within the European fund management industry – conducted with the support of CACEIS – EDHEC-Risk Institute is putting forward a series of proposals to limit these risks which emerged during the 2007-2008 crisis and undermined the quality of the UCITS label.
Bungled automated decisions costing FS firms money and customers
January 30, 2013 - An ever increasing reliance on technology brings considerable risks for the financial services industry, with bungled automated decisions costing many firms both money and customers, according to research from the Economist Intelligence Unit (EIU).
