Information Security
UK banks a "long way" from improving antiquated IT systems - PRA director
January 9, 2014 - The UK banking sector is a "long way away" from addressing deficiencies in "antiquated" IT systems, a senior Bank of England official has told a parliamentary inquiry.
Target payment data theft highlights poor US security measures
December 23, 2013 - The recent theft of payment data from customers of US retailer Target has highlighted the importance of security in this area once again and raised fears that the US is behind other nations of the world in its data protection and security countermeasures, particularly in regard to its slow adoption of Chip and PIN security technology.
Exchange group sets up cyber-security committee
December 12, 2013 - The World Federation of Exchanges (WFE) has launched the exchange industry's first cyber-security committee, to help fend off the threat from hackers targetting mission critical market infrastructures.
Quarter of Brits would consider leaving bank over IT meltdown - survey
December 4, 2013 - A quarter of Brits would seriously consider switching their bank if it suffered a major technology failure, such as a problem with ATMs, according to a survey from Fujitsu published just two days after the RBS meltdown.
Credit Union lobby urges Congress to act on retailer data security failings
December 20, 2013 - In the wake of the massive data card breach at Target retail stores in the US, the National Association of Federal Credit Unions (Nafcu) has urged Congress to crack down on data security weaknesses in the merchant industry.
IT infrastructure top priority for financial markets in 2014 says Ovum survey
December 11, 2013 - The primary focus of technology investment for financial market participants next year will be on improving internal IT infrastructures to comply with new regulations, claims a new survey from the Ovum consultancy.
In wake of latest meltdown, RBS boss admits decades of IT neglect
December 3, 2013 - RBS chief Ross McEwan has admitted that the bank has failed to invest properly in its IT system for decades after customers were left unable to access their money or pay for goods on Cyber Monday.
Target says 40 million cards may have been compromised in data breach
December 19, 2013 - The US Secret Service is investigating a massive data card breach at Target retail stores across the United States.
JPMorgan Chase says 465,000 pre-paid cards compromised by hackers
December 5, 2013 - JPMorgan Chase says hackers have compromised its network, putting the personal information of around 465,000 pre-paid cardholders at risk.
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.
UK IT professionals fear losing the cyber-security battle
December 16, 2013 - Only a minority of 350 UK IT professionals surveyed by One Poll this quarter, on behalf of RedSeal, have said they could truthfully tell the board at their organisation they are secure from cyber-attack, with just 44% of respondents agreeing they could make this statement, while 36% said they couldn't and 20% opted for don't know.
Security and BYOD policy management key barriers to corporate mobile banking
December 5, 2013 - Corporate treasurers cite security challenges and bring-your-own-device business policies as the key obstacles to wider uptake of mobile banking platforms for treasury activities.
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.