September 21, 2012 - Knight Capital Group is looking for a new chief technology officer and operational and technology risk manager in a management shake-up at the firm which sustained $440 million in losses following a rogue trading software update.
September 19, 2012 - Financial Tracking Technologies LLC released the results of its annual Costs of Compliance and Risk Benchmarking Study 2012. Key facts of the study showed that, even though highly affordable automated solutions exist, over 80% of risk and compliance tasks are still being performed manually and costs of risk and compliance are going up at 40% of participants.
September 19, 2012 - A spate of attacks on US financial institutions has seen criminals obtaining bank employee login details through phishing and keylogging and using the information to wire themselves hundreds of thousands of dollars, the FBI is warning.
September 19, 2012 - Financial Tracking Technologies LLC released the results of its annual Costs of Compliance and Risk Benchmarking Study 2012. Key facts of the study showed that, even though highly affordable automated solutions exist, over 80% of risk and compliance tasks are still being performed manually and costs of risk and compliance are going up at 40% of participants.
September 18, 2012 - Threats to the security of mobile devices and the information they store and process have been increasing significantly. For example, the number of variants of malicious software, known as "malware," aimed at mobile devices has reportedly risen from about 14,000 to 40,000 or about 185 percent in less than a year.
September 13, 2012 - Following the recent high profile cases of senior fraud and online security managers being caught up with fraudulent activity, UKFraud’s Special Interest Group (SIG) for Corporate Fraud Prevention has drawn up a new set of benchmarks which will help organisations identify the signs that something is awry. The SIG also outlines the most effective strategies for countering these risks.
September 13, 2012 - Following the recent high profile cases of senior fraud and online security managers being caught up with fraudulent activity, UKFraud’s Special Interest Group (SIG) for Corporate Fraud Prevention has drawn up a new set of benchmarks which will help organisations identify the signs that something is awry. The SIG also outlines the most effective strategies for countering these risks.
September 4, 2012 - Major UK banks have been urged to make sure they put strong measures in place to prevent any software glitches occurring in their company.
