GAO: EPA Needs to Resolve Information Security Weaknesses
August 20, 2012 - The GAO has found that although the Environmental Protection Agency (EPA) has taken steps to safeguard the information and systems that support its mission, security control weaknesses pervaded its systems and networks, thereby jeopardizing the agency's ability to sufficiently protect the confidentiality, integrity, and availability of its information and systems.
CBA reaps the benefits of $1.1 billion technology upgrade programme
August 15, 2012 - Commonwealth Bank of Australia says it is beginning to reap the rewards of its $1.1 billion core banking modernisation programme, with a measurable increase in productivity contributing towards a $7.1 billion profit for the year ending 30 June.
Former Lloyds online security head pleads guilty to £2.46m fraud
August 8, 2012 - Lloyds' former head of fraud and security for digital banking has pleaded guilty in connection with a £2.46 million fraud.
US small businesses ditch banks over online fraud
August 6, 2012 - Around three quarters of small and medium-sized businesses (SMBs) in the US have fallen victim to online banking fraud and many are ditching their provider as a result, according to research from Guardian Analytics and Ponemon Institute.
Illegal Web Trade in Personal Information Soars
July 17, 2012 - Experian CreditExpert's identity web monitoring service reveals more than 12 million pieces of personal information traded online globally between January and April 2012.
GAO: IT Challenges in Securing the Electricity Grid
July 17, 2012 - The threats to systems supporting critical infrastructures are evolving and growing. In testimony, the Director of National Intelligence noted a dramatic increase in cyber activity targeting U.S. computers and systems, including a more than tripling of the volume of malicious software.
US regulators warn on outsourced cloud risks
July 11, 2012 - US financial services regulators have warned banks that they need to put in more robust controls if they plan to use third party cloud services.
GAO: Progress Made in IT Reform but Future Cloud Computing Efforts Should be Better Planned
July 11, 2012 - The GAO found the selected federal agencies have made progress implementing the Office of Management and Budget's (OMB) "Cloud First" policy. Consistent with this policy, each of the seven agencies incorporated cloud computing requirements into their policies and processes. For example, one agency had incorporated a review of its information technology (IT) investment portfolio to identify candidates for a cloud solution into its IT plan.
