India's urban cooperative banks need to take a holistic approach to build a security governance structure, opt for an ASP services model and map their business-critical risks to comply with the RBI's security posture guidelines, according to a panel of experts.
It's not news that the digital economy is changing all the rules for IT, which has to deliver the infrastructure and apps that business stakeholders demand. And they have to do it fast without compromising security. That's why it so important to have a modern data center.
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To help ensure security as India moves to digital payments, enterprises need to educate their customers to help them understand potential risks and take the right precautions, says payments expert Navin Surya.
What will be the impact of the leak of investigatory documents from FinCEN - the U.S. Treasury Department's Financial Crimes Enforcement Network? For starters, experts warn that FinCEN reports may reveal sensitive information tied to banks and law enforcement agencies' investigatory tools and tactics.
The "zero trust" model can play a critical role in mitigating emerging threats. That's why Information Security Media Group will host on Aug. 4 a virtual cybersecurity summit for Southeast Asia on applying the model.
The "zero trust" model can play a critical role in mitigating emerging threats. That's why Information Security Media Group will host on July 27 a virtual cybersecurity summit for India on applying the model.
Addressing digital payment security challenges requires having good identity verification capabilities as well as a strong authentication process that's friction-free for consumers, says Singapore-based Gautam Aggarwal, senior vice president and regional chief technology officer, Asia Pacific, at Mastercard.
To battle against a surge in cybercrime during the COVID-19 pandemic, enterprises need to take several steps, including periodic vulnerability and risk assessment tests and regular audits, says Rajan Pant, founder of IT-SERT of Nepal. Pant also is calling on the government to take action.
During the COVID-19 pandemic, when so much of the workforce is working at home, companies need to make sure they conduct audits to ensure appropriate security procedures are in place, says Prasanna Bharatan, global head assurance and risk management at Wockhardt, a global pharmaceutical company.
Compliance audits are still important during the struggle to manage security during the COVID-19 pandemic, says Parag Kulkarni, CISO at Bajaj Finance (Auto Finance) , a financial services company, who explains why.
To deal with the problem of "shadow IT" during the COVID-19 pandemic, organizations should put in place redefined compliance and governance policies, take a multilayered security approach and adopt a security framework to prioritize risks, a panel of three experts advises.
Singapore's open banking effort has expanded the attack surface, and the only effective defense is to enhance threat intelligence sharing among banks, retailers and third parties, says Tom Wills, a Singapore-based cybersecurity practitioner who is a consultant for financial institutions.
Privileged access management is more critical as a result of the shift to telework during the COVID-19 pandemic and the ongoing movement of applications and data to the cloud, says Dr. Yask Sharma, CISO of a large national critical infrastructure organization in India, who outlines essential PAM components.
Supermarket giant Morrisons is not liable for a data breach caused by a rogue employee, Britain's Supreme Court has ruled, bringing to a close the long-running case - the first in the country to have been filed by data breach victims.
Zoom has apologized for sharing large sets of user data by default with Facebook, blaming the social network's software development kit, which it has removed from its iOS app. With COVID-19 driving unprecedented levels of remote working, video conferencing software is under the privacy and security microscope.