China likely hacked computers at the Federal Deposit Insurance Corporation (FDIC) between 2010 and 2013 and the attacks were covered up by staffers at the regulator, according to a Congressional report.

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.

Cops in Europe and Malaysia have arrested 105 people accused of participation in a massive organised criminal enterprise that made counterfeit credit cards that were used to buy high-value goods worth millions of euros.

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.

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.

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.

Results of a new survey reveal that operational and technological change is high on the list of priorities for investment management firms. The report, which is being launched at the TSAM New York conference taking place today, reveals that over half (56%) of respondents expect their firm to replace at least part of their existing technology platform, while a quarter (27%) plan to outsource some areas of operation in the next 12 months in a bid to improve efficiency and focus on core operations.