Security

Symantec to Buy LifeLock for $2.3 Billion to Add ID Security

The offer for LifeLock values its shares at $24 apiece, according to a Business Wire statement. The offer is 16 percent above Friday’s closing price. The Tempe, Arizona-based company was pursued by bidders including private equity firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of hedge fund Elliott Management, according to people familiar with the matter, »

U.S. Banks Face New Demands to Guard Themselves From Hackers

Banking agencies released a proposal Wednesday for rules that would require lenders — and the outside firms that serve them — to better safeguard themselves and their customers. Banks with more than $50 billion in assets and other systemically significant firms would have to establish board-approved protections that make them more aware of what’s happening »

U.K. Software Security Company NCC Plunges on Contract Losses

Shares were down 34 percent to 227p at 09:33 a.m. in London trading. “Adverse developments in the Assurance Division will have an impact on profitability between the first and second half of the year,” the company said in a statement, cautioning that it is too early to quantify the financial impact. NCC was formed in »

Banks Normally at Odds Build Joint Force to Fight Cybercrime

But Oerting, with no small dose of grudging admiration, says his adversaries excel at something that can’t be addressed with deep pockets or killer software: They’re superb networkers. “The organized crime groups in cyber are sharing much better than we are at the moment,” says Oerting, a Dane with a square jaw and the watchful »

Aujas Networks receives CREST accreditation for pen testing

Mumbai-based information security provider, Aujas Networks, has been accredited by the UK’s Council of Registered Ethical Security Testers (CREST) to provide penetration testing. CREST provides accreditation for vendors of digital security services, guaranteeing that they have passed the council’s examination. Aujas Networks is the first Indian company to join CREST’s list of approved vendors. Sri... »

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 »

CFTC adopts new rules for cyber security testing

The US Commodity Futures Trading Commission (CFTC) has voted to adopt new rules to govern security testing for contract markets, swap execution facilities, and swap data repositories as well as derivatives clearing organisations. These amendments are in line with the recently released ‘Guidance on Cyber Resilience for Financial Markets’ published by the Bank of International »

Round-up: Regulatory and Company News

SWIFT criticises negligent banks in leaked email SWIFT, the interbank payments consortium, has warned banks that there have been successful cyber attacks on its members since the $81m February theft from the Bangladesh central bank. In a letter obtained by Reuters, SWIFT suggested that the attacks exploited lax security measures to send fraudulent transfer requests. »

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 »

NCC Group accredited by CBEST for threat intelligence

Manchester-based cyber security firm, NCC Group, has received CBEST accreditation to provide threat intelligence for financial firms. CBEST is the Bank of England’s shared framework for testing the vulnerability of major financial firms to cyber attacks. According to CBEST guidelines, financial firms hire threat intelligence providers to gather and analyse information on potential threats and »

Page 3 of 41234