cyber

Hackers breach 400,000 UniCredit bank accounts for data

The attack occurred in September and October of 2016 and June and July of this year, according to an emailed statement from the bank on Wednesday. UniCredit only discovered the breaches this week, two people familiar with the matter said, asking not to be identified discussing a possible criminal matter. Cyberattacks on corporations and banks »

Global Cyber Attack Could Cost $121.4 Billion, Lloyd’s Estimates

Average losses from a scenario where an attack would cause a widely-used cloud-service provider to fail would be $53 billion, depending on organisations involved and the length of the data storage disruption, Lloyd’s said in the report. Insurers could face total claims in that scenario ranging from $620 million to $8.1 billion, according to the »

Trade bodies criticise SEC’s plan for consolidated audit trail

The US Securities and Exchange Commission’s plans for its consolidated audit trail (CAT) for securities markets — which the SEC wants up and running in 2017 — have been criticised in comment letters from two leading trade associations. Described as “the largest financial IT project of all time”, the idea of a the giant data repository for »

Company and product news briefs

Micro Focus releases Atlas 3.0 Micro Focus, the London-listed software developer, has released the latest version of Atlas, its lifecycle software development platform. According to Micro Focus vice president Renato Quédas, Atlas 3.0 will be particularly useful for banks trying to keep pace with regulatory change. “Given their heavily regulated and risk averse natures, financial »