Tag: finance

Financial cybersecurity ‘needs to be a key agenda item at G20’

September 5, 2016

Improving financial cybersecurity at an international level must be a key agenda item at the G20 Summit in China this month (September 4th-5th). This is according to a group of prominent US senators, who have urged president Barack Obama to raise this critical issue at the event. In a letter to the White House, Gary … More Financial cybersecurity ‘needs to be a key agenda item at G20’

European firms’ financial departments the target of cyberattacks

February 4, 2016

Two major cyberattacks have siphoned over $50 million and nearly $80 million from the Belgian bank Crelan and the Austrian aircraft parts manufacturer FACC, respectively. Official statements released by both firms this month were light on detail but indicated that they had fallen victim to a scam known as Business Email Compromise (BEC). The common … More European firms’ financial departments the target of cyberattacks