Information Security
FBI warns banks of 9/11 cyber-attack threat
September 11, 2013 - US banks could face a wave of distributed-denial-of-service (DDoS) hits today to mark the anniversary of the 11 September 2001 terrorist attacks, warns the FBI.
China extends probe into brokerage IT after Everbright reports $85.5 million loss due to glitch
September 9, 2013 - China Everbright Securities lost $85.5 million due to a technical glitch in its order management system which flooded the market with erroneous buy orders and seriously disrupted trading in China last month.
Citi blames tech for failure to redact personal data from 150k bankruptcy filings
July 18, 2013 - A software glitch saw US bank Citi fail to redact the personal information of nearly 150,000 people in bankruptcy filings, according to court documents unsealed this week.
US banks team up to improve digital payments safety
July 2, 2013 - The Clearing House (TCH) is working with America's biggest banks on an industry-wide "dynamic credentialing" system that will improve the safety of digital payments.
Bloomberg told to improve security in client data privacy probe
August 23, 2013 - Bloomberg has said it will create and enforce stronger barriers between its news services and financial data units to stop reporters accessing client information.
Wall Street business continuity testing against cyber threat underway
July 18, 2013 - Wall Street banks and financial institutions (FIs) are testing their business continuity planning (BCP) systems and procedures today against a cyber-attack scenario.
Security Appliance Market Growth Slows in First Quarter, According to IDC
June 24, 2013 - According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, factory revenue rose in the first quarter of 2013 (1Q13) compared to Q1 2012, while unit shipments declined over the same period.
Nasdaq and major banks the victims as five indicted for largest known cyber breach
July 26, 2013 - US lawmakers have charged five men with conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole more than 160 million credit card numbers and resulted in hundreds of millions of dollars in losses.
Exchange data highlights systemic threat from cyber attacks
July 16, 2013 - Just over half of the world's securities markets have fought off intrusions by cyber-attackers over the past year, according to figures released by the International Organisation of Securities Exchanges (IOSCO) and the World Federation of Exchanges (WFE).
New COBIT 5 Guide Identifies Top Three Cybersecurity Game Changers
June 19, 2013 - Cybercrime is on the rise, but will grow even faster if organizations ignore an emerging group of cybersecurity game changers: always-on connectivity, an increasingly IT-centric society, and a new class system that separates people by technology skills.
Sifma calls for government action after Quantum Dawn cyber security drill
July 19, 2013 - SIFMA today released the following statement from Karl Schimmeck, vice president, financial services operations, upon completion of the Quantum Dawn 2 cybersecurity exercise.
European data privacy watchdog queries anti-money laundering rules
July 5, 2013 - The Commission proposals on money transfers, prevention of money laundering and terrorist financing need to do more than make mere references to data protection, said the European Data Protection Supervisor (EDPS) today.
Full extent of FIS data breach comes to light
June 4, 2013 - A 2011 cyber attack on FIS was far more serious than initially reported, according to a Federal Deposit Insurance Corp (FDIC) investigation which also raises questions about the vendor's security practices.
