IT Risk & Security

“Get to grips with IT risk” say Irish, German central banks

Senior officials from both Central Bank of Ireland and the Deutsche Bundesbank have warned bank management teams that they must work harder to ensure they have the right culture in place to tackle IT risks. “We believe that there is significant weakness in this area and will be seeking change,” said Gerry Cross, the Irish central bank’s »

EU directive will force major financial firms to disclose cyber attacks

EU-commission

Among Europe’s largest banks, the long-established practice has been to keep breaches of cyber-security quiet – or as quiet as possible.  But a major change is in the pipeline:  European-wide legislation that will force firms to report cyber attacks to national incident teams. The European Commission has drafted a European Network and Infrastructure directive, which is now waiting »

SEC’s audit trail repository ready for comment

It has been described as “the largest financial IT project of all time”. So perhaps it is not surprising that it has taken more than five years to narrow down the list of bidders who want to build the Consolidated Audit Trail (CAT) — the giant data repository for stock orders and quotes on US »

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