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Banks accused of failing to report true scale of cybercrime

November 7, 2014 - Treasury Committee chairman Andrew Tyrie is to question banks over allegations that they may be under-reporting instances of bank fraud because they don't want to frighten people.

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FFIEC Releases Cybersecurity Assessment Observations, Recommends Participation in Financial Services Information Sharing and Analysis Center

November 4, 2014 - The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, today released observations from the recent cybersecurity assessment and recommended regulated financial institutions participate in the Financial Services Information Sharing and Analysis Center (FS-ISAC).

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Staples investigates data breach

October 21, 2014 - Office supply retailer Staples has become the latest firm to reveal that it is investigating a possible data breach that could leave customer payment card details at risk.

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Kaspersky Lab and INTERPOL Survey Reports: 60 Percent of Android Attacks Use Financial Malware

October 22, 2014 - According to the results of the "Mobile Cyber Threats" survey issued by Kaspersky Lab and INTERPOL between August 2013 and July 2014, malicious programs targeting Android-based devices in order to steal money were used in 60 percent of attempted attacks registered by Kaspersky Lab security products. These cybercriminals frequently targeted Android users in Russia, but also in Ukraine, Spain, United Kingdom, Vietnam, Malaysia, Germany, India and France.

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Crook dumps Target card details on Russian forum

October 17, 2014 - A cyber-crook has uploaded the details of more than five million cards, many of them stolen during the data breach at US retailer Target, to a Russian carding site, says security firm Group-IB.

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TD Bank slapped with $850,000 fine over 2012 data breach

October 16, 2014 - TD Bank has agreed an $850,000 settlement with the Attorney General of New York over a data breach in 2012 that compromised the financial records of 260,000 customers nationwide.

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