Banks
Fraud Fresh review of Lloyds payouts over HBOS fraud begins
A retired High Court judge has been appointed to re-review compensation paid by Lloyds Banking Group <LLOY.L> to victims of …
Threats Banks and financial services suffered 25% of all malware attacks
Over a quarter of all malware attacks targeted banks and financial services for purposes such as infiltrating corporate networks, gaining …
Threats Nearly 75% of banks were unprepared for cyber attacks in 2018
As many as three in four banks, particularly in Russia and Eastern Europe, were not prepared for cyber attacks in …
Threats Customer data from almost all Pakistani banks being auctioned on the Dark Web
Customer data from almost all Pakistani banks have been compromised by hackers and dumped on the Dark Web, thereby revealing …
Threats Bank of England testing banks’ resilience against cyber threats
Back in July, the Bank of England, along with Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) gave UK-based …
Threats Banks must not blame customers for financial scams, says financial ombudsman
Banks need to do more to help customers who have lost valuable money to sophisticated fraud and scams carried out …
Threats UK banks given three months to prove their cyber resilience
Banks and financial institutions in the UK have been given three months by the Bank of England, Prudential Regulation Authority …
Information security Cyber crime ring that swindled global banks off over EUR 1 billion apprehended
A Russian-Ukrainian cyber crime ring that caused losses of over EUR 1 billion to over 100 financial institutions in 40 …
News NatWest to upgrade security of main website following public spat with researcher
NatWest bank has said it will update its main customer-facing websites with HTTPS encryption after initially rebuffing a researcher's concerns …
News FCA mandates banks to reveal all security incidents from next year
The FCA has announced new rules to make it mandatory for banks to inform customers about security incidents from August …
News Changing of account data by leading banks placing customer data at risk
A fresh move by leading banks in the UK to change account data for around one million customers could place …
News Global banks gearing up for devastating cyber-attacks from North Korea
In October, we talked about how British banks were worried that North Korea would target them to recoup necessary finances …
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