Blog Posts Tagged with "Financial"

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Authorities Arrest Man Over Stock Exchange Attack

August 22, 2011 Added by:Headlines

Authorities in Hong Kong have arrested a man on suspicion of conducting a cyber attack against the Hong Kong Exchange (HKEx) nearly two weeks ago. The man was detained late last week and police seized five computers, several mobile phones, and other items, according to reports...

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Could a Cyber Attack Shut Down the Stock Exchange?

August 19, 2011 Added by:Infosec Island Admin

The system is vulnerable to attacks that would have great consequences to the financial system within the US as well as potentially the world. Perhaps Mr. Kass is just looking to leverage the fear, perhaps he is trying to fire off the "Bat Signal” that something is wrong or inevitable...

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GAO Report: FDIC Information Security is Inadequate

August 17, 2011 Added by:Headlines

According to the GAO, the FDIC has not always required strong passwords systems; reviewed user access to financial information; encrypted information transmitted over and stored on its network; protected powerful database accounts and privileges from unauthorized use...

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Financial Industry Guidance on the Use of Social Media

August 14, 2011 Added by:David Navetta

Banks and other financial institutions face unique issues when it comes to the use of social media. Faced with conflicts between social media platform rules, customer expectations, self-regulatory standards, and the strict regulations that govern the industry, guidance has been issued by BITS...

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UPDATE: Hong Kong Trading Halted by DDoS Attack

August 11, 2011 Added by:Headlines

Trading on Hong Kong’s stock market, Hong Kong Exchanges and Clearing, remains suspended today following a “coordinated and sustained” distributed denial of service attack on one of the exchange’s websites Wednesday...

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Majority of Bankers Say Cyber Crime is Uncontrollable

August 11, 2011 Added by:Headlines

The results of a live poll conducted at its annual North American Insights client conference show fraud and cyber crime continue to be among the most daunting issues that banks are facing today. Bankers believe it is a challenge that they will never be able to get under control...

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JPMorgan Chase Banker Pleads Guilty to ID Theft

July 23, 2011 Added by:Headlines

Manhattan District Attorney Cyrus R. Vance, Jr., today announced the guilty plea of HAO “HOWIE” WANG, 28, for stealing more than $1.1 million from JPMorgan Chase and stealing the identities of four victims. WANG pled guilty to Grand Larceny, Identity Theft, Falsifying Records, and Forgery...

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Authorities Arrest 61 in Global ATM Skimming Ring

July 18, 2011 Added by:Headlines

"What stands out to me is that they arrested 61 people and they anticipate more. I think it just shows how pervasive these skimming rings are. This isn't a couple of smart teenage hackers operating locally, but a globally organized operation..."

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Morgan Stanley Reports Customer Data Breach

July 06, 2011 Added by:Headlines

"The sensitive information on the password-protected CD-ROMs included names, addresses, Social Security numbers, Morgan Stanley Smith Barney account numbers and income earned on tax exempt bonds or funds you hold or held in 2010..."

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Anonymous Takes Aim at Bernanke and Federal Reserve

June 14, 2011 Added by:Headlines

"We cannot remain passive while our future is going up in flames. It is time for us to stand up for ourselves. It is time for you to stand up for yourself. We must restore the rule of law and fight back against the organized criminal class. We must now launch 'Operation Empire State Rebellion..."

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OddJob Trojan Hijacks Online Banking Sessions

June 14, 2011 Added by:Robert Siciliano

The OddJob Trojan hijacks online banking sessions, keeping users’ accounts open after they think they’ve quit. Hackers can then access the open account to make fraudulent transactions. When your computer’s security is lax, you’re vulnerable to malware or malicious software...

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The Citigroup Breach and Tips for Secure Online Banking

June 13, 2011 Added by:Headlines

The Citigroup breach is considered one of the very few successful hacks against a major banks systems, and underscores the need for continued vigilance by financial institutions and their clients where security best practices are concerned...

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Citigroup Suffers Breach of Customer Information

June 09, 2011 Added by:Headlines

Citigroup has confirmed an unauthorized network access event may have compromised the account details of as many as two hundred thousand North American banking clients. Representatives said they detected the breach of the Citi Account Online network in May through routine monitoring...

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Sony Stock Hammered in Wake of Security Breaches

June 06, 2011 Added by:Anthony M. Freed

The unrelenting security incidents plaguing Sony, compounded by the recent earthquake and Tsunami in Japan, has worked to undermined shareholder confidence in the entertainment giant, and the result is a steady decline in the company's share price...

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Bank Employee Arrested for Hijacking Accounts

May 26, 2011 Added by:Headlines

Hurtado secretly accessed U.S. Bank’s computer system and changed the contact information for the accounts of two elderly customers. After changing their contact information, Hurtado then allegedly closed these accounts and took out cashier’s checks for the balance of each account...

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Mobile Network Operators Lack PCI DSS Compliance

May 25, 2011 Added by:Headlines

“The survey shows that there is clearly room for improvement by the mobile operator community in addressing PCI DSS compliance, and it is critical that operators not yet compliant take appropriate measures to ensure the security of their customer’s sensitive cardholder data..."

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