The theft of information linked to 80 million South Korean credit cards, including salaries, monthly card usage, credit rating and card numbers, has sparked widespread public concern, as cardholders rush to bank branches and overload call centers and service websites to see if their information as stolen.

The Cisco 2014 Annual Security Report reveals that threats designed to take advantage of users’ trust in systems, applications and personal networks have reached startling levels.

Nearly half of financial frauds being uncovered involve criminals trying to use someone else’s stolen personal details, Experian warns. The credit checking company says that identity theft is a “significant and rising threat,” accounting for 46 percent of financial frauds detected this year – that’s almost double the rate of cases seen in 2012 (27 percent).

The U.S. government is expanding a cybersecurity program that includes big banks, utilities and key transportation companies having emails and Web surfing scanned.

Cyberattackers have attacked South Korean banks and broadcasters, infecting networks with a malicious program that slowed or shut systems down.

FBI officials have arrested 13 people on charges that they participated in gang activity that exploited a loophole in the cash-advance kiosks to steal more than $1 million.

Corporations are taking an average of seven months to detect system breaches, says a Verizon report.

The 2012 Security 500 Report will be released on November 1, 2012.

Jessica Harper, 50, was sentenced to two-and-a-half years in jail after submitting false invoices for more than 2.4 million pounds from 2007 to 2011. 

Danske Bank Group, Denmark’s largest financial institution and a top-100 world bank, has selected the March Networks’ video management software and hybrid recorders for advanced security at its corporate facilities in Copenhagen.