Information Security
Exchange data highlights systemic threat from cyber attacks
July 16, 2013 - Just over half of the world's securities markets have fought off intrusions by cyber-attackers over the past year, according to figures released by the International Organisation of Securities Exchanges (IOSCO) and the World Federation of Exchanges (WFE).
European data privacy watchdog queries anti-money laundering rules
July 5, 2013 - The Commission proposals on money transfers, prevention of money laundering and terrorist financing need to do more than make mere references to data protection, said the European Data Protection Supervisor (EDPS) today.
Full extent of FIS data breach comes to light
June 4, 2013 - A 2011 cyber attack on FIS was far more serious than initially reported, according to a Federal Deposit Insurance Corp (FDIC) investigation which also raises questions about the vendor's security practices.
Chinese military is behind systematic hacking claims IT security firm Mandiant
February 21, 2013 - American IT security firm, Mandiant, has released a report that identifies what it calls Unit 61398 as a secretive branch of China's military that is dedicated to cyber-hacking and stealing data and secrets from the west, confirming long held fears. China's government has denied the accusation.
US banks team up to improve digital payments safety
July 2, 2013 - The Clearing House (TCH) is working with America's biggest banks on an industry-wide "dynamic credentialing" system that will improve the safety of digital payments.
Bloomberg damaged by new data leak
May 14, 2013 - Market data vendor Bloomberg has suffered another blow to its credibility as it emerges that more than 10,000 confidential client memos sent through its private messaging system have been pubished online.
Financial industry welcomes Obama cybersecurity plans
February 14, 2013 - US President Barack Obama has signed a cybersecurity executive order designed to improve collaboration and information sharing between the government and critical infrastructure providers such as banks.
Security Appliance Market Growth Slows in First Quarter, According to IDC
June 24, 2013 - According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, factory revenue rose in the first quarter of 2013 (1Q13) compared to Q1 2012, while unit shipments declined over the same period.
FTC to host public forum on threats to mobile devices
May 10, 2013 - The Federal Trade Commission will host a one-day public forum on June 4, 2013 addressing malware, viruses and similar threats facing users of smartphones and other mobile technologies.
GAO: Cybersecurity Needs to Be Better Defined and More Effectively Implemented
February 14, 2013 - Threats to systems supporting critical infrastructure and federal operations are evolving and growing.
New COBIT 5 Guide Identifies Top Three Cybersecurity Game Changers
June 19, 2013 - Cybercrime is on the rise, but will grow even faster if organizations ignore an emerging group of cybersecurity game changers: always-on connectivity, an increasingly IT-centric society, and a new class system that separates people by technology skills.
Half of companies have lost a device with important data
March 5, 2013 - Research conducted by Varonis, the leading provider of comprehensive data governance software, found that half of companies have lost a device with important company data on it, causing security implications for over a fifth of organisations. Further, 57% of employees believe that BYOD puts their personal data at risk as well. Despite these concerns, the study also revealed that 86% of the workforce are obsessed with their devices.
Retail banking IT spend to hit $118.6bn in 2013 according to Ovum
February 4, 2013 - IT spending will grow by 3.4 percent at global retail banks reaching US$118.6bn in 2013. The Ovum Business Trends report also finds that European banks are lagging behind their North American and Asia-Pacific counterparts, with just 1.8 percent growth expected, compared to 3.3 percent and 5.1 percent, respectively.