The Internet Society has released the findings of its 2016 Global Internet Report in which 40% of users admit they would not do business with a company which had suffered a data breach.
At the FCA’s Fighting Financial Crime conference in London on 10th November, Chief Executive Andrew Bailey highlighted the role of regulation in the battle against financial crime. Ray Pompon, Head of Information Security, North America and Asia, at Linedata, offers his thoughts:
Bank of England officials will be sitting on the sidelines as 42 of the UK's most talented amateur cyber security enthusiasts lead the defence against a simulated computer attack on a fictional energy company.
India's top banks are asking customers to change PIN codes and recalling millions of debit cards following reports of a malware-based security breach at a number of unspecified ATMs across the country.
State Bank of India, HDFC Bank, ICICI Bank, Yes Bank and Axis Bank have all issued advisories concerning the breach, which may impact up to 3.2 million debit cards. Earlier this week, State Bank of India blocked and recalled over 600,000 cards, while other banks have instructed some customers to alter their PINs and avoid using ATMs that are not on their network.
Kaspersky Lab today released a report, Business Perception of IT Security: In the Face of an Inevitable Compromise, revealing the current state of security threats among businesses and how their perception of threats compares to the reality of cybersecurity incidents experienced over the past year, both in North America and worldwide. A top concern of North American businesses and a leading cause of successful cyberattacks in these organizations are also the most important asset: their employees.
IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc.
Businesses in the UK could face up to £122 billion in regulatory penalties for cybersecurity breaches when new EU legislation comes into effect in 2018, says the PCI Security Standards Council (PCI SSC).
Online shoppers want retailers to be transparent and honest if they have suffered a security breach, according to a new UK consumer survey commissioned by NTT Security, the global information security and risk management company. The research, ahead of one of the busiest online shopping periods in the lead up to Black Friday and Cyber Monday and Christmas, also reveals that customers want to know if a site has been hacked or personal data compromised.
Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, today announced the results of an extensive Tripwire study conducted by Dimensional Research. The study was carried out in August and evaluated key challenges that organizations must address in order to optimize their cyber security and compliance programs. Study respondents included over 500 IT security professionals.
Today, the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System welcomed publication of the Group of 7 (G-7) Fundamental Elements of Cybersecurity for the Financial Sector.