1 in 4 European merchants in the retail, travel and hospitality, and digital goods sector (26 percent) has experienced data theft and the majority (61 percent) believe they are at greater risk of a data security breach today than they were a year ago, according to new benchmark data from the 2018 Global Payments Insight Survey: Merchants published by ACI Worldwide (NASDAQ: ACIW) and Ovum.
A much anticipated report from the US Treasury on regulatory reforms for the fintech sector is set to recommend the use of regulatory sandboxes and fintech charters at both a state and federal level.
The European Banking Authority (EBA) published today an Opinion on the implementation of the regulatory technical standards (RTS) on strong customer authentication (SCA) and common and secure communication (CSC), which will apply from 14 September 2019. In the Opinion, the EBA clarifies a number of issues identified by market participants and Competent Authorities (CAs) to assist in this implementation.
F-Secure has on 18 June 2018 signed an agreement to acquire all the outstanding shares of MWR InfoSecurity, a privately held cyber security company operating globally from its main offices in the UK, the US, South Africa and Singapore. The acquisition is a significant milestone in the execution of F-Secure’s growth strategy, and makes it the largest European single source of cyber security services and detection and response solutions.
In the wake of the recent TSB outage, the Bank of England is planning to set a "minimum level of service" provision for banks hit by tech meltdowns or cyberattacks.
Citing the TSB outage and the 2012 RBS fiasco, Lyndon Nelson, deputy chief executive of the BOE’s Prudential Regulation Authority told a conference that a growing reliance on technology means that there has been an "increase in the number of operational incidents - be they caused by internal failures or from external attack".
UK consumer electronics retail group Dixons Carphone has suffered a massive data breach, compromising 5.9 million customer cards and 1.2 million personal data records.
The firm says that it has discovered an attempt to compromise the cards in one of the processing systems of Currys PC World and Dixons Travel stores.
Central banks and regulators are to share information and intelligence on emerging cyber-threats through a new forum established under the aegis of the Financial Services Information Sharing and Analysis Center (FS-ISAC).
NAB and Commonwealth Bank of Australia have pulled their careers pages after reports of a malware infection and data breach at external technology supplier, PageUp People.