Bank of England officials watch as cyber attack unfolds
Bank of England officials will be sitting on the sidelines as 42 of the UK's most talented amateur cyber security enthusiasts lead the defence against a simulated computer attack on a fictional energy company.
IT spending in Indian financial services to hit $7.8 billion in 2017 - Gartner
IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc.
Nets warns of card data breach
Denmark's Nets has warned local banks and international card schemes of a data breach which may have compromised up to 100,000 credit cards.
Tripwire Study: 75 Percent of Organizations Lack Skilled Cyber Security Experts
Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, today announced the results of an extensive Tripwire study conducted by Dimensional Research. The study was carried out in August and evaluated key challenges that organizations must address in order to optimize their cyber security and compliance programs. Study respondents included over 500 IT security professionals.
Indian banks hit by massive ATM breach
India's top banks are asking customers to change PIN codes and recalling millions of debit cards following reports of a malware-based security breach at a number of unspecified ATMs across the country.
State Bank of India, HDFC Bank, ICICI Bank, Yes Bank and Axis Bank have all issued advisories concerning the breach, which may impact up to 3.2 million debit cards. Earlier this week, State Bank of India blocked and recalled over 600,000 cards, while other banks have instructed some customers to alter their PINs and avoid using ATMs that are not on their network.
New EU rules could cost UK firms £122bn in cybersecurity fines - PCI SSC
Businesses in the UK could face up to £122 billion in regulatory penalties for cybersecurity breaches when new EU legislation comes into effect in 2018, says the PCI Security Standards Council (PCI SSC).
Hackers hit 6000 web stores to steal card data
Crooks have injected malicious code into 5925 online stores, enabling them to steal payment card details, according to a Dutch developer.
US Treasury and Fed wlecome G-7 agreement on cybersecurity fundamentals
Today, the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System welcomed publication of the Group of 7 (G-7) Fundamental Elements of Cybersecurity for the Financial Sector.
