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IBM develops two-factor security for mobile devices

October 21, 2013 - Applying a combination of NFC technology and contactless bank cards, IBM has developed a simple two-factor authentication protocol for users conducting mobile transactions.

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East reports 32% rise on European ATM-related fraud attacks

October 14, 2013 - East (the European ATM Security Team) has reported a 32% increase in ATM related fraud attacks, despite a 9% fall in card skimming incidents.

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Cybersecurity approaches to APTs are often 10 years out of date, says new ISACA Book

October 11, 2013 - Many of today's most destructive advanced persistent threats (APTs) were conceived a decade ago, so enterprises that rely on most traditional approaches to cybersecurity are unlikely to succeed against the next generation of attacks. This is one of the cautions in a new book published by global IT association ISACA in Cybersecurity Awareness Month.

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Adobe hack exposes customer card details

October 4, 2013 - Software giant Adobe says hackers have hit its network, stealing the personal information, including encrypted payment card details, of 2.9 million customers.

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Swift signs MoU with Thailand's EDTA to promote uptake of ISO20022

October 4, 2013 - SWIFT, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, today signed a Memorandum of Understanding ("MoU") with Electronic Transactions Development Agency ("ETDA") of Thailand to promote the adoption and use of ISO 20022 among the financial industry in Thailand and ASEAN.

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Britain's banks told to draw up cyber-attack plans

October 2, 2013 - Britain's financial institutions must put concrete plans in place over the next few months to deal with the growing threat of cyber-attacks, the Bank of England has warned.

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