UK Regulator to Punish Financial Services Firms for Failures with Cyber Defenses

Article 0 Comments Britain’s Financial Conduct Authority will punish firms that are failing to get the basics right on cyber defenses, or whose botched IT projects harm consumers, a senior official at the markets watchdog said on Tuesday. Outages at banks such as TSB have left thousands of customers without […]

AXA Mexico Confirms Client Information, Resources Are Safe After Cyber Attack

Article 0 Comments AXA Mexico said the information and resources of its customers are safe and have not been affected by a cyber attack, which it discovered on Oct. 22. In a statement, AXA Mexico said that it had “identified anomalies in its transactions” that passed through its electronic payment […]

AXA Cyber Attack Prompts Mexico Central Bank to Issue Security Alert

Article 0 Comments Mexico’s central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported “inconsistencies” in the cash payment matching system. Insurer AXA said in a separate statement it suffered a cyber attack on Monday that prompted the […]

Banks on Alert After FBI Warning of Cyber Attacks on ATMs

Article 0 Comments Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. “The FBI routinely advises private industry of various cyber-threat indicators observed during the course of our investigations,” Lauren Hagee, an FBI […]

UK Banks Should Be on ‘War Footing’ over Rising Cyber Threats: Regulator

Article 0 Comments The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. “I would like our firms to be on a WAR footing: withstand; absorb; recover,” Lyndon Nelson, deputy chief executive of the BOE’s Prudential Regulation Authority, said in a […]

Mastermind Behind ATM Malware Attacks Arrested in Spain

Article 0 Comments The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain. The leader of a criminal gang that carried out the malware attacks known as Carbanak and Cobalt […]