Source: Westpac

Westpac has today launched its free Cyber Response Playbook to help counter the increase in cyber attacks, as new research shows almost half (49 per cent) of Australian small and medium sized businesses have experienced a cyber attack in the last 12 months.

Cyber incidents reported to the UK's Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software.

JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.

Source: Nth Exception

Nth Exception announces availability of their ISO 20022 Migration Governance Tool on IBM zSystems, Red Hat OpenShift and IBM LinuxONE.

Hackers are demanding a $15 million payment for the return of 54 million customer records stolen form a server operated by credit bureau TransUnion in South Africa.

The Consumer Financial Protection Bureau (CFPB) has rolled out new regulations on cyber security and data privacy under the Fair Credit Reporting Act.

With the Ukraine crisis brewing, the European Central Bank is talking to financial institutions about a possible Russian-sponsored cyberattack, according to Reuters.

Morgan Stanley has agreed a $60 million class action settlement relating to legacy technology mishandling that led to two seperate data breaches in 2016 and 2019.

Bank of Ireland has been fined €463,000 by the Data Protection Commission for a series of data breaches affecting customer personal information.

The UK is consulting on new measures for greater resilience among British businesses’ cyber security. This move is part of a £2.6 billion National Cyber Strategy and comes after high profile cyber-attacks.

Crypto exchange Bitmart has become the latest DeFi firm to fall victim to a large-sacle security breach, losing an estimated $100 million and suspending all withdrawals.