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Information Security

May 31, 2012 - The International Organisation of Standardisation (ISO) has published a standard for Legal Entity Identifiers, designed to provide unambiguous identification of counterparties engaged in financial transactions.

May 22, 2012 - Today’s mobile device users are demanding to access data from anywhere at any time. In fact, according to an annual ISACA survey on BYOD security, the use of mobile applications has nearly tripled since last year’s survey, and two-thirds of employees aged 18 to 34 have a personal device they use for work purposes.

April 4 2012 - The Federal Reserve and US Congress urgently need to plug a public policy vacuum if the national payment infrastructure is to keep up with changes in the digital economy, according to a former senior Fed executive.

March 12, 2012 - Financial industry association Isitc says that nearly two thirds of its members plan to increase their information technology spending over the next two years as regulatory compliance continues to dominate the agenda.

May 22, 2012 - The International Compliance Association (ICA) announces the launch of a brand new qualification: the ICA Advanced Certificate in Cyber Security.

March 30, 2012 - Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.

March 8, 2012 - The Skills Framework for the Information Age (SFIA), a model for matching the skills of the IT workforce to the needs of the business, has recognized two ISACA certifications: Certified Information Systems Auditor (CISA) and Certified Information Security Manager (CISM).

April 10, 2012 - According to a recent global survey of more than 3,700 IT professionals who are members of ISACA, nearly half of respondents' enterprises (44 percent) are planning to increase their IT-related investments selectively in the next 12 months, based on expected contribution to business value.

March 27, 2012 - Cybercrime is a growing threat to financial services firms and is now the second most common type of economic crime the industry faces, according to a PricewaterhouseCoopers survey.

February 28, 2012 - The threats to systems supporting critical infrastructures are evolving and growing. In a February 2011 testimony, the Director of National Intelligence noted that there had been a dramatic increase in cyber activity targeting U.S. computers and systems in the previous year, including a more than tripling of the volume of malicious software since 2009. Varying types of threats from numerous sources can adversely affect computers, software, networks, organizations, entire industries, and the Internet itself.

April 5, 2012 - Global m-payment transactions are expected to grow 97% per year, over the next three years, reaching a value of £591 billion by 2015, according to forecasts by KPMG. According to the report, growth will be fuelled by consumer demand for NFC-enabled devices that are 'always on, always fast and always accessible'.

March 21, 2012 - Global information technology spending by insurance companies is expected to reach US$140.6 billion in 2012, an increase of 6.3% over 2011. This figure is substantially higher than the 1.1% decline in growth experienced in 2011.

January 23, 2012 - Bank IT spending in North America, Europe and Asia Pacific will hit US$173.3 billion this year, a modest 2.8% rise on 2011, according to research house Celent. Asia Pacific will see by far the strongest growth, predicts Celent, with a six per cent rise in 2012 to $59.4 billion before reaching $62.3 billion in 2013.

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