March 14, 2014 - Card companies MasterCard and Visa have announced the formation of a cross-industry effort to improve the safety and security of card payments. The firms have announced the partnership in a bid to ensure payment security meets the needs of financial institutions and retailers, who face cyber attacks that are growing in frequency and sophistication.
March 14, 2014 - Fraud losses on UK cards totalled £450.4 million in 2013, a 16% rise on the total in 2012 of £388.3 million.
March 14, 2014 - The Bank of Russia's Web site was taken down by hackers on Friday ahead of a meeting on interest rates.
March 13, 2014 - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the findings of its annual Cost of Compliance survey which revealed that 53 percent of compliance officers now feel that their personal liability has increased; a reflection of increased focus on senior individuals at the supranational level.
March 13, 2014 - The Financial Industry Regulatory Authority (FINRA) announced today that it has sanctioned and fined two firms - Triad Advisors and Securities America - $650,000 and $625,000, respectively, for failing to supervise the use of consolidated reporting systems resulting in statements with inaccurate valuations being sent to customers, and for failing to retain the consolidated reports in accordance with securities laws. In addition, Triad was ordered to pay $375,000 in restitution.
March 12, 2014 - IT GRC Forum Partner, Payments & Cards Network (PCN) is a leading recruitment and consulting firm focusing on the Payments market for the last 7 years.
March 12, 2014 - ISITC (The International Securities Association for Institutional Trade Communication), the industry trade group focused on standards in transaction processing and related communications, today announced the results of its annual member survey exploring the recent progress of the financial services industry and focuses for 2014.
March 11, 2014 - Swift chief executive Gottfried Leibbrandt has called on EU policymakers to steer clear of 'data protectionism' and work towards the creation of a standardised global framework for international cyber-security.
