Information Security
Federal Reserve announces ISO 20022 specifications for initial launch of FedNow
Source: Federal Reserve
The Federal Reserve has released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO.
ABN Amro develops 'self-healing cybersecurity software
ABN Amro has teamed up with research outfit TNO to develop "self-healing" cybersecurity software that repairs itself when under attack from viruses.
US charges North Koreans in huge hacking operation
The US Department of Justice has unsealed charged against three North Korean computer programmers it says conspired to steal and extort more than $1.3 billion in cash and cryptocurrency.
MAS revises cyber risk guidelines
Source: Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) today issued revised Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape.
Hackers publish bank employee data
Crooks have allegedly posted the personal details of several employees of Flagstar Bank, which is the latest financial institution to suffer a data breach thanks to a vulnerability with file sharing software from vendor Accellion.
RBNZ governor blames data hack on Accellion
Reserve Bank of New Zealand governor Adrian Orr has placed the blame for a recent file sharing breach squarely on the shoulders of tech provider Accellion.
Mastercard launches cybersecurity Trust Centre for small businesses
Source: Mastercard
Small businesses are the backbone of economic growth. The needs of small businesses have not changed during the pandemic, but they have grown more acute. With cyberattacks on the rise, small businesses are a huge target.
European Banking Authority hit by cyber-attack
The European Banking Authority (EBA) has taken all email systems offline after being hit by a cyber-attack targeting its Microsoft Exchange Servers.
Mastercard launches Global Cyber Forward program in Dubai
Source: Mastercard
Mastercard today launched its Global Cyber Forward program in partnership with Dubai International Financial Centre (DIFC), the leading global financial center and largest fintech hub in the Middle East, Africa and South Asia (MEASA) region.
Privacy watchdog releases damning report into massive Desjardins data breach
A data breach at Desjardins – the largest ever in the Canadian financial services sector – was caused by a series of gaps in administrative and technological safeguards, according to an investigation by the Office of the Privacy Commissioner of Canada (OPC).
Npower scraps mobile app after hackers breach customer accounts
Npower, one the UK's big six energy providers serving serving 3.6 million residential and business accounts, has shut down its mobile app after hackers accessed customers accounts, inluding partial bank details.
Reserve Bank of New Zealand describes file sharing breach as "significant"
The Governor of the Reserve Bank of New Zealand, Adrian Orr, says the recent malicious and illegal breach of a file sharing application used by the Bank is "significant".
Cost of cybercrime to exceed $1trn in 2020
The worldwide move to remote home working has contributed to a massive rise in cybercrime costs which are expected to top $1trn for the very first time this year.