Banking on A Spy: GCHQ Chief to Fight Bank Cybercrime

140998334__789711c.jpg

Standard Chartered has appointed the former head of Britain's security and intelligence body GCHQ to its new financial crime committee as part of efforts to strengthen its cyber defense.
The Asia-focused bank said Iain Lobban would become a member and senior advisor to the committee responsible for matters including anti-money laundering, sanctions compliance and prevention of corruption.
Lobban was director of GCHQ, Britain's electronic intelligence gathering agency, from mid-2008 to late 2014.
Standard Chartered said cybersecurity had been at the heart of Lobban's role in recent year. Cyber criminals pose a rising threat to the public and private sector, and banks are being targeted by increasingly sophisticated criminals trying to steal money or client data, cause havoc in financial markets or score political points.
Standard Chartered said Lobban’s appointment is for a two-year renewable term. The Committee was announced in December as part of the bank's attempt to combat financial crime and improve conduct and compliance capabilities.
Standard Chartered announced the committee a day after U.S. authorities extended monitoring of the bank until the end of 2017, which follows the bank's $667 million fine in 2012 over violations related to U.S. sanctions on Iran and other countries.
Reuters: http://reut.rs/1KzJrRu

« US Is Still the Biggest Source of Surging Malware Attacks
US Defense Secretary Defines New Cybersecurity Strategy »

Infosecurity Europe
CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

NordLayer

NordLayer

NordLayer is an adaptive network access security solution for modern businesses — from the world’s most trusted cybersecurity brand, Nord Security. 

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

BackupVault

BackupVault

BackupVault is a leading provider of automatic cloud backup and critical data protection against ransomware, insider attacks and hackers for businesses and organisations worldwide.

Black Duck Software

Black Duck Software

Black Duck Hub allows organizations to manage open source code security as well as license compliance risks.

Gemserv

Gemserv

Gemserv is a specialist market design, governance and assurance services consultancy.

macmon secure

macmon secure

macmon secure develops network security software, focussing on Network Access Control.

Destel

Destel

Destel is a system integrator and provider of IT services focused on Advanced Network & Security Solutions.

Elliptic

Elliptic

Elliptic solve the crucial problem of identity in cryptocurrencies, with the sole purpose of combating suspicious and criminal activity.

SecureMe2

SecureMe2

SecureMe2 ‘s mission is to make organizations more responsive to digital threats by deploying smart technology in a highly accessible way.

Brimondo

Brimondo

At Brimondo we help you to maximize and protect your brand value by being a proactive and strategic partner within brand protection with experts within intellectual property and digital assets.

AlertSec

AlertSec

AlertSec Ensure is a U.S. patented technology that allows you to educate, verify and enforce encryption compliance of third-party devices.

CloudSEK

CloudSEK

CloudSEK has set its sights on building the world’s fastest and most reliable AI technology, that identifies and resolves digital threats.

PricewaterhouseCoopers (PwC)

PricewaterhouseCoopers (PwC)

PricewaterhouseCoopers is a multinational professional services network of firms headquartered in London, United Kingdom and operating in 157 countries.

Forever Group

Forever Group

Forever Group is a Managed Services Provider specialising in Telecommunications, IT Support, and Cyber Security.

SkyePoint Decisions

SkyePoint Decisions

SkyePoint Decisions is a leading Cybersecurity Architecture and Engineering, Critical Infrastructure and Operations, and Applications Development and Maintenance IT service provider.

Aware

Aware

Aware is the only comprehensive AI solution for governance, risk, compliance and insights for leading collaboration platforms.

Symmetry Systems

Symmetry Systems

Symmetry Systems is a provider of data store and object-level security (DSOS) solutions that give organizations visibility into, and unified access control of, their most valuable data assets.

Arctic Group

Arctic Group

Arctic Group is a Swedish service provider focusing on cybersecurity, integration services and deployment of software development tools.

FutureRange

FutureRange

Specialising in IT Managed Services, Cybersecurity and Digital Transformation, FutureRange experts provide professional IT services for clients throughout Ireland and beyond.