Finance

RSA: Cybercriminals keeping up with banking safeguards

Dan Kaplan April 22, 2009

Threats are becoming more sophisticated, and cybercriminals are getting smarter at evading new authentication controls, according to an RSA Conference panel of security practitioners representing three major financial institutions.
 

Visa confirms another payment processor breach

Dan Kaplan February 24, 2009

Another payment processor has fallen victim to hackers, Visa confirmed on Monday.
 

Study: Security flaws threaten online banking

Sue Marquette Poremba July 29, 2008

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.
 

Profit warnings in software and computer services fall

Carolyn Hunter July 22, 2008

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.
 

Is Limbo 2 the ultimate trojan?

Sue Marquette Poremba July 21, 2008

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.
 

Financial data 'needs better protection'

Joy Persaud July 17, 2008

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

Private investigators fined by magistrates after conning BT for information

Richard Thurston June 23, 2008

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
 

ATM hackers net millions using stolen information

Chuck Miller June 20, 2008

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
 

Weak security controls to blame as finance firm is hit by FSA fine

Richard Thurston June 19, 2008

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
 

Financial: Lean times

Jessica Twentyman June 03, 2008

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

Auditors unearth weak IT security at SocGen

Richard Thurston May 27, 2008

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
 

SPI Dynamics creates script-based, self-propagating website vulnerability scanner

Dan Kaplan March 22, 2007

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.
 

Feds get low information security grades from CSIA

Frank Washkuch Jr. February 01, 2007

Despite some steps to improve the national information security infrastructure, the federal government earned low grades in the subject from one advocacy group.
 

TJX faces lawsuits; congressman wants FTC investigation into hacking, data loss

Frank Washkuch Jr. January 31, 2007

TJX Companies, the parent firm of retailers T.J. Maxx and Marshalls, was hit with a flurry of lawsuits this week resulting from hackers breaching company servers.
 

Data security firms start Payment Card Industry Vendor Alliance

Ericka Chickowski January 31, 2007

A handful of data security companies announced they're forming a new alliance to advocate for firms who must comply with the payment card industry data security standards (PCI DSS).
 

Hacked personal information from Marshalls, T.J. Maxx parent company used in fraudulent purchases

Frank Washkuch Jr. January 25, 2007

Personal information stolen from the databases of TJX Companies has been used in fraudulent credit card purchases in the United States and abroad, according to one banking organization.
 

Keyloggers steal $35,000 from users of federal employee savings program

Frank Washkuch Jr. January 22, 2007

The users of a retirement savings and investment plan for federal employees were targeted by keyloggers last month, with cybercriminals making off with about $35,000 from user accounts.
 

Network of T.J. Maxx, Marshalls parent company hacked, unknown amount of customer credit card information stolen

Dan Kaplan January 18, 2007

A major clothing retailer announced Wednesday that hackers accessed its network and stole an unknown amount of credit card information.
 

Hackers attack MoneyGram International server, breach personal info of 80,000 customers

Dan Kaplan January 16, 2007

A MoneyGram International server has been breached, allowing cybercrooks access to the personal information of nearly 80,000 people.
 

PayPal, Barclays are phishers' favorites, according to PhishTank

Frank Washkuch Jr. January 08, 2007

PayPal, Barclays Bank and eBay were the three firms most targeted by phishers last month, according to statistics compiled by PhishTank users.
 

Man-in-the-middle phishing scheme targets Amazon.com

Dan Kaplan January 03, 2007

Amazon.com is the latest target of a new wave of phishing schemes known as man-in-the-middle attacks.
 

SEC charges Russian man for 'pump-and-dump' hackings

Frank Washkuch Jr. December 28, 2006

The Securities and Exchange Commission (SEC) has frozen the U.S. assets of a Russian businessman accused of hacking into stockholders' online accounts as part of a "pump-and-dump" scheme.
 

NASD accuses Morgan Stanley of lying about losing emails

Dan Kaplan December 21, 2006

The National Association of Securities Dealers (NASD) has accused investment house Morgan Stanley of lying that millions of emails it possessed were lost in the terrorist attacks on the World Trade Center.
 

Former UBS system administrator gets eight years for logic bomb

Ericka Chickowski December 18, 2006

A former systems administrator for UBS PaineWebber was sentenced to over eight years in jail and fined $3.1 million last week after he was found guilty for leaving a logic bomb on UBS' systems and trading securities on the assumption that the company's stock would fall.
 

SEC votes for simplified Sarbanes-Oxley

Ericka Chickowski December 13, 2006

The Securities and Exchange Commission (SEC) voted today to simplify the auditing process for Section 404 requirements of the Sarbanes-Oxley Act of 2002.
 

Phishing scams using FFIEC deadline to dupe financial customers

Frank Washkuch Jr. November 28, 2006

CSOs and governance officers aren't the only ones studying up on compliance regulations. Phishers are also getting governance-savvy, sending bogus emails that pretend to bring customers in line with new guidelines for financial organizations.
 

Former cyberintelligence chief named NetWitness CEO

Frank Washkuch Jr. November 20, 2006

The nation's former head of cyberintelligence has been named CEO of NetWitness, a network content analysis provider.
 

Sourcefire going public

Dan Kaplan October 27, 2006

Sourcefire, maker of the popular open-source Snort intrusion prevention technology, has filed for an initial public offering (IPO) to raise up to $75 million in stock, six months after plans to be acquired by Check Point fizzled out amid a federal investigation.
 

From InfoSecurity NY: Physical, IT security coming together

Dan Kaplan October 25, 2006

The convergence of physical and IT security within organizations soon will become the norm - not the exception - but key challenges await those businesses and government agencies adopting the new business model, a panel of experts said today at InfoSecurity NY.
 

From InfoSecurity NY: Cost of data breaches up nearly a third in past year, study says

Dan Kaplan October 25, 2006

The cost of data breaches has risen 30 percent over the past year, according to a new Ponemon Institute study released Monday at InfoSecurity NY.
 

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