Russia's central bank says that hackers stole more than two billion rubles (around $31 million) from correspondent accounts this year.

Swift's European operations forum in Berlin ended where it began, with a high-powered debate on the ability of the world's banks to combat an escalating cyber threat.

The Internet Society has released the findings of its 2016 Global Internet Report in which 40% of users admit they would not do business with a company which had suffered a data breach.

At the FCA’s Fighting Financial Crime conference in London on 10th November, Chief Executive Andrew Bailey highlighted the role of regulation in the battle against financial crime. Ray Pompon, Head of Information Security, North America and Asia, at Linedata, offers his thoughts:

Kaspersky Lab today released a report, Business Perception of IT Security: In the Face of an Inevitable Compromise, revealing the current state of security threats among businesses and how their perception of threats compares to the reality of cybersecurity incidents experienced over the past year, both in North America and worldwide. A top concern of North American businesses and a leading cause of successful cyberattacks in these organizations are also the most important asset: their employees.

Online shoppers want retailers to be transparent and honest if they have suffered a security breach, according to a new UK consumer survey commissioned by NTT Security, the global information security and risk management company. The research, ahead of one of the busiest online shopping periods in the lead up to Black Friday and Cyber Monday and Christmas, also reveals that customers want to know if a site has been hacked or personal data compromised.

Sberbank and Alfabank are among several Russian financial services firms to have been bombarded with DDoS attacks this week, according to internet security firm Kaspersky.