Bank and financial services Security News 
The use of wireless networks leaves information at greater risk for interception
According to the Ponemon Institute’s Global 2009 Annual Study on Cost of a Data Breach, 32 percent of all data breach cases in the study involved lost or stolen laptop computers or other mobile data-bearing devices. While the average organizational cost of a data breach was US $3.4 million, all countries in the study reported noticeably higher data... [...more...]
Hack the Lab workshop explains how to prevent hackers accessing the company network
Recent studies show that cyber attacks such as computer hacking cost businesses around the world an average of £1.2 million last year, with 75% of businesses polled having experienced some kind of cyber crime in the past 12 months. The Hack the Lab workshop from Network Defence explained businesses how to prevent hackers accessing the company ne... [...more...]
Cumberland Building Society incorporates ValidSoft's VALid solution technology into new secure transaction service
Cumberland Building Society, one of the UK’s largest building societies with assets exceeding £1.5billion, is to incorporate ValidSoft's VALid solution technology into a new secure transaction service. VALid provides two or three factor authentication, with fully configurable Out-of-Band (OOB) behaviour, ranging from simple call acknowledgement... [...more...]
Hawsons Chartered Accountants select Egress Switch to protect and control information
Tough new UK legislation has increased market awareness of the risks associated with sharing sensitive information electronically. Subsequently, legal and accountancy firms are taking measures into their own hands in order to protect client data. Egress Software Technologies has announced that Hawsons Chartered Accountants has selected Egress S... [...more...]
Bank customers are targeted by criminals using regional specific malware to steal peoples online banking credentials and commit fraud
Trusteer is warning that bank customers are being targeted by criminals using regional specific malware that flies under the radar of most antivirus technology to steal peoples online banking credentials and commit fraud. Detection rates for regional malware are between zero and 20%, suggesting that the majority of these attacks go undetected. ... [...more...]
Over 2,500 attacks on websites every hour
Jason Hart, the CEO of CRYPTOCard, has indicated that the number of attacks on websites has reached 2,500 every hour. Jason Hart was speaking at the E-fraud breakfast briefing hosted by Midlands law firm Challinors. “There are rising numbers of attacks on information security and IT systems continue to be built on vulnerable and insecure foundat... [...more...]
Infinova cameras watch over Kuwait Finance House
Kuwait Finance House, headquartered in Kuwait City with international operations in Bahrain, Malaysia and Turkey, is using over 1,300 Infinova high-resolution fixed and PTZ dome cameras plus 80 Infinova DVRs to watch over its 46 locations. In the bank’s new administration building, the organization is migrating to Infinova megapixel cameras and NV... [...more...]
Rapport's financial malware disinfection removes malicious code that attempts to attack browser sessions
Zeus and other online fraud Trojans are increasingly being remotely reconfigured by criminals to deliver new, more targeted and more authentic looking attacks. For example, Trusteer recently discovered campaigns that use Zeus to exploit the familiar Verified by Visa and MasterCard SecureCode security programs and launch regionally-focused attacks a... [...more...]
Juniper Networks acquires SMobile to deliver a secure mobile Internet experience on any mobile smart device
Juniper Networks has announced its acquisition of SMobile, a provider of smart phone security. The Columbus, Ohio-based SMobile Systems, Inc., is a privately held software company focused solely on smart phone and tablet security solutions for the enterprise, service provider and consumer markets. The total transaction consideration at closing will... [...more...]
Biometric Fingerprint USB Scanner With Access Control System
Biometric scanner are a cost-effective step many businesses can take to help authenticate the actions of their of their employees as well as increase their own businesses security. Fingerprint Scanners serve a variety of functions, but are most commonly seen in time clock applications, on walls where they serve as Access Control units to allow ... [...more...]
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