cyber security

Cyber attacks sends online-security ETF surging as FireEye gains

Cyber attacks sends online-security ETF surging as FireEye gains

After a wave of global online attacks over the weekend, companies such as FireEye Inc. that provide software security services gained Monday on speculation the exposed weaknesses may trigger a surge in security spending. The $967 million PureFunds ISE Cyber Security ETF, or HACK, jumped the most in six months. The malware unleashed late last… »

PSD2 creates a cyber risk headache for banks

A report created by banking software specialist Temenos in cooperation with The Economist Intelligence Unit shows that banks are wary of the cyber risks associated with European Union’s Payments and Services Directive (PSD2). The directive, which will come into force in 2018, forces banks to open up their APIs to third parties so that information… »

“Mini-Robots” lead the way to non-functional testing at Tradition

“Mini-Robots” lead the way to non-functional testing at Tradition

Tradition is one of the world’s leading inter-dealer brokers, operating in the most complex financial markets, including interest rate and equity derivatives, FX and energy markets. While Tradition has built fully automated broking systems, such as its ParFX Platform, it also employs around 2,000 voice brokers in different locations around the world. So Tradition’s software… »

3i, Barclays and Worldpay praised in Deloitte report on cyber risk

Only 5% of FTSE boards appears to have a director with specialist expertise in cyber risk, despite the fact that 87% of FTSE companies’ annual reports pulled out one or more elements of cyber risk as principal risks in their disclosures, according a report published by consultants Deloitte. The findings, based on a study of… »

Singapore’s MAS to open cyber defense centre for finance

The Monetary Authority of Singapore (MAS) has announced it will establish an Asia Pacific Regional Intelligence Centre to encourage the sharing of cybersecurity information among financial firms in the region. MAS is partnering with FS-ISAC, a US-based industry body for cyber and physical threat intelligence analysis, on the project. The intelligence centre, which will be based… »

Cyber security firm to be publicly traded on AIM

Bradford-based ECSC Group, a cyber security services provider which includes Barclays among its customers, has announced that it will float on the London Stock Exchange’s Alternative Investment Market (AIM). Investors will be able to publicly trade shares of ECSC on December 14th. The float is expected to raise £5 million, according to the AIM site.… »

FCA says cyber attacks on the rise

UK Financial firms have been hit by cyber criminal 75 times this year, a marked increase from the five reports filed in 2014, said the FCA’s director of specialist supervision Nausicaa Delfas at a recent conference on cyber security. This might be partly attributable to greater transparency in the financial sector: “Whilst this significant increase… »

Exchange trade body publishes cyber resilience principles

The World Federation of Exchanges (WFE), an industry body that represents more than 200 exchanges and clearinghouses, has published a set of principles on cyber resilience. The WFE says these are intended to complement a paper released on June 29th by a joint Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities… »

Round-up: Regulatory and Company News

MAS opens fintech lab to foster innovation and help start-ups The Monetary Authority of Singapore (MAS) has announced that it will open a FinTech Innovation Lab inside the MAS building. The regulator said that the lab, called Looking Glass @ MAS after the novel by Lewis Caroll, will help the foster fintech solutions in cooperation… »

OCC warns of heightened operational risk threats

The US Office of the Comptroller of Currency (OCC) warns of continuing elevated operational risk in its Semiannual Risk Perspective. The US regulator put special emphasis on business e-mail compromise (BEC), a type of cyber attack which has resulted in: “More than $2.3 billion in losses across all businesses, from October 2013 through February 2016,… »

Page 1 of 212