The problem of ransom malware has reached epidemic proportions and could be extracting fraudulent payments from as many as 3 percent of victims, a Symantec report has calculated. In a world already afflicted by botnets, banking Trojans ...
Tags: botnet, cyber security, cybercrime, malware, Malware ransome, profits
Regulators must force banks to overhaul complex IT infrastructures which risk causing further large-scale system outages, IT trade body Intellect has urged. The UK’s financial IT infrastructure is no longer fit for purpose and risks ...
Tags: IT infrastructure, IT trade, financial IT infrastructure
The financial services industry is undergoing massive change. The global economic crisis, on-going Eurozone challenges and well publicised banking scandals have left the sector with a severely tarnished reputation and under real scrutiny. ...
Tags: financial service, economic crisis, Eurozone challenge, banking scandal
Wells Fargo Insurance has appointed Ken Fraser as the head of the Risk Management and International Insurance Practice and the Wells Fargo Global Broker Network. Ken Fraser will be based in Atlanta and report to Anne Doss,head of National ...
Businesses and public sector organisations continue to outsource operations, with demand for shared services outstripping traditional outsourcing. According to KPMG research into outsourcing trends, over half (52%) of organisations in ...
Tags: Computer Products, shared services, KPMG, traditional outsourcing
The UK's financial services sector needs urgent investment in its IT infrastructure in order to identify and mitigate systemic risks,according to a report by the trade association for the UK technology sector,Intellect. In its Biting the ...
Tags: Banks, IT infrastructure, financial system, RBS
Sparton Onyx, a subsidiary of Sparton, has acquired Onyx EMS, a manufacturer of medical devices for OEM and emerging technology companies, for $43.25m in cash. Onyx's commercial products include cardiovascular diagnostics, hearing ...
Tags: Onyx, Onyx EMS, medical devices, commercial products, Sparton
A cyber gang thought to be based in Eastern Europe and the former Soviet Union is recruiting dozens of people to participate in a scheme to steal millions of dollars from 30 major U.S. banks, according to RSA. The organisers are thought ...
Tags: cyber crime, cyber criminals, highlightedpost, Trojan, banks
Dutch insurance conglomerate ING is planning to reduce approximately 2,400 positions in insurance and banking arms over the next two years, in a bid to save €460m annually. The firm will eliminate 1,350 jobs in its insurance arm, ...
Tags: Dutch insurance, ING, insurance arm
Dutch insurer ING has inked an agreement with Pacific Century Group (PCG) to dispose of its underwriting business units in Hong Kong, Macau and Thailand for a combined consideration of $2.14bn (€1.64bn) in cash. Its insurance ...
Tags: ING, PCG, underwriting business
Royal Bank of Scotland (RBS) and NatWest customers are still facing technical issues as an IT failure continues to cause havoc for the banking group. Bank customers first found their RBS and NatWest services were unavailable at lunchtime ...
Tags: RBS, NatWest, technical issues, IT failure
Route de l’Horlogerie – Genève: an overview of the Swiss watchmaking panorama Geneva’s watchmaking history can be discovered through a unique Geneva Watch Tour. Punctuated by around 50 monobrand boutiques and ...
The Oracle OpenWorld Conference 2012 opened today at the Moscone Exhibition Centre, San Francisco. The five day affair began today with a keynote from CEO Larry Ellison who began by thanking the company’s 390,000 customers across the ...
Tags: Oracle OpenWorld Conference, keynote, ICT, cloud strategy
A team of researchers from two German universities has released a study asserting that many of the most popular free apps available through the Google Play store may be vulnerable to man-in-the-middle attacks — seriously threatening ...
Tags: Android, google play, highlightedpost, mobile, privacy, researchers
During the next eight years, the amount of digital data produced will exceed 40 zettabytes, which is the equivalent of 5,200 GB of data for every man, woman and child on Earth, according to an updated Digital Universe study released today. ...
Tags: data, digital, digital universe, gb, highlightedpost, study