The Reserve Bank of India's new guidelines on interoperability of prepaid payment instruments will lead to better management of cybersecurity and security audits. But many questions are yet to be answered.
Step away from the social media single sign-on services, cybersecurity experts say, citing numerous privacy and security risks. Instead, they recommend that everyone use password managers to create unique and complex passwords for every site, service or app they use.
More evidence that running cybercrime schemes remains inexpensive and accessible to anyone with criminal intent: To send spam emails, admitted botnet herder Peter Levashov quoted customers $500 for 1 million emails. And that was just his 2016 pricing.
The latest edition of the ISMG Security Report features an analysis of a new Government Accountability Office report on the causes of last year's massive Equifax breach. Also: An update on the role of tokenization in protecting payments.
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.
In the wake of a growing number of mob lynchings often attributed to fake news spread via WhatsApp, the government is looking for an easy solution. But while some of what it's proposing makes sense, a plan to make messages more traceable would prove impractical.
With less than three months to go until the U.S. midterm elections, Alex Stamos, until recently Facebook's CSO, says there isn't time to properly safeguard this year's elections. But here's what he says can be done in time for 2020.
Cybercrime is a business and, like any business, it's driven by profit. But how can organizations make credential theft less profitable at every stage of the criminal value chain, and, in doing so, lower their risk?
Espionage: Every nation does it. But for nation-state hacking that targets intellectual property or interference in political affairs, the U.S. has been using criminal indictments against individuals as a diplomatic way of saying: "We see what you're doing, now knock it off." But does it work?
Sometimes efforts to prove a system is secure can really backfire. TRAI Chairman R.S. Sharma's attempt to demonstrate Aadhaar security by tweeting his Aadhaar number on Saturday and inviting anyone to attempt to use it to access his personal information reportedly led to data access by ethical hackers.
The fight against fraud in a cashless economy requires investments in technologies that can offer early warning signals, says Bharat Panchal, senior vice president and head of risk management at National Payment Corporation of India.
The Reserve Bank of India issued a notice to all cooperative banks advising them to apply caution while deploying third-party core banking applications and check for appropriate security standards. The move came after credential theft incidents at some banks. But will banks heed the advice?
Magecart, the criminal group behind the recent data breach at certain Ticketmaster websites, may have also hit the company's sites in Australia, New Zealand, Turkey and Hungary, according to RiskIQ, which says the group's digital payment card skimmers may also affect as many as 800 other e-commerce sites.