Huge jump in in cyber incidents reported by financial services firms
New data obtained by accountancy firm RSM under a freedom of information request has revealed that financial services firms reported 819 cyber incidents to the Financial Conduct Authority in 2018, a huge rise on the 69 incidents reported in 2017.
Data breach impacts 2.9 million Desjardins' customers
Canadian financial services co-operative Desjardins has confirmed that a rogue employee stole and disseminated the personal information of more than 2.9 million members.
Desjardins was only made aware of the breach when it was contacted by the police in June.
IOSCO calls for adherence to cyber risk standards
The Board of the International Organization of Securities Commissions (IOSCO) today issued a final report that provides an overview of three internationally recognized cyber standards and frameworks used by IOSCO members.
Regulatory bodies from the UK and Singapore to collaborate on cyber security
The Monetary Authority of Singapore (MAS), Bank of England and the Financial Conduct Authority announced today that they would be working together to strengthen cyber security in their financial sectors.
Entrust Datacard completes nCipher Security acquisition
Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, completed its previously-announced acquisition of nCipher Security, formerly Thales's market-leading general purpose hardware security module (HSM) business.
New Study Reveals Cybercrime May Be Widely Underreported—Even When Laws Mandate Disclosure
Schaumburg, IL—While attack vectors remain largely the same year over year, attack volume will increase and cybercrime may be vastly underreported, according to the 2019 State of Cybersecurity Study from global IT and cybersecurity association ISACA.
Finance CISOs to ask for bigger cybersecurity budgets
Nearly three quarters of chief information and security officers at financial institutions plan to ask their firms for an increase in cybersecurity investments in the next year, according to a survey. Of 301 CISOs quizzed by the Financial Services Information Sharing and Analysis Center (FS-ISAC), more than half say that 10% or less of their organisation's overall budget is dedicated to cyber security and 73% are looking for a bump.
BBVA trains employees and their families on cybersecurity risks
BBVA held its first Family Cybersecurity Day, an initiative aimed at raising awareness and educating employees and their families about the potential risks derived from the online activities and certain digital habits that are already a part of our daily lives.
