Information Security
Union First Market Bankshares to re-issue cards affected by retailer breaches
January 21, 2014 - Union First Market Bankshares Corporation ("Union") today announced that it will reissue credit and debit cards impacted by the data breaches at Target and Neiman Marcus.
Russian teen accused of writing Target malware
January 20, 2014 - The Target data breach which has left tens of millions of payment cards compromised was carried out using off-the-shelf malware authored by a 17 year old Russian, according to security firm IntelCrawler.
Target hackers used POS malware to steal card details
January 14, 2014 - Target has confirmed that crooks managed to steal the card details of tens of millions of customers by infecting its point-of-sale terminals with malware.
Credit Union lobby urges Congress to act on retailer data security failings
December 20, 2013 - In the wake of the massive data card breach at Target retail stores in the US, the National Association of Federal Credit Unions (Nafcu) has urged Congress to crack down on data security weaknesses in the merchant industry.
WEF calls for improved cyber security
January 20, 2014 - Failing to improve cyber security could cost the world economy and lead to more frequent cyberattacks, according to a new report released today by the World Economic Forum in collaboration with McKinsey & Company.
Bank apps riddled with security holes - researchers
January 13, 2014 - Many of the world's biggest banks have serious security flaws in their mobile apps which could leave customers - and the banks themselves - vulnerable to attackers, research from IOActive suggests.
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.
BAE Systems Awarded Prime Position on U.S. Department of Homeland Security IT Services Contract Vehicle
January 16, 2014 - The U.S. Department of Homeland Security (DHS) has awarded BAE Systems a prime position on the Enterprise Acquisition Gateway for Leading Edge Solutions II (EAGLE II) contract. BAE Systems is one of fifteen primes awarded under the unrestricted track of Functional Category 1 and may compete to provide systems, software, and other IT services and support.
UK banks a "long way" from improving antiquated IT systems - PRA director
January 9, 2014 - The UK banking sector is a "long way away" from addressing deficiencies in "antiquated" IT systems, a senior Bank of England official has told a parliamentary inquiry.
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.
Finance firms to increase tech spending in 2014
January 14, 2014 - The next 12 months will see financial firms increase their investment in technology to drive business growth and manage the market challenges that 2014 will throw at them.
Target payment data theft highlights poor US security measures
December 23, 2013 - The recent theft of payment data from customers of US retailer Target has highlighted the importance of security in this area once again and raised fears that the US is behind other nations of the world in its data protection and security countermeasures, particularly in regard to its slow adoption of Chip and PIN security technology.
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.
