Information Security
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.
Employees Causing Security Threats With Persistent Use of Personal Cloud-Based Lockers, File Sync Services
September 25, 2013 - Nearly 30% of employees are using personal cloud services to store work-related documents, according to a survey conducted at recent technology trade shows in which 5% of respondents also admitted to uploading confidential data to their personal cloud accounts. The severity of this threat to their employers is the subject of a new report from Varonis Systems, Inc., the leading provider of access, governance and retention solutions for human-generated data, which conducted the survey.
12 arrested over multi-million pound Santander cyber-heist plot
September 13, 2013 - UK police have arrested 12 men accused of plotting to take control of a Santander bank branch computer and use it to steal millions of pounds.
Nasdaq and major banks the victims as five indicted for largest known cyber breach
July 26, 2013 - US lawmakers have charged five men with conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole more than 160 million credit card numbers and resulted in hundreds of millions of dollars in losses.
Police arrest eight over £1.3m Barclays branch cyber-theft
September 20, 2013 - UK police have arrested eight men in connection with the theft of £1.3 million by a gang which managed to take control of a Barclays Bank branch computer system.
FBI warns banks of 9/11 cyber-attack threat
September 11, 2013 - US banks could face a wave of distributed-denial-of-service (DDoS) hits today to mark the anniversary of the 11 September 2001 terrorist attacks, warns the FBI.
Sifma calls for government action after Quantum Dawn cyber security drill
July 19, 2013 - SIFMA today released the following statement from Karl Schimmeck, vice president, financial services operations, upon completion of the Quantum Dawn 2 cybersecurity exercise.
US bank regulator raises prospect of cyber-security legislation; Iosco also on guard
September 19, 2013 - A top US banking regulator has warned that more legislation may be needed in the fight against an ever-growing cyber-security threat.
China extends probe into brokerage IT after Everbright reports $85.5 million loss due to glitch
September 9, 2013 - China Everbright Securities lost $85.5 million due to a technical glitch in its order management system which flooded the market with erroneous buy orders and seriously disrupted trading in China last month.
Citi blames tech for failure to redact personal data from 150k bankruptcy filings
July 18, 2013 - A software glitch saw US bank Citi fail to redact the personal information of nearly 150,000 people in bankruptcy filings, according to court documents unsealed this week.
NSA snooped on Visa/Swift networks - Der Spiegel
September 16, 2013 - The US National Security Agency allegedly tapped in to credit card and bank-to-bank transactions crossing the Visa and Swift networks as part of its global intelligence gathering operations, according to documents passed to Der Spiegel by whistleblower Edward Snowden.
Bloomberg told to improve security in client data privacy probe
August 23, 2013 - Bloomberg has said it will create and enforce stronger barriers between its news services and financial data units to stop reporters accessing client information.
Wall Street business continuity testing against cyber threat underway
July 18, 2013 - Wall Street banks and financial institutions (FIs) are testing their business continuity planning (BCP) systems and procedures today against a cyber-attack scenario.