158 articles tagged with this keyword
News/Disaster recovery
US banks could face a wave of distributed-denial-of-service (DDoS) hits today to mark the anniversary of the 11 September 2001 terrorist attacks, warns the FBI.
11 September 2013
Nasdaq has outlined a series of steps to improve the resilience of the Securities Information Processor following a second brief outage just weeks after a malfunction in the market data feed forced the exchange to shut down for three hours.
05 September 2013
Just over half of the world's securities markets have fought off intrusions by cyber-attackers over the past year, according to figures released by the International Organisation of Securities Exchanges (Iosco) and the World Federation of Exchanges (WFE).
16 July 2013
Philippines-based EastWest Bank has selected HP Converged Infrastructure to build a private cloud designed to streamline IT operations and reduce costs.
08 July 2013
Wall Street is girding itself for Quantum Dawn 2, a simulated cyber-attack designed to test banks' readiness for an assault from hackers.
18 June 2013
LCH.Clearnet suffered a serious IT failure on 31 December, affecting payment processing and hindering the clearing house's contingency plans, according to the Bank of England.
26 March 2013
A senior Lloyds executive is suing the British bank for £1 million in lost earnings, alleging that he was forced out of his crisis management post after blowing the whistle on "startling" failures in IT disaster recovery systems.
11 January 2013
The Depository Trust and Clearing Corporation has begun sifting through the soggy remains of approximately 1.3 million physical securities certificates stored in an underground vault in lower Manhattan which was overwhelmed by a tidal surge during superstorm Sandy.
15 November 2012
As trading resumed in New York after a two-day Hurricane Sandy-inflicted pause, the effectiveness of Wall Street's back-up plans to deal with disasters was being called into question.
01 November 2012
US stock markets are to remain closed on Tuesday for the second day in succession, in the aftermath of a huge storm surge that flooded downtown Manhattan and plunged millions of New Yorkers into darkness.
30 October 2012
As disaster recovery plans go, it's certainly novel: The Bank of England allegedly contemplated buying up to half-a-dozen bicycles so that its officials could navigate around a riot-gripped City in the event of a full-scale financial meltdown.
11 July 2012
US regulators have published details of banks' plans for living wills, including information on how the organisations' IT systems will cope if they are shut down or broken up.
04 July 2012
Around a quarter of European financial sector companies saw their revenue hit and product development delayed thanks to data loss and systems downtime last year, according to a survey for EMC.
24 November 2011
Financial messaging network Swift has outlined plans to build a business continuity service that will keep Real Time Gross Settlement (RTGS) systems operating in the event of a major outage.
18 July 2011
Amidst a surge in demand for cash, Japan's Mizuho Bank has been beset by computer problems that have knocked out its ATM network, Internet banking service and money transfer system.
17 March 2011
Investment management firms are raising their spend on technology and driving down salary levels for top staff as they shape their recovery from the 2008 financial crisis, according to a study by Advent Software.
25 January 2011
Credit Union Australia (CUA) has been forced to shut down its online banking service in the face of flooding and power disruption at its Brisbane headquarters.
12 January 2011
Over three quarters of small and medium sized financial services firms in Europe only back up their data once a day or less, according to research commissioned by vendor Acronis.
09 August 2010
The Monetary Authority of Singapore (MAS) has strongly criticised DBS and IBM over last month's seven-hour system-wide outage, ordering the bank to redesign its online and branch technology and reduce its reliance on Big Blue.
05 August 2010
An IBM employee has been fingered as the culprit behind a seven-hour system-wide outage that knocked out all consumer and business banking services and ATM and POS transactions at Singapore's DBS Bank on Monday.
14 July 2010
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