Information Security
Target says 40 million cards may have been compromised in data breach
December 19, 2013 - The US Secret Service is investigating a massive data card breach at Target retail stores across the United States.
UK IT professionals fear losing the cyber-security battle
December 16, 2013 - Only a minority of 350 UK IT professionals surveyed by One Poll this quarter, on behalf of RedSeal, have said they could truthfully tell the board at their organisation they are secure from cyber-attack, with just 44% of respondents agreeing they could make this statement, while 36% said they couldn't and 20% opted for don't know.
Security and BYOD policy management key barriers to corporate mobile banking
December 5, 2013 - Corporate treasurers cite security challenges and bring-your-own-device business policies as the key obstacles to wider uptake of mobile banking platforms for treasury activities.
Met police chief calls on banks to help fund new cyber-crime unit
November 22, 2013 - Scotland Yard chief Bernard Hogan-Howe is calling on banks to help fund a new London cyber-crime fighting unit, admitting that traditional policing methods are failing against high-tech crooks.
Exchange group sets up cyber-security committee
December 12, 2013 - The World Federation of Exchanges (WFE) has launched the exchange industry's first cyber-security committee, to help fend off the threat from hackers targetting mission critical market infrastructures.
Quarter of Brits would consider leaving bank over IT meltdown - survey
December 4, 2013 - A quarter of Brits would seriously consider switching their bank if it suffered a major technology failure, such as a problem with ATMs, according to a survey from Fujitsu published just two days after the RBS meltdown.
US police force pays out bitcoin ransom after falling to Cryptolocker
November 22, 2013 - A US police force has admitted to falling prey to the notorious bitcoin ransomware Cryptolocker, forking over around $750 in the virtual currency to crooks to get its files decrypted.
IT infrastructure top priority for financial markets in 2014 says Ovum survey
December 11, 2013 - The primary focus of technology investment for financial market participants next year will be on improving internal IT infrastructures to comply with new regulations, claims a new survey from the Ovum consultancy.
In wake of latest meltdown, RBS boss admits decades of IT neglect
December 3, 2013 - RBS chief Ross McEwan has admitted that the bank has failed to invest properly in its IT system for decades after customers were left unable to access their money or pay for goods on Cyber Monday.
ECB sets out draft mobile payments security recommendations
November 20, 2013 - The European Central Bank has set out draft recommendations on mobile payments security, covering everything from customer authentication to data protection.
JPMorgan Chase says 465,000 pre-paid cards compromised by hackers
December 5, 2013 - JPMorgan Chase says hackers have compromised its network, putting the personal information of around 465,000 pre-paid cardholders at risk.
Bank of England says banks under cyber-attack
November 29, 2013 - Several UK financial institutions have been hit in the last six months by cyber-attacks, some of which have disrupted services, according to the Bank of England.
Hackers steal credit card details of 376,000 Irish consumers
November 15, 2013 - Irish banks AIB and Permanent TSB say that they suspect that some of their customers have fallen victim to card fraud after a massive data breach at loyalty points outfit Loyaltybuild.
