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Chinese military is behind systematic hacking claims IT security firm Mandiant

February 21, 2013 - American IT security firm, Mandiant, has released a report that identifies what it calls Unit 61398 as a secretive branch of China's military that is dedicated to cyber-hacking and stealing data and secrets from the west, confirming long held fears. China's government has denied the accusation.

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Financial industry welcomes Obama cybersecurity plans

February 14, 2013US President Barack Obama has signed a cybersecurity executive order designed to improve collaboration and information sharing between the government and critical infrastructure providers such as banks.

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GAO: Cybersecurity Needs to Be Better Defined and More Effectively Implemented

February 14, 2013 - Threats to systems supporting critical infrastructure and federal operations are evolving and growing.

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Retail banking IT spend to hit $118.6bn in 2013 according to Ovum

February 4, 2013 - IT spending will grow by 3.4 percent at global retail banks reaching US$118.6bn in 2013. The Ovum Business Trends report also finds that European banks are lagging behind their North American and Asia-Pacific counterparts, with just 1.8 percent growth expected, compared to 3.3 percent and 5.1 percent, respectively.

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Federal Communications Commission Needs to Strengthen Information Security Controls

February 1, 2013 - The Federal Communications Commission (FCC) did not effectively implement appropriate information security controls in the initial components of the Enhanced Secured Network (ESN) project.

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KPMG survey shows executives worried about cyber security and risk

January 30, 2013 - High level directors at numerous corporations around the world are concerned about the quality of information they receive about cyber security threats, says a new KPMG survey of 1,800 audit committee members across 21 countries.

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