Genpact error exposes personal information of 20,000 Scottrade customers
American online brokerage Scottrade says a mistake by third party vendor Genpact resulted in the sensitive information of around 20,000 customers being left exposed.
BPO outfit Genpact uploaded a dataset containing commercial loan application information from a B2B unit within Scottrade Bank to one of its cloud servers that did not have all the security protocols in place.
UK financial fraud data for 2016 published
Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show.
UK FS firms see fight against cybercrime as major challenge
British financial services firms expect to increase IT spending at a healthy rate in the near future, according to a CBI/PwC survey which also shows that combatting cybercrime is a growing imperative for the industry. After a tough, Brexit-tinged 2016, the survey of 98 firms shows that sentiment in the financial services sector has stabilised in the first quarter of 2017.
Banks embrace the cloud
Overcoming security concerns, the majority of financial services firms in the US and Asia Pacific have embraced cloud technology, won over by the potential for massive cost savings, according to research from IDC Financial Insights.
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Tripwire RSA Conference Survey: Only 17 Percent of Security Professionals Confident in US Government’s Cybersecurity Posture
Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, today announced the results of a survey of more than 200 security professionals attending RSA Conference 2017. Conducted at Tripwire’s booth, the survey gauged respondents’ concerns for their own organizations and found there are rising concerns for cybersecurity in general.
Cyber security threat should fall to the shoulders of the Chief Technology Officer
Pressure is mounting on Chief Technology Officers (CTOs) to step up to the plate and protect British businesses from damaging cyber attacks. This is according to the CTO of Advanced, which has published a new white paper on the need for CTOs to act as the new lynchpin for connecting the entire organisation and ensuring cyber security becomes a board level priority.
Kaspersky records uptick in financial phishing and banking malware
2016 saw a big increase in financial phishing and banking malware, with crooks particularly targeting Android users, according to cybersecurity specialist Kaspersky Lab.
