Cyber crime
APFIC 2014: HK Gov't Deputy CIO Warns Firms Must Strengthen Data Security
Official says Hong Kong's valuable data makes it a target for hackers, so firms must remain vigilant
DTCC and FS-ISAC JV Launches Cyber-Threat Platform
Soltra Edge will distil intelligence on threat vectors.
Poor Collaboration Leaves Banks Vulnerable to Cyber Threat
DTCC highlights clear and present cyber danger with whitepapers and joint venture.
Cyber-security: Preparing for Accountability
Investors are a hedge fund's lifeblood, entrusting their most confidential, personal data to the financial advisors who manage their assets.
NY Fed: Capital Markets Must Be More Wary of Data Cyber Threats
Capital markets firms must take more steps to protect sensitive information and market data from cyber-terrorists intent on stealing and reselling valuable data, including carefully guarding their internal data architectures and external providers,…
Neuberger Berman's Ganim: CISOs Have Their Work Cut Out
Bob Ganim, chief information security officer (CISO) at Neuberger Berman, a $250 billion New York-based asset manager, delivered the keynote address at this year's Buy-Side Technology North American Summit, held today at the Marriott Marquis in Times…
Shellshock Jolts Industry, Could be Worse than Heartbleed
A newly discovered vulnerability for Linux, Mac OS X and Unix-based systems highlights the challenges firms face when defending against hackers and data loss.
Shellshock Jolts Industry, Could be Worse than Heartbleed
A newly discovered vulnerability for Linux, Mac OS X and Unix-based systems highlights the challenges firms face when defending against hackers and data loss.
DTCC Partners FS-IAC for Cybersecurity Venture
The Depository Trust and Clearing Corporation (DTCC) and the Financial Services Information and Analysis Center (FS-IAC) have announced a joint venture, Soltra, for cybersecurity offerings.
FBI Investigating Cyber Attacks on US Banks
The US Federal Bureau of Investigation is working with the Secret Service, in order to investigate recent cyber attacks on American banks.
In Six Months, Ransomware Fear Has Grown
Successful cyber attacks on financial institutions have traditionally resulted in a theft of data, disruption of trading activity or websites - as in a DDOS attack - or a manipulation of internal company operations as a means of hurting the business.
The Who and How of Cyber Criminals
Hackers have grown up in the last decade. They've got more resources, more ways to get into your network, and more things to take once they get in.
Under Attack: Is Real-Time Data Safe from Hackers?
With recent data breaches such as US retailer Target falling victim to point-of-sale customer data theft and AOL email passwords being compromised grabbing the headlines, it's easy to understand why consumers are paranoid about data privacy. With the…
US Accountability Body Criticizes SEC Infosec Approach
The US Government Accountability Office (GAO) has released a critical report on information security practices at the Securities and Exchange Commission (SEC), finding that basic security measures are not taken by the regulator and that it must improve.
Heartbleed Bug Demonstrates Challenges Around Cyber Security
Earlier this week, a major hole in the OpenSSL open-source cryptography library was reported. The bug, dubbed Heartbleed, may affect 66 percent of the SSL servers on the Internet, according Internet research firm Netcraft.
EU Regulators Emphasize Cyber Risk in Joint Report
The Joint Committee of the European Supervisory Authorities (JCESA) has said that the risk to financial market institutions from cyber attack is grave, and warns that firms must be prepared to consider the resources allocated to this area.
Bank of England Warns on Cyber Threat to Markets
The Bank of England (BoE) has published its report on Waking Shark II, an exercise designed to test the resilience of wholesale financial markets against cyber attacks. While it found that participants reacted well, more could be done to improve…
High Time for Cybercrime
Tackling issues head on.
Financial Industry Faces Up to Cybersecurity Challenges
While the internet has revolutionized nearly every aspect of the financial markets, it carries with it an implicit level of risk that has only recently started to be properly examined by institutional trading firms. But when it comes to cybersecurity,…
The World is at War (Online)
Dealing with the increasing threat from cyberspace.
Exchanges Recognize Cyber Threats but Have Defensive Measures in Place
More than half of all worldwide exchanges have suffered a cyber attack in the last year, according to a survey by the International Organization of Securities Commissions (Iosco). Iosco released the results as part of a joint working paper with the World…
Liability Protection, R&D Needed After Cybersecurity Executive Order
One of the Obama Administration's first actions in the new term is proving controversial. All parties agree on the perils of hacking, but financial firms are skeptical that regulating cybersecurity, alone, is the right approach.
Beyond DDoS: Advanced Persistent Threats Linger After al-Qassam
After recent cyber attacks on US financial firms, the conversation has focused on distributed denial of service (DDoS) strikes. But firms need to acknowledge that DDoS is simply a means; the ends suggest something more complicated.