Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
Takeaway from the U.K.'s GDPR privacy fine against hotel giant Marriott: During M&A, review an organization's cybersecurity posture before finalizing any acquisition. Because once a deal closes, you're fully responsible for data security - IT network warts and all.
In an effort to ramp up the fight against fraud, the Reserve Bank of India next year will launch a "Positive Pay" system of verifying information about checks with a value at $700 or more. Bank CISOs face the big task of securing the huge new flow of data.
Message to anyone who placed or fulfilled an order via the world's largest darknet market, Empire, in recent weeks: Say bye-bye to your cryptocurrency. It's increasingly clear that Empire's administrators "exit scammed," closing up shop and leaving with a horde of digital currency.
Who watches the penetration-testing testers? Questions are circulating over how some organizations train their employees for the CREST pen-testing certification after some leaked internal documents appeared to contain material from past tests.
An audit from the U.S. Energy Department's Inspector General finds that the agency is prone to making the same cybersecurity mistakes year-after-year. This includes exposing critical infrastructure, including nuclear facilities, to outside hacking and attacks.
The Indian government is putting pressure on WhatsApp to develop a mechanism to trace the origins of fake messages that threaten the nation's security. Will WhatsApp take action? And what do security experts say about the feasibility?
Indian hackers recently defaced more than 200 Pakistani websites, apparently in retaliation for a suicide bomber, allegedly from Pakistan, killing 40 Indian soldiers on Feb. 14. Now the Indian hacking community must work with the government to prepare for a possible retaliatory cyberattack from Pakistan.
The issue of access management and vulnerable software applications has come back to haunt the Unique Identification Authority of India which manages the Aadhaar database containing biometrics and personal information of over 1 billion Indians.
European Parliamentarians finally had their opportunity on Tuesday to ask Facebook CEO Mark Zuckerberg questions about its data handling and privacy practices. But the session, which lasted roughly 90 minutes, turned into a somewhat frustrating flop.
GDPR compliance. New uses for blockchain. IoT security. These are some of the hottest topics on tap at the 2018 RSA Conference, taking place April 16-20 in San Francisco.
Blockchain technology already underpins the boom in cryptocurrencies, but it is also being rigorously tested and developed for other applications, including identity and access management. Such projects could make personal data easier to secure and less vulnerable to data breaches.
Move over Equifax. There's a massive new data breach notification in town. And Uber is still struggling to come clean about why it waited for one year to notify data breach victims and regulators.
Security practitioners in India need to have a better perception of threats and risks to build successful detection and defense strategies. That was one of the key lessons offered at ISMG's Fraud & Breach Prevention Summit in Bengaluru June 7.
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