Security Loopholes in Banking Institutions not Patched, Hackers Still in

banking cyber security loopholes

According to an article from Financial Times, a security company named Bronzeye has identified risks in the banking field and has addressed these risks to the FCA (which stands for the Financial Conduct Authority). Although they were properly informed of the severity of such risks, it appears that the FCA did nothing to raise awareness …

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FBI Calls for New Laws to Facilitate Cyber Threat Information Sharing with Private Sector

FBI Calls for New Laws To Facilitate Cyber Threat Information

The FBI is calling on the Senate to update the Computer Fraud and Abuse Act, a federal law against hacking that will empower FBI and its specialist in unspecified “strategic International locations” to bolster US cyberspace. With cyber criminals threatening to crumble US economy, it is unsurprising the FBI is petitioning the US Senate for …

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US Urging Financial Institution to Hedge Against Cybercrime Risks

US Urging Financial Institution to Hedge Against Cybercrime

A string of embarrassing cyber attacker on US top notch government and organization particularly in the financial sector has prompted US to urge its financial institutions to take up cybercrime insurance covers to hedge against losses from cyberattacks. More importantly, the Bankers are working on easing communications between market players and government agencies. US is …

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Intel and Europol Partners in Cybercrime

An MOU between Intel Security Firm and Europol, will see the two combine resources and Expertise in combating cybercrime, in an already porous battle line. As cybercriminals advance their techniques and expertise, it is paramount that all those on the receiving end stage a united front or perish one at a time. Europol received a …

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US Firms “Hack Back’ Criminal Networks raising Legality and Morality Concerns

US Firms Hack Back Criminal Networks

In the recent past, US companies and top notch government agencies have been on the receiving end of very sophisticated cyberattacks and cyberespionage advances from foreign government backed hackers. Cyberattacks against the JPMorgan and other high profile corporation in US prompted the business community to find news way to shore up their defense mechanisms. More …

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JPMorgan Cyber-Attack Scares Obama Administration

Recent Cyber-attacks at JPMorgan Chase, America’s largest bank, unsettled Obama’s administration. Whitehouse freaked-out especially after preliminary investigations suggested the attack originated from Russia. White house is yet to establish the motive of the attacks or any clear connection to Putin’s’ administration. A source in the Obama administration familiar with security briefing on the JPMorgan case …

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