Security technology innovations entering the market are getting attached as features to an infrastructure that is fundamentally broken and an enforcement model that cannot operate in real time, says Matthew Moynahan, CEO at Forcepoint.
U.S. prosecutors have accused a 34-year-old North Korean man of involvement in some of the most destructive and profitable cyberattacks ever seen, including the WannaCry ransomware outbreak, the Sony Pictures Entertainment breach and the theft of $81 million from Bangladesh Bank.
British Airways is warning customers that it suffered a hack attack that compromised up to 380,000 customers' payment cards as well as personal data over a 15-day period. The airline says it was alerted to the breach by a business partner that monitors its websites.
To transparently identify legitimate users in digital channels, organizations need strong digital identity risk assessment capabilities that examine each user's digital patterns and can more accurately detect potential bad actors, says IBM's Matt Konwiser.
All organizations should ensure that they are using the most appropriate tools, technologies, practices and procedures to safeguard their information against today's top threats, says Check Point's Avi Rembaum.
Canada, which has a head start on the adoption of digital payments, has learned some valuable security lessons that could be beneficial to the U.S., says Gord Jamieson of Visa. He'll be a featured speaker at ISMG's Fraud & Breach Prevention Summit: Toronto, to be held Sept. 11-12.
The latest edition of the ISMG Security Report features Barbara Simons, co-author of the book "Broken Ballots," discussing why she believes it's a "national disgrace" that some states are relying on computer voting with no provision for recounts. Also: Update on breach lawsuit against Premera Blue Cross.
Unknown attackers are intercepting every piece of data handled by more than 7,500 routers made by MikroTik, while also using another 239,000 compromised routers to serve as proxies, researchers say. It's a continuation of a wave of attacks that exploit a vulnerability patched by MikroTik in April.
The Reserve Bank of India, the nation's central bank, is launching a number of efforts to help bolster the cybersecurity of banks. Those include encouraging banks to use access control management and install security operations centers. But critics say the measures aren't bold enough and offer other suggestions.
A recent incident involving a chronic care management company spotlights how paying a ransom to recover decryption keys from ransomware attackers can put sensitive data at additional risk. Security experts offer insights on how to prepare for the many challenges posed by attacks.
Plaintiffs in a class action suit against Premera Blue Cross allege the company willfully destroyed a computer that may have shown that attackers actually removed data from its systems during a 2014 intrusion. Premera contends the computer, dubbed A23567-D, was "unintentionally" tagged end of life and destroyed.
The EU's General Data Protection Regulation, which has tough breach notification requirements, is spurring global interest in technologies to help prevent insider breaches, says Tony Pepper of Egress Software Technologies.
Nearly one-third of U.S. banking consumers use online and mobile fintech apps to help manage their money. But those users are concerned about data privacy and want more control over the financial data their apps can access, says David Fortney of The Clearing House, who reviews the results of a survey.