More than 75 percent of bank websites have at least one design flaw that could lead to the theft of customer information, according to a recent University of Michigan study.

The number of profit warnings in the sector fell from 13 in the first quarter of this year, to nine in quarter two, according to research by Ernst and Young. This figure is also down on the previous year, which recorded 15 warnings in the sector for the same period.

Prevx, an internet security company headquartered in Derby has discovered a new trojan designed to steal information from large banking institutions. Jacques Erasmus, director of malware research, told SCMagazineUS.com on Friday that the Limbo 2 trojan might be the most sophisticated trojan yet released.

Institutions that process numeric data need to be more diligent to avoid financial loss, warn security experts.

Two private detectives have been fined by a London court after blagging information on the partner of a man wanted for a debt to their client

Citibank, one of the world's largest banks, has been hit by a chain of fraudulent cashpoint transactions, according to a US federal grand jury indictment; a Ukranian immigrant has now been charged

Merchant Securities is forced to cough up £77,000 for putting its customers at risk of identity fraud as part of a crackdown on lax security controls by the financial services watchdog

Amid fears of recession, infosec professionals are left fearing for their budget. But it may work to their advantage.

The bank which was hit by a £3.9bn trading fraud harbours widespread weaknesses in its systems and applications, according to an audit released on Friday

A security researcher on Saturday is set to unveil the first website-scanning script, a tool which allows attackers to gain control of infected users' web browsers and drastically reduce the time it takes to search the web for vulnerabilities.