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China extends probe into brokerage IT after Everbright reports $85.5 million loss due to glitch

September 9, 2013 - China Everbright Securities lost $85.5 million due to a technical glitch in its order management system which flooded the market with erroneous buy orders and seriously disrupted trading in China last month.

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Bloomberg told to improve security in client data privacy probe

August 23, 2013 - Bloomberg has said it will create and enforce stronger barriers between its news services and financial data units to stop reporters accessing client information.

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Nasdaq and major banks the victims as five indicted for largest known cyber breach

July 26, 2013 - US lawmakers have charged five men with conspiring in a worldwide hacking and data breach scheme that targeted major corporate networks, stole more than 160 million credit card numbers and resulted in hundreds of millions of dollars in losses.

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Sifma calls for government action after Quantum Dawn cyber security drill

July 19, 2013 - SIFMA today released the following statement from Karl Schimmeck, vice president, financial services operations, upon completion of the Quantum Dawn 2 cybersecurity exercise.

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Citi blames tech for failure to redact personal data from 150k bankruptcy filings

July 18, 2013 - A software glitch saw US bank Citi fail to redact the personal information of nearly 150,000 people in bankruptcy filings, according to court documents unsealed this week.

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Wall Street business continuity testing against cyber threat underway

July 18, 2013 - Wall Street banks and financial institutions (FIs) are testing their business continuity planning (BCP) systems and procedures today against a cyber-attack scenario.

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