Government regulation of IT security poses challenges for bank security teams, a leading Australian bank IT security expert has claimed.

An international gang of cyber thieves stole $45 million using bank ATMs in a heist spread across 27 countries.

Domain name registrar and web hosting company Name.com has been hit by a security breach.

A proposed new law, the Deter Cyber Theft Act, would help defend U.S. companies against data theft and computer espionage by foreign interests, a bipartisan group of senators said this week.

A “watering hole” attack on pages within the U.S. Department of Labor site exploited a “zero-day” vulnerability in Internet Explorer 8 to deliver malware to visitors, according to reports.

The Chinese government and military are behind large numbers of cyberespionage attacks directed at U.S. government computer systems, according to a Pentagon report released this week.

Celebrity news service E! Online became the latest high-profile media Twitter account to fall victim to hackers, with a series of false Tweets that began with a claim that Justin Bieber was gay.

Wireless carriers Verizon, AT&T, Sprint and T-Mobile are putting customers at risk by failing to fix well-known security vulnerabilities on Android phones, according to the American Civil Liberties Union (ACLU).

Daily deals site LivingSocial has become the latest high-profile site to fall victim to hackers, after an attack accessed information for 50 million accounts last week.

Adrian Price, Head of Information Security at Britain’s Ministry of Defence, suggested that governments should devote 20% of their budget to protecting the nation’s data – a sum worth billions more than that currently allocated in countries such as the UK itself.