Information Security
Bitcoin tumbles as hackers steal $65 million from Hong Kong exchange
The price of bitcoin has tumbled as one of the world's largest exchanges suspends trading after losing $65 million worth of the cryptocurrency in a massive security breach.
Bank IT spending in mature Asian markets to hit $22 billion
IT spending by banking and securities firms in the mature Asia/Pacific region will reach $22 billion dollars in 2016, a 0.47 percent increase from 2015, according to Gartner.
Swift calls in outside help to shore up cyber defences
Interbank messaging network Swift has engaged cyber-security specialists BAE Systems and Fox-IT and created a dedicated 'Forensics and Customer Security. Intelligence Team' to help shore up its defences in the wake of a string of high-profile attacks at multiple bank sites.
Russian banks lose $25.7 million to network worm
March 18, 2016 - Russian banks have lost $25.7 million in the past six months to a new form of malware that infects IT networks and can only be eradicated by a complete infrastructure shut-down.
CPMI-Iosco release guidance on cyber resilience for financial market infrastructures
Against the backdrop of a rising number of sophisticated cyber-attacks on the financial services sector, new guidance on how financial market infrastructures (FMIs) should protect themselves has been put out by a couple of global bodies.
US charges Iran-government linked hackers with cyber-attacks on US banks
March 24, 2016 - The US Justice Department has indicted seven Iranians connected to the country's government with cyber-attacks on a host of major banks.
Financial services staff spend 39% of their time working remotely
March 14, 2016 - Flexible working is on the way to becoming the norm in financial services with the average employee spending 39% of their time working remotely, according to new research from communication and information technology specialist Intercity Technology.
WorldCheck crime data leaked on Net
The records of 2.2 million individuals and organisations suspected of being involved in terrorist activity or financial crime have been leaked on the public Internet.
Tripwire RSA Survey: Only 38 Percent of Security Professionals Confident in Ransomware Recovery
March 24, 2016 - Tripwire, Inc., a leading global provider of endpoint protection and response, security and compliance solutions, today announced the results of a survey of 200 security professionals attending the RSA Conference 2016between February 29-March 4, 2016.
Cyber security low priority for many small businesses
March 11, 2016 - As new figures reveal less than a quarter of small businesses cite cyber security as a top concern, despite its vital importance to consumers and within the supply chain. A FinTech expert warns businesses to plan ahead.
Care providers must embrace technology to secure their long-term future
In an era of major regulatory reform, reduced budgets and greater scrutiny, care providers should turn to integrated technology to not only protect themselves but grow and flourish in the face of such demands. This is the finding of a new white paper from Advanced, exploring how growing pressures in the sector can be relieved.
National Cyber Security Centre to work with Bank of England
March 23, 2016 - The Minister for the Cabinet Office and Paymaster General, Matt Hancock, has confirmed today that the UK's new national cyber centre, announced by the Chancellor in November, will be called the National Cyber Security Centre (NCSC).
The digital revolution moves from existential threat to potential survival strategy for world’s retail banks
March 19, 2016 - These are just two of a number of predictions made by senior retail banking executives around the world who were surveyed for Retail Banking: In tech we trust, a new report from the Economist Intelligence Unit, sponsored by Temenos.
