Tier-3 says that a new trojan, spotted in various forms by Symantec in recent weeks, now poses a potentially serious threat to most authentication systems being rolled out by banks to protect their electronic customers. Most banks’ two-factor authentication systems centre around the use of a customer-supplied password, plus a unique, one-time code generated by an electronic token such as a SecurID unit or a user’s mobile phone. Tier-3 claims that the new trojan, known as Silentbanker, allows hackers intermediary access to the information stream from the user, allowing them to create a man-in-the-middle type attack during an e-banking session. The company claims that this effectively counters the protection afforded users by the two-factor authentication technology. It is advised that e-banking clients keep their IT security software up to date, as this should help spot most trojans.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.