Information Security
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.
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.
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.
Breaking into the Bank: A Groundbreaking New Book on Selling Technology to Banks
April 7, 2015 - John Mitchell, a very experienced buyer of financial technology, has been helping Fintech companies and their investors develop effective customer-centric strategies for selling to the toughest audiences – the financial institutions.
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.
Romanian police bust $15m cybergang
April 30, 2015 - Romanian police have arrested 25 people accused of being part of a cybergang that used cloned cards to steal more than $15 million in thousands of ATM withdrawals around the world.
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.
UK online banking fraud losses soar 48%
March 27, 2015 - Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.
