Finance companies are leaving themselves open to potential lawsuits because they are underestimating the IT security requirements needed to implement the Markets in Financial Instruments Directive (Mifid), experts have warned.
Internet service providers and manufacturers of operating systems should be providing more secure services and software for the public because of the rise in e-fraud, a member of the House of Lords Science and Technology Committee has said.
One in three IT professionals fears a major data security breach – accidental or malicious – could put them out of business, research conducted by Datamonitor for security firm McAfee has found.
As much as 50% to 70% of all malicious code comes from China, according to Eugene Kaspersky, head of research and development at Kaspersky Labs, speaking at the Infosecurity Europe show in London.