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US regulators have set out plans to strengthen the way they oversee big banks in a bid to protect the country's financial system in the event of a major cyberattack or technology failure.

Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, today announced the results of an extensive Tripwire study conducted by Dimensional Research. The study was carried out in August and evaluated key challenges that organizations must address in order to optimize their cyber security and compliance programs. Study respondents included over 500 IT security professionals.

Wells Fargo has failed to convince a judge to dismiss a lawsuit brought against it by an Ecuadorian bank in connection with a $12 million theft made over the Swift network.

Businesses in the UK could face up to £122 billion in regulatory penalties for cybersecurity breaches when new EU legislation comes into effect in 2018, says the PCI Security Standards Council (PCI SSC).

Crooks have injected malicious code into 5925 online stores, enabling them to steal payment card details, according to a Dutch developer.

Research has revealed that more than two-thirds of data management leaders say they have an effective data strategy and an effective approach to data cleansing and analytics, compared to around 10 per cent of laggards. However, there are as many laggards as leaders across most industries, revealing how many companies are falling short in data management. With research from CEBR[i] showing that the value to the UK economy of big data analytics and the Internet of Things combined could accumulate to £322 billion between 2015 and 2020, organisations are urgently seeking ways to overcome growing volumes and varieties of data to exploit its full potential.

Financial fraud in the first half of 2016 increased by a quarter to £399.5 million, enabled by scams and online attacks, new figures published today by Financial Fraud Action UK (FFA UK) show.

Today, the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System welcomed publication of the Group of 7 (G-7) Fundamental Elements of Cybersecurity for the Financial Sector.

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