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.

IT spending by banking and securities firms in the mature Asia/Pacific region will reach $19.1 billion dollars in 2017, an increase of 4.7 percent from 2016, according to Gartner, Inc.

Denmark's Nets has warned local banks and international card schemes of a data breach which may have compromised up to 100,000 credit cards.

UK consumer group Which? has slammed the country's high street banks for failing to adequately protect customers from online scams.

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.

US regulators have set out plans to strengthen the way they oversee big banks in a bid to protect the country's financial system in the event of a major cyberattack or technology failure.

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.