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Information Security

Interbank co-operative Swift is facing an uphill battle to convince its membership of the urgency of upgrading security after revealing a further spate of hacks against users of the financial messaging network.

Police have arrested a Sage employee in connection with a data breach at the accounting and payroll software provider that may have compromised the bank account details of employees at 230 UK companies.

Against the backdrop of a rising number of sophisticated cyber-attacks on the financial services sector, new guidance on how financial market infrastructures (FMIs) should protect themselves has been put out by a couple of global bodies.

March 24, 2016 - The US Justice Department has indicted seven Iranians connected to the country's government with cyber-attacks on a host of major banks.

Tripwire, Inc., a leading global provider of endpoint detection and response, security and compliance solutions, today announced the results of a survey of over 220 information security professionals who attended Black Hat USA 2016. The conference took place July 30-August 4, 2016, at the Mandalay Bay Convention Center in Las Vegas, Nevada.

The records of 2.2 million individuals and organisations suspected of being involved in terrorist activity or financial crime have been leaked on the public Internet.

March 24, 2016 - Tripwire, Inc., a leading global provider of endpoint protection and response, security and compliance solutions, today announced the results of a survey of 200 security professionals attending the RSA Conference 2016between February 29-March 4, 2016.

The price of bitcoin has tumbled as one of the world's largest exchanges suspends trading after losing $65 million worth of the cryptocurrency in a massive security breach.

In an era of major regulatory reform, reduced budgets and greater scrutiny, care providers should turn to integrated technology to not only protect themselves but grow and flourish in the face of such demands. This is the finding of a new white paper from Advanced, exploring how growing pressures in the sector can be relieved.

March 23, 2016 - The Minister for the Cabinet Office and Paymaster General, Matt Hancock, has confirmed today that the UK's new national cyber centre, announced by the Chancellor in November, will be called the National Cyber Security Centre (NCSC).

IT spending by banking and securities firms in the mature Asia/Pacific region will reach $22 billion dollars in 2016, a 0.47 percent increase from 2015, according to Gartner.

Interbank messaging network Swift has engaged cyber-security specialists BAE Systems and Fox-IT and created a dedicated 'Forensics and Customer Security. Intelligence Team' to help shore up its defences in the wake of a string of high-profile attacks at multiple bank sites.

March 18, 2016 - Russian banks have lost $25.7 million in the past six months to a new form of malware that infects IT networks and can only be eradicated by a complete infrastructure shut-down.

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