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UK banks a "long way" from improving antiquated IT systems - PRA director

January 9, 2014 - The UK banking sector is a "long way away" from addressing deficiencies in "antiquated" IT systems, a senior Bank of England official has told a parliamentary inquiry.

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Target payment data theft highlights poor US security measures

December 23, 2013 - The recent theft of payment data from customers of US retailer Target has highlighted the importance of security in this area once again and raised fears that the US is behind other nations of the world in its data protection and security countermeasures, particularly in regard to its slow adoption of Chip and PIN security technology.

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Credit Union lobby urges Congress to act on retailer data security failings

December 20, 2013 - In the wake of the massive data card breach at Target retail stores in the US, the National Association of Federal Credit Unions (Nafcu) has urged Congress to crack down on data security weaknesses in the merchant industry.

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Target says 40 million cards may have been compromised in data breach

December 19, 2013 - The US Secret Service is investigating a massive data card breach at Target retail stores across the United States.

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UK IT professionals fear losing the cyber-security battle

December 16, 2013 - Only a minority of 350 UK IT professionals surveyed by One Poll this quarter, on behalf of RedSeal, have said they could truthfully tell the board at their organisation they are secure from cyber-attack, with just 44% of respondents agreeing they could make this statement, while 36% said they couldn't and 20% opted for don't know.

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Exchange group sets up cyber-security committee

December 12, 2013 - The World Federation of Exchanges (WFE) has launched the exchange industry's first cyber-security committee, to help fend off the threat from hackers targetting mission critical market infrastructures.

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