Singapore is world's No 1 target for banking trojans: Kaspersky

From DNA –

“Singapore ranks as the top country globally for Kaspersky Lab users being attacked by banking trojans in the second quarter of 2015, the security software company said.

According to a study done recently, 496 Kaspersky Lab users in the city-state had sustained such attacks during that period.

In the second quarter of 2015, Kaspersky Lab solutions had deflected attempts to launch malware capable of stealing money via online banking on the computers of 755,642 users globally.

This is a decrease of 18.7% compared to 735,428 in the previous quarter, the company said in a statement.

Switzerland, Brazil and Australia were next in line in the list of top countries respectively. Hong Kong emerged as the fifth country in the list and also as the only other country in the Asia Pacific region.”

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HSBC to Cut About 50,000 Jobs in Major Overhaul of Global Business

From The New York Times -

“The British bank HSBC, in a major revamping of its global strategy, said on Tuesday that it would shed as many as 50,000 jobs as it sells several underperforming businesses, reduces the size of its global investment banking business and aims to cut billions of dollars in costs.

The bank said it would eliminate 22,000 to 25,000 full-time jobs, or about 10 percent of its work force, through restructuring by the end of 2017. It also plans to reduce its head count by an additional 25,000 positions through the sale of its underperforming businesses in Turkey and Brazil.

HSBC said that it would increase its investment in Asia, where it generates more than half of its earnings, while it seeks to cut costs by up to $5 billion annually within two years. The bank said it would complete a review of whether to move its headquarters from Britain by the end of the year.”

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