Carbanak and Beyond: Banks Face New Attacks
February 9, 2016 - A year after Kaspersky Lab warned that cyber-criminals would start to adopt the tools and tactics of nation-state backed APTs in order to rob banks, the company has confirmed the return of Carbanak as Carbanak 2.0 and uncovered two more groups working in the same style: Metel and GCMAN. They attack financial organizations using covert APT-style reconnaissance and customized malware along with legitimate software and new, innovative schemes to cash out.
Gyft reports security breach
February 8, 2016 - In an ongoing effort to protect the accounts and account information of its users, Gyft is notifying users who may have been affected by a security incident.
FCA publishes accountability rules for alorithmic and high-frequency traders
February 8, 2016 - The Financial Conduct Authority (FCA) has today published the final rules confirming their approach to improving individual accountability for those carrying out wholesale activities, such as algorithmic and high-frequency trading, in banks, building societies, and Prudential Regulation Authority (PRA) designated investment firms.
Capital Markets 2016: Data, Disruption and Regulation
February 4, 2016 - Software AG (Frankfurt TecDAX: SOW) today shared its predictions for capital markets in 2016, derived from its expertise, market observations and interactions with its customers.
US sees repercussions from EMV as criminals switch tactics
February 2, 2016 - Incidents of new account fraud in the US doubled last year, as criminals switched tactics in response to the introduction of EMV chip cards.
SEC reaches dark pool settlements with Barclays and Credit Suisse
February 1, 2016 - The Securities and Exchange Commission yesterday announced that Barclays Capital Inc. and Credit Suisse Securities (USA) LLC have agreed to settle separate cases finding that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse's Light Pool.
Big data and IoT to add £322 billion to UK economy by 2020
February 29, 2016 - Big data analytics and the Internet of Things (IoT) are expected to add £322 billion to the UK economy from 2015 to 2020. This is twice the size of the combined education, NHS and defence budgets for 2014-15, and more than one-fifth (22 per cent) of the UK's net public debt (circa. £1.5 trillion in 2014-15). This equates to an average of £54 billion per year, or 2.7 per cent of the annual GDP over the next five years.
HSBC remains offline following cyber attack
January 29, 2016 - HSBC customers remain locked out of internet banking into the afternoon after the bank was subject to a denial of service attack on Friday morning.
