Information Security

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.

Neustar, Inc. (NYSE:NSR), a trusted, neutral provider of real-time information services, today published its “October 2016 Worldwide DDoS Attacks & Protection Report: A Steady Threat in the Connected World,” a research report focused on DDoS attack and protection trends. The report highlights that DDoS attack volume has remained consistently high and these attacks cause real damage to organizations. The global response also affirms the prevalent use of DDoS attacks to distract as “smokescreens” in concert with other malicious activities that result in additional compromise, such as viruses and ransomware.

New York Governor Andrew Cuomo has set out a host of new cybersecurity regulations for banks and insurance companies in a bid to protect consumer data and financial systems from crooks and terrorists.

The price of bitcoin has tumbled as one of the world's largest exchanges suspends trading after losing $65 million worth of the cryptocurrency in a massive security breach.

Employees and IT professionals in German organizations are more confident about their ability to resist the growing risks of cyberattacks and insider threats than their counterparts in the US, UK and France. Those are among the findings from a new study of more than 3,000 end-user employees and IT practitioners across the U.S. and Europe.

Interbank co-operative Swift is facing an uphill battle to convince its membership of the urgency of upgrading security after revealing a further spate of hacks against users of the financial messaging network.

IT spending by banking and securities firms in the mature Asia/Pacific region will reach $22 billion dollars in 2016, a 0.47 percent increase from 2015, according to Gartner.

Andrew Tryie, the chair of the UK government's influential Treasury Select Committee has called on banking industry regulators to develop action plans and policies to protect consumer interests in light of the increasing use of biometric technology to access accounts.

Police have arrested a Sage employee in connection with a data breach at the accounting and payroll software provider that may have compromised the bank account details of employees at 230 UK companies.

Against the backdrop of a rising number of sophisticated cyber-attacks on the financial services sector, new guidance on how financial market infrastructures (FMIs) should protect themselves has been put out by a couple of global bodies.

A groundbreaking partnership between DCMS, GCHQ and the nation’s top tech start-ups to develop new technologies aimed at protecting the UK from cyber attacks has been announced.

Tripwire, Inc., a leading global provider of endpoint detection and response, security and compliance solutions, today announced the results of a survey of over 220 information security professionals who attended Black Hat USA 2016. The conference took place July 30-August 4, 2016, at the Mandalay Bay Convention Center in Las Vegas, Nevada.

The records of 2.2 million individuals and organisations suspected of being involved in terrorist activity or financial crime have been leaked on the public Internet.

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