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Researchers hack mPOS devices, play Flappy Bird

April 7, 2014 - Mobile point-of-sale (mPOS) devices can be easily hacked, leaving banks, retailers and customers open to fraud, claims MWR InfoSecurity, which has even managed to play Flappy Bird on one reader.

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Banks losing millions to new wave of ATM hacks - FFIEC

April 3, 2014 - US regulators have warned banks to protect their automated teller machines and card authorisation systems from a fresh wave of cyber-attacks that seek to exploit ATM control weaknesses to spew out millions of dollars in fraudulent withdrawals.

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Worldwide IT spending on pace to grow 3.2% in 2014 - Gartner

April 2, 2014 - With the global economy showing signs of a gradual recovery, worldwide IT spending is on pace to total $3.8 trillion in 2014, a 3.2 percent increase from 2013 spending, according to the latest forecast by Gartner, Inc.

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Bank IT Systems Come Under Regulatory Spotlight

March 31, 2014 - The resilience of bank IT systems is set to come under the regulatory microscope in 2013/2014 as the UK's Financial Conduct Authority identifies technology risk as a key area of focus for the coming year.

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Enterprise Mobility is Shifting Financial Services CIOs to a New Model of IT

March 28, 2014 - A new MobileIron study conducted by Ponemon Institute shows that mobility has introduced disruptive business and employee demands that are causing CIOs to shift to a new model of enterprise IT. The study, called "The Changing Mobile Landscape in Financial Services," was released today and surveyed over 400 IT professionals in the financial services industry about the future of BlackBerry, mobile apps, BYOD, mobile strategy, and the new IT capabilities required to succeed with enterprise mobility.

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Bank IT spending to hit $100bn in 2018

March 19, 2014 - A new study conducted by Ovum has revealed that IT spending within the financial services sector is set to increase in the coming years, hitting the $100 billion mark in 2018.

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