Retail and financial services groups form cybersecurity partnership
February 14, 2014 - In the wake of the Target data breach, a collection of merchant and financial trade associations have joined forces, promising to work to together to tackle cybersecurity threats. The two industries have long been at odds over who takes the blame and bears the costs associated with cyber attacks.
Credit unions estimate $30 million hit from Target breach
February 11, 2014 - The National Association of Federal Credit Unions' (Nafcu) estimates that the recent Target data breach could end up costing the credit union community nearly $30 million. Nafcu chief economist and director of research David Carrier says the average cost for the Target data breach among members was $45,000.
Global bank IT spending on the rise as European market recovers
February 11, 2014 - Total bank IT spending across North America, Europe, and Asia-Pacific will grow to $188 billion in 2014, an increase of approximately 4.4% over 2013, according to analyst house Celent.
Ponemon Institute Study Shows Increased Use of Encryption and Further Key Management Challenges
February 11, 2014 - Thales, leader in information systems and communications security, announces the publication of its latest 2013 Global Encryption Trends Study. The report, based on independent research by the Ponemon Institute and sponsored by Thales, reveals that use of encryption continues to grow in response to consumer concerns, privacy compliance regulations and on-going cyber-attacks and yet there are still major challenges in executing data encryption policy.
UK police using counter-terrorism measure to tackle cyber crime
February 10, 2014 - British banks have joined forces with the City of London Police to use terrorist-fighting techniques to take on cyber-fraudsters, preventing the theft of nearly £175 million over the last few months.
New tricks being used to deliver Zeus banking malware
February 3, 2014 - Well-known malicious software program Zeus, which has been used to steal information from a number of major banking institutions around the world, has been further developed by hackers.
Target attack occurred through stolen vendor credentials
January 31, 2014 - Major retailer Target has claimed the recent attack by cyber criminals on its payment terminals was possible after vendor credentials were stolen.
Retail banks to increase ICT spending - Kable
January 31, 2014 - According to a global survey from Kable, 42% of retail banks are set to increase their ICT spending to modernise and automate their business operations.
