Latest Financial services and banking security News

Two thirds of data security breaches come from small companies
posted on 20/05/2010

Under the new rules, the Information Commissioner’s Office (ICO) is able to fine businesses up to £500,000, equivalent to 10 per cent of the highest annual turnover of a small company, if they lose individuals' confidential data. Previously the ICO had the power to fine just £5,000 for serious breaches of the Data Protection Act, but these new measures are expected to act as an effective deterrent to improve data security within the UK economy. Shred-it welcomes these new powers as a sign of progress for UK data protection but warns that as fraud persists, small businesses must be vigilant as they are often the most vulnerable targets for information thieves. Robert Guice, Executive Vice President of Shred-it, said: “With fraud on the rise, information security is more important than ever for businesses looking to protect their financial standing and corporate reputation. These new measures highlight the urgent need for small businesses to invest in data security practices that protec... [more]

Dedicated Micros launches DV-IP ATM Express system targeted at the banking sector for ATM protection
posted on 20/05/2010

Dedicated Micros has launched a compact DV-IP ATM Express DVR (Digital Video Recorder) to deliver faster, lower power, and more efficient CCTV video and text integration. The DV-IP ATM Express system, which can be networked or used as a standalone solution, is targeted primarily at the banking sector for Automated Teller Machine (ATM) protection and has been designed, from the start, to cope with the confined conditions of an ATM. Crucially, the DV-IP Express ATM is built around an embedded operating system for enhanced reliability and network security - important requirements in this critical area. The 4-channel DV-IP ATM Express features include: true global record rates of up to 100pps (PAL) and 120pps (NTSC) across the unit; a compact footprint of only 246 mm by 125 mm; low power demands; the potential - when combined with Dedicated Micros' new ATMi (interface module) - to readily capture and process transaction data which can be recorded with the video footage. The DV-IP ATM Exp... [more]

DVTel offers Latitude Video Management System as a Software as a Service
posted on 20/05/2010

DVTel, Inc. is offering its Latitude Video Management System as a Hosted, Managed Video Surveillance Offering in select markets thereby enabling systems integrators, ISPs, and Telcos to offer their enterprise customers hosted video as a service to leverage the complete benefits of a network video management system hosted off-site. By offering SaaS, or, as DVTel coins it – Hosted, Managed Video Surveillance, DVTel provides customers with a network video management system configured centrally by the experts. Customers will then have complete control and access to their video data, hosted at an off-site location. The benefits of a hosted, managed network video surveillance solution includes better access to the application for remote workers, decreased risk of a failed or delayed deployment and instant access to the latest product enhancements. The service is rented on a monthly basis thus spreading system expenditures over a period of years; the system is maintained for the customer,... [more]

Precise Biometrics' new toolkit enables verification of fingerprints in a computer
posted on 18/05/2010

Last year, Precise Biometrics’ fingerprint extractor achieved the best result among all submitted entries to the US interoperability program Ongoing MINEX, which is organized by the US National Institute of Standards and Technology, NIST. The technology has now been turned into a product. Precise Biometrics has released a new toolkit for integration of top-performing, standardized fingerprint verification on both PC and Mac. The product has support for international standards for fingerprint templates and builds on the highest ranking fingerprint extractor in the US interoperability program Ongoing MINEX. The product Precise Biometrics is releasing enables verification of fingerprints in a computer. The technology is easily integrated in different applications for replacing all types of password verification and authentication methods. Basing the technology on standards offers the end-customer flexibility as they can choose among different suppliers. The release comprises of both a to... [more]

Comodo HackerGuardian allows firms to meet PCI vulnerability scanning requirements more easily
posted on 17/05/2010

Businesses that receive, transmit, or store credit card data must perform a network vulnerability scan every quarter. Scanning identifies vulnerabilities that could be exploited by hackers to steal confidential customer information. Comodo has announced the latest version of HackerGuardian™, allowing firms to meet PCI vulnerability scanning requirements more easily. Comodo CA Ltd. is a PCI-approved scanning vendor. With HackerGuardian, the scanning and reporting processes have been improved, allowing businesses to meet the requirements in less time-leaving them more time for their core businesses. HackerGuardian's enhancements and new features include * Overview dashboard - Enables quick access to the most common functions and information needed to manage scans * Setup wizard - Engage a setup wizard at any time. The user sets up once and lets HackerGuardian run itself * Simplified layout - Consolidated pages enable more function with less complexity * Drilldown cap... [more]

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