Robinhood stored user passwords in plain text
High-flying stock trading fintech Robinhood has warned users to change their passwords after revealing that it stored the sensitive data in plain text, rather than an encrypted format, in its internal systems.
ISACA’s New Cybersecurity Resources Include Hands-on Training to Mitigate OWASP Top 10 Vulnerabilities
Schaumburg, IL, USA (16 July 2019) – The myriad of risks related to web applications can leave organizations feeling overwhelmed. However, with the Open Web Application Security Project (OWASP) Top 10 list of application security risks, organizations have been able to narrow their focus and dedicate resources to the most pressing vulnerabilities.
British Airways faces £183m fine over data breach
British Airways faces a record £183.39 million fine for a data breach last year that compromised the personal information - including payment card details - of hundreds of thousands of people.
The Information Commissioner's Office (ICO) says it intends to fine BA for infringements of the General Data Protection Regulation (GDPR), criticising the firm for "poor security arrangements".
Wells Fargo's Irish arm fined for regulatory breaches
The Irish central bank has issued a record fine to Wells Fargo for reporting failures by its Irish subsidiary, citing the bank's weak IT systems.
Huge jump in in cyber incidents reported by financial services firms
New data obtained by accountancy firm RSM under a freedom of information request has revealed that financial services firms reported 819 cyber incidents to the Financial Conduct Authority in 2018, a huge rise on the 69 incidents reported in 2017.
Data breach impacts 2.9 million Desjardins' customers
Canadian financial services co-operative Desjardins has confirmed that a rogue employee stole and disseminated the personal information of more than 2.9 million members.
Desjardins was only made aware of the breach when it was contacted by the police in June.
IOSCO calls for adherence to cyber risk standards
The Board of the International Organization of Securities Commissions (IOSCO) today issued a final report that provides an overview of three internationally recognized cyber standards and frameworks used by IOSCO members.
Regulatory bodies from the UK and Singapore to collaborate on cyber security
The Monetary Authority of Singapore (MAS), Bank of England and the Financial Conduct Authority announced today that they would be working together to strengthen cyber security in their financial sectors.
