The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.
A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.
Source: Information Commissioner’s Office
The Information Commissioner’s Office (ICO) issued Equifax Ltd with a £500,000 fine for failing to protect the personal information of up to 15 million UK citizens during a cyber attack in 2017.
Security problems in the cryptocurrency market continue to mount after a Japanese digital currency exchange, Zaif, lost $60m to hackers.
Despite heightened interest in enterprise deployment of artificial intelligence, only 40 percent of respondents to ISACA’s second annual Digital Transformation Barometer express confidence that their organizations can accurately assess the security of systems based on AI and machine learning.
RiskIQ, the global leader in digital risk management, today revealed that its researchers traced the breach of 380,000 sets of payment information belonging to customers of British Airways to Magecart, the credit-card skimming group made infamous for its July breach of Ticketmaster.
FCA chair Charles Randall has warned that the UK will be unable to manage the risks of financial crime under a no-deal Brexit, emphasising the critical role played by cross-border data sharing agreements with EU member states.
The Russian hacker behind the largest theft of customer data from a US financial institution in history has been extradited to the US to face multiple charges of computer fraud.
