July 14, 2014 - SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced the launch of its Legal Rule Set Service for fund managers – initially for Germany, Luxembourg and Switzerland.
July 11, 2014 - Authorities around the world, led by the UK's National Crime Agency (NCA), have banded together to tackle the Shylock banking malware.
July 14, 2014 - According to a paper published by Financial Risk Solutions (FRS), a provider of unit-pricing and investment administration software to the life insurance industry, Life Insurers need to spend more money on performance analytics to support the risk management function of their business and meet the oversight requirements of pending Solvency II.
July 10, 2014 - Security firm FireEye says it has discovered a botnet that is sniffing out point-of-sale systems and using brute force techniques to hack them and steal card data.
July 9, 2014 - Executives at Visa Europe are pondering an overhaul of card security standards as new technologies and consumer preferences for frictionless shopping create demands for a more flexible approach to protecting transactions.
July 9, 2014 - Bit9® + Carbon Black, the leader in endpoint threat prevention, detection and response, today announced the results of a cyber security study which show that only 12% of IT organisations in the UK are completely confident that their endpoints are compliant with PCI DSS V.3.0. This points to poor cyber-security safeguards for those systems that process credit card payments and handle customers’ personally identifiable information (PII).
July 9, 2014 - Increasing regulatory pressure requires banks to improve risk aggregation and reporting. Yet a majority struggle with data inconsistencies, says a recent Lepus Research and SAS survey. This technical hurdle was pinpointed by 81 percent of banks surveyed. More than half also face difficulties from separate risk systems and inflexible sources.
July 9, 2014 - An ISACA global study released today shows that one in 5 organizations (21 percent) have experienced an advanced persistent threat (APT) attack, and 66 percent believe it's only a matter of time before their enterprise is hit by an APT. Yet only 15 percent of enterprises believe they are very prepared for an APT attack. And among the companies that have been attacked, only one in three could determine the source.
