Bank and financial services Security News

Misconfigured networks are the easiest IT resource hackers exploit

Tufin Technologies's annual Hacking Habits survey aims to better understand how trends in the hacking community impact corporate security teams. Responses from security professionals attending the DEF CON18 conference in Las Vegas last month revealed that 73% came across a misconfigured network more than three quarters of the time – which, accordi... [...more...]

The Return of Ransomware and Do-it-Yourself Botnets

According to Fortinet's August 2010 Threat Landscape report, ransomware variant TotalSecurity has made its biggest comeback since March. Ransomware is malware that locks out applications and data from a user’s PC and then demands ransom for restored access, and TotalSecurity loader (W32/FakeAlert.LU) was the no. 1 malware detected this month by For... [...more...]

OmniPerception facial biometric technology can accurately identify a face without the person having to look directly into the camera

OmniPerception has developed innovative facial surveillance technology that is capable of identifying faces in second. CheckPoint.S™ is unique in that it can capture an image and recognise a suspect as they walk past the camera. The suspect doesn’t have to directly look at the camera because the technology is capable of extracting the facial fe... [...more...]

Data protection laws are too relaxed and require revision

In April this year, the ICO was empowered to impose fines of up to £500,000 on companies found to have breached the data protection principles, while the Ministry of Justice (MoJ) issued a Call for Evidence to learn whether the European Data Protection Directive 95/46/EC and the Data Protection Act 1998 is working and how it is impacting on individ... [...more...]

Zeus financial malware targets online banking customers by exploiting Verified by Visa and MasterCard SecureCode security programs

Zeus, which is also known as Zbot, WSNPOEM, NTOS and PRG, is the most prevalent banking malware platform for online fraud, and has been licensed by numerous criminal organizations. It infects PCs, waits for the user to log onto a list of targeted banks and financial institutions, and then steals their credentials which are sent to a remote server i... [...more...]

MITec, FAC and Ukash provide a fully integrated and secure alternative cash payments solution in Mexico

First Atlantic Commerce (FAC), Mercadotecnia Ideas y Tecnología (MITec), and Ukash® have announced the addition of Ukash voucher payment solutions including multi-currency voucher issuing, and full and partial voucher redemptions, to the Mexican market. Processing is conducted securely over FAC’s Internet payment platform allowing for real-tim... [...more...]

Imperva's data security suite helps enterprises protect not only web applications and databases but file systems as well

According to research firm IDC, 80 percent of all business data is file data, which will continue to grow at 60 percent annually. At the same time, many government and private industry mandates require companies to track and monitor access to sensitive data regardless of where it resides. Imperva has announced a File Security product line, the l... [...more...]

NVT's integrated hybrid CCTV and alarm system protects Banco de Costa Rica

Founded in 1877, Banco de Costa Rica (BCR) is the second-largest state-owned bank in Costa Rica. Today, BCR provides a broad range of financial services, including retail banking. Looking to protect its staff, buildings and financial assets, BCR has set upon a major project that will see its 4,500 employees, in 278 offices across Costa Rica, protec... [...more...]

Mykonos security appliance stops IT security attacks before the damage is done

Early detection of an attack is important because it saves IT security department’s significant time and money because the cheapest attack is the one that is never completed and requires no response. Mykonos Software have announced a new release of their flagship product, the Mykonos Security Appliance, aimed at preventing Web application abuse.... [...more...]

35 percent of companies believe their Intellectual Property has been handed over to competitors

According to Cyber-Ark® Software's fourth annual “Trust, Security and Passwords” global survey, 35 percent of respondents believe their company’s highly-sensitive information has been handed over to competitors. Thirty-seven percent of the IT professionals surveyed cited ex-employees as the most likely source of this abuse of trust. While per... [...more...]

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