UK firms’ cyber security spending reaches £3bn in UK, report shows
December 6, 2011 - UK firms are expected to have invested up to £3 billion in IT security by the end of the year, new research has shown. A study by PricewaterhouseCoopers (PwC) revealed that the global investment in cyber security is expected to increase by ten per cent every year over the next three to five years.
Social media reputation damage high on risk managers’ list of concerns
October 25, 2011 - Social media and the potential they pose to reputation risk and protection of confidential information are significant risks to European businesses, according to a survey by the Federation of European Risk Management Associations in cooperation with the Institute of Risk Management (IRM).
Phone hacking is biggest security concern surrounding mobile wallet, study says
October 17, 2011 - Consumer security concerns surrounding the 'mobile wallet' are dominated by phone hacking, a new survey has revealed. A study by Intersperience showed that 17 per cent of consumers want to use their phone as a 'wallet'- nearly half of the participants in the research said that the lack of security software was their chief concern. Almost a quarter of respondents said they fear that their mobile device is more likely to be stolen than their wallet.
GAO: Opportunities Exist to Improve Role in Information Technology Management
October 17, 2011 - The federal government invests billions in information technology (IT) each year to help agencies accomplish their missions. Federal law, particularly the Clinger-Cohen Act of 1996, has defined the role of Chief Information Officer (CIO) as the focal point for IT management within agencies.
U.S. SEC issues guidance on cyber security disclosures
October 14, 2011 - A rash of cyber security breaches at U.S. public companies and an outcry from federal lawmakers has prompted U.S. securities regulators to issue guidance for when companies must disclose cyber attacks to investors.
Over 100 indicted in huge New York ID theft ring takedown
October 10, 2011 - New York authorities have indicted 111 people - including bank tellers - accused of participating in an identity theft scam that saw counterfeit credit cards used to steal more than $13 million.
