The Western Union Company (NYSE: WU) today announced agreements with the U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) that resolve previously disclosed investigations focused primarily on the Company’s oversight of certain agents and whether its anti-fraud program, as well as its anti-money laundering controls, adequately prevented misconduct by those agents and third parties. The conduct at issue mainly occurred from 2004 to 2012.
The number of US data breaches tracked in 2016 hit an all-time record high of 1093, up 40% on the previous year, according to a new report from the Identity Theft Resource Center (ITRC) and CyberScout.
ACA Compliance Group (ACA), a global leader in providing compliance, cybersecurity, performance, and technology solutions to financial services firms, has acquired Telavance.
According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total spending on IT infrastructure products (server, enterprise storage, and Ethernet switches) for deployment in cloud environments will increase by 18.2% in 2017 to reach $44.2 billion. Of this amount, the majority (61.2%) will be done by public cloud datacenters, while off-premises private cloud environments will contribute 14.6% of spending. With increasing adoption of private and hybrid cloud strategies within corporate datacenters, spending on IT infrastructure for on-premises private cloud deployments will growth at 16.6%. In comparison, spending on traditional, non-cloud, IT infrastructure will decline by 3.3% in 2017 but will still account for the largest share (57.1%) of end user spending. (Note: All figures above exclude double counting between server and storage.)
Software AG (Frankfurt TecDAX: SOW) today shared its predictions for the Internet of Things (IoT) in 2017, derived from our expertise, customer insights, and market observations.
Oakhall, the London-based analysis firm, estimates that the cost of card fraud for the card industry increased 29% to $40.1bn in 2015 (2014: $31bn). This was primarily driven by the continuing rise in card use, a higher proportion of online shopping and the growing sophistication of fraud criminals. The study was published in conjunction with Featurespace, the global leader in machine learning adaptive behavioural analytics fraud prevention software. For the full study see the Cost of Card Fraud Report.
MetricStream, a market leader in Governance, Risk, and Compliance (GRC) apps and solutions, has been awarded "Industry Innovator of the Year" by SC Magazine in the category of Risk Management and Policy Management.
Neustar, Inc. (NYSE: NSR), a trusted, neutral provider of real-time information services, today announced the publication of “DDoS & Cyber Security Insights,” an in-depth research report that provides statistical analysis of the distributed denial of services (DDoS) attack and mitigation data collected through Neustar SiteProtect. The report examines the growth of DDoS attacks during 2016, providing specific insight into multiple attack vectors, such as DNSSEC amplification and Internet-of-things (IoT) botnets.
