IT GRC Forum

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Bank IT spending in mature Asian markets to hit $22 billion

June 20, 2016 - IT spending by banking and securities firms in the mature Asia/Pacific region will reach $22 billion dollars in 2016, a 0.47 percent increase from 2015, according to Gartner.

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Swift's Perez-Tasso warns of defining cybersecurity moment

June 16, 2016 - As Swift grapples with the fallout from a spate of recent attacks on bank websites, the messaging network's chief executive of the Americas and UK, Javier Perez-Tasso, has warned that the financial services industry is facing a defining moment in the fight for cybersecurity.

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US lawmakers to investigate Fed's cyber security

June 6, 2016 - A US congressional committee is to investigate the Federal Reserve's cyber security practices, according to Reuters which recently reported that there have been more than 50 cyber breaches at the central bank between 2011 and 2015.

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Swift to review strategy in wake of cyber attacks

June 3, 2016 - Swift chief executive Gottfried Leibbrandt says that member banks with weak cyber security could face the ultimate sanction - exclusion from the global interbank messaging network.

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Symantec traces Swift attacks to North Korea

May 27, 2016 - Security researchers at Symantec have pinned the blame for the spate of attacks on South East Asian banks connected to the Swift network on a state-sponsored North Korean hacking group.

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More banks come forward as Bangladesh hack investigation expands

May 26, 2016 - The fallout from the $81 million Bangladesh Bank hack continues, with up to a dozen banks getting in touch with investigators to flag similar possible network breaches, according to Bloomberg.

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