The Reserve Bank of India has decided to allow all banks to use remote video-based "know your customer" authentication for onboarding new clients. But some observers say many Indian banks may prove reluctant to use video KYC because they lack the necessary technology and new customers lack smartphones.
One of biggest challenges of complying with Thailand's Personal Data Protection Act, which will go into effect in May, is managing the consent of customers, says Surachai Chatchalermpun, CISO with Krung Thai Bank, the nation's largest state bank.
The FBI has sent a letter to Apple asking for help in accessing encrypted data from two iPhones belonging to a deceased shooter. The bureau's move may be a prelude to another legal fight between the FBI and Apple over strong encryption.
"I don't think most organizations are prepared for the personal data protection and privacy bill that has been approved by the cabinet, as most people still confuse privacy and security and think that it is just an add-on to security," says Privacy Expert, Shivangi Nadkarni, CEO, Arrka Consulting.
How do hospitals' efforts to bolster information security in the aftermath of data breaches potentially affect patient outcomes? Professor Eric Johnson of Vanderbilt University discusses research that shows a worrisome relationship between breach remediation and the delivery of timely patient care.
The personal data of about 120,000 Singapore defense personnel is reportedly compromised through email phishing attacks against two security vendors, according to a statement by the Ministry of Defense.
For two years, an attack group using Ukraine-based infrastructure has been creating hundreds of lookalike domains to target customers of 14 different Canadian banks via phishing attacks, security researchers at Check Point warn.
Healthcare organizations must carefully vet their medical device suppliers to scrutinize how they're handling the security of legacy products and the lifecycle design of new devices, says consultant Kim Hirsch of Fusion Risk Management.
Starting Jan. 1, State Bank of India will no longer accept magnetic stripe debit card transactions and will accept only EMV chip-based cards in compliance with an RBI mandate, which is designed to help prevent card fraud, including skimming and cloning.
The only constant for financial services institutions is change. Regulations are constantly shifting, along with customer expectations, competition, security threats, geopolitical trends or just, technology.
Financial services organizations need to reimagine existing data analytics strategies to capitalize on the...
Introducing Splunk's case studies of each company so that they can improve their business and gain operational and security insights from the massive machine data generated from AWS and hybrid environments.
There is a need to continuously monitor cloud infrastructure performance, usage, security, and availability....
The notorious Joker's Stash carder marketplace has recently listed for sale 460,000 records, including four "Turkey-Mix" batches that feature never-before-seen payment card data that traces to Turkey's 10 largest banks, says cybersecurity firm Group-IB.
Internet crime has grown so rapidly that law enforcement is outpaced. Here's the story of how a Manhattan doctor lost $200,000 in an internet scam, and why he's struggling to get law enforcement's attention.
Two Russian men have been charged with stealing more than $100 million from banks around the world using the notorious Dridex malware, according to an unsealed U.S. indictment that caps off a decade-long investigation led by American and British law enforcement agencies.