Global Payments hit by 'massive' breach
March 30, 2012 - Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.
Cybercrime a growing risk for FS firms - PwC survey
March 27, 2012 - Cybercrime is a growing threat to financial services firms and is now the second most common type of economic crime the industry faces, according to a PricewaterhouseCoopers survey.
IT Spending in Insurance: A Global Perspective
March 21, 2012 - Global information technology spending by insurance companies is expected to reach US$140.6 billion in 2012, an increase of 6.3% over 2011. This figure is substantially higher than the 1.1% decline in growth experienced in 2011.
Isitc members to boost IT spending
March 12, 2012 - Financial industry association Isitc says that nearly two thirds of its members plan to increase their information technology spending over the next two years as regulatory compliance continues to dominate the agenda.
ISACA and SFIA Foundation Partner to Map CISA and CISM Certifications
March 8, 2012 - The Skills Framework for the Information Age (SFIA), a model for matching the skills of the IT workforce to the needs of the business, has recognized two ISACA certifications: Certified Information Systems Auditor (CISA) and Certified Information Security Manager (CISM).
GAO: Challenges in Securing the Modernized Electricity Grid
February 28, 2012 - The threats to systems supporting critical infrastructures are evolving and growing. In a February 2011 testimony, the Director of National Intelligence noted that there had been a dramatic increase in cyber activity targeting U.S. computers and systems in the previous year, including a more than tripling of the volume of malicious software since 2009. Varying types of threats from numerous sources can adversely affect computers, software, networks, organizations, entire industries, and the Internet itself.
Europe drags down bank IT spending
January 23, 2012 - Bank IT spending in North America, Europe and Asia Pacific will hit US$173.3 billion this year, a modest 2.8% rise on 2011, according to research house Celent. Asia Pacific will see by far the strongest growth, predicts Celent, with a six per cent rise in 2012 to $59.4 billion before reaching $62.3 billion in 2013.
IT Spending in Banking: A Global Perspective
January 19, 2012 - Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$173.3 billion in 2012. This spending level is approximately 2.8% higher than 2011. This is a discouraging but not surprising indicator that IT spending growth is slightly on the decline. In a new report, IT Spending in Banking: A Global Perspective, Celent analyzes IT spending trends across different regions: North America, Europe, and Asia-Pacific. The report compares and contrasts the direction of IT spending trends.
