IT Risk & Security

Software vendor platform of the year — Calypso Technology’s CATT

The San Francisco-based trading and risk systems became the first capital markets software vendor to offer an automated testing platform for its product. Standard Bank of South Africa was the first major customer. Testing software and apps has become progressively more difficult and time-consuming for banks. Aside from the growing number of legacy systems that »

DevOps advisory provider of the year — Tata Consultancy Services

ING is recognised as a leader in Agile and DevOps delivery among European banks. The partnership of ING’s Belgian subsidiary with Tata Consultancy Services (TCS) has been an important part of its success in its move toward continuous app delivery. Netherlands-based ING started its transition to full automation of software development two years ago, driven »

Nasdaq stocks show wild swings; exchange cites third parties

The prices were distributed by third-party data providers after Wall Street closed early for the July 4 break. The exchange operator was conducting a test of its pricing data feed that led to some providers, including Google Inc. and Bloomberg LP, the parent of Bloomberg News, showing exaggerated moves in shares such as Apple Inc. »

Cyberattack continues to clog up port systems, major networks

A.P. Moller-Maersk A/S shut down systems across its operations to contain the cyberattack against its computer network, as it assesses the full impact. BNP Paribas SA’s non-banking Real Estate unit was also hit, while a number of WPP Plc companies continue to be affected by the cyberattack, Chief Executive Officer Martin Sorrell and John Seifert, »

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 »

Swift to start suspicious-payment alerts to help defend banks

The new service is part of a series of measures from the Society for Worldwide Interbank Financial Telecommunication to defend against cyberattacks that aim to fraudulently use banks’ connections to the messaging system. It will place a “red flag” on payment messages that appear risky and spot anomalies, provide real-time alerts and allow customers to put »

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 »

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 »

Israeli Cybersecurity Industry Grows as Global Threats Multiply

According to figures based on the non-profit’s data platform and tech industry database PitchBook, 365 Israeli cybersecurity companies raised a total of $581 million in 2016, about 15 percent of all capital raised by the industry globally. About a quarter of the 65 Israeli cyber start-ups founded last year have already succeeded in raising funds, the »

Lloyds Said to Have Suffered Cyber Attack on Bank’s U.K. Systems

Britain’s largest mortgage lender was targeted by a denial-of-service attack, which aims to cripple an online system by flooding it with traffic, said the person who asked not to be identified because the details aren’t public. To defend its systems, Lloyds used geo-blocking tactics to prevent web requests from servers in locations used in the »

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