Information Security
SEC commissioner calls for Reg SCI scope to be widened
June 26, 2015 - An SEC commissioner has called on the regulator to massively expand the scope of recently introduced rules designed to strengthen the US market's technology infrastructure and protect it from cyber attacks.
RBS suffers another IT meltdown as payments go astray
June 17, 2015 - Royal Bank of Scotland is scrambling to fix an IT glitch that caused over 600,000 transactions and hundreds of thousands of pounds in payments to go missing.
Cost of cyber security breaches doubles - UK Gov
June 3, 2015 - The average cost of the most severe online security breaches for big business now starts at £1.46 million – up from £600,000 in 2014, according to government research published yesterday (2 June 2015) to raise awareness of the growing cyber threat.
Sally Beauty confirms data breach
May 15, 2015 - Sally Beauty is updating its customers today on its ongoing investigation of unusual payment card activity and on efforts to provide support to any customers who may have been affected by the incident.
Swift issues ISO 20022 best practice guidelines
June 15, 2015 - SWIFT announces that its Standards Consulting Services team has delivered over 150 ISO 20022 consulting projects to more than 70 clients across the globe.
Bacs warns firms to prepare for new era of Internet security
May 29, 2015 - The internet and internet security are moving on, and this could affect access to the service which is used for collecting Direct Debit or making Bacs Direct Credit payments.
HSBC publishes mortgage account information on the internet
April 16, 2015 - HSBC in the US has begun notifying an undisclosed number of customers that their mortgage account data may have been inadvertently published on the Internet.
Financial services top target for cyber attacks
June 9, 2015 - Out of more than six billion analyzed attacks in 2014, finance represents the No. 1 targeted sector of malicious cyber attacks, according to new report from NTT Group.
Alternative challengers in FinTech championing security and regulations
May 27, 2015 - The global financial crisis has left consumer confidence in banks at an all-time low. This disillusionment has led to 'alternative challengers' in the FinTech industry offering alternatives to consumers and businesses. This growth is being underpinned by innovations in technology and FinTech's commitment to maintaining its integrity by implementing strict security and regulatory measures, believes Rosemary Fallows, Head of Operations at Money Mover.
UK banks covering up cybercrime losses - City of London Police
April 14, 2015 - A widely-held suspicion that UK banks are covering up the true scale of cybercrime has been confirmed by the City of London Police chief Adrian Leppard, who says that up to 80% of online crime goes unreported to the authorities.
US believes China is behind cybersecurity breach of 4 million federal employees
June 5, 2015 - Hackers based in China are behind the massive data breach that could have compromised the personal data of at least 4 million current and former federal employees.
Financial Services firms must take data security more seriously warns Advanced 365
May 20, 2015 - Financial Services firms must take data security more seriously and adapt their strategies to mitigate the risk of emerging cyber-threats in what is tipped to be the sector's next disruptive decade. These are the findings of a new white paper commissioned by leading managed service provider, Advanced 365 (Advanced).
New York watchdog blasts cyber security at banks' third party vendors
April 9, 2015 - New York State's financial services watchdog is set to tighten up the rules on cyber-security standards for third party vendors working for banks after finding "significant" vulnerabilities in current relationships.
