The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.
SentinelOne is taking a marketing gamble by offering to reimburse customers who suffer a ransomware infection if the security firm can't remediate affected systems. But let's take a close look at what's actually on offer.
The Petya ransomware gang says it released 3,500 crypto keys that it stole - along with source code - from rival Chimera ransomware developers. If the keys are legitimate, security firms say they can build decryption tools for Chimera victims.
An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to safeguard interbank SWIFT payments. Here's how security experts say interbank transaction security must be improved.
As Democrats gather in Philadelphia to nominate Hillary Clinton for president, it's a good time to examine the former secretary of state's positions on cybersecurity and online privacy. Here's where she stands.
MacKeeper failed to alert customers earlier this year that for at least four weeks, its anti-virus software wasn't receiving regular signature updates. Industry experts say any such delay is unacceptable for an AV vendor.
The GOP platform - adopted at the convention that nominated Donald Trump for president - doesn't mention the term 'hack back' but states: "We ... make clear that users have a self-defense right to deal with hackers as they see fit." Some cybersecurity experts claim the platform encourages "cowboy" justice.
The Reserve Bank of India is forming an expert committee to study the merits of using blockchain - the distributed ledger technology that supports cryptocurrencies - to help support a shift to more cashless transactions. Experts weigh in on whether the blockchain might be useful.
There's often a dangerous trade-off made between convenience and security. That's illustrated no better than by a recent issue patched by Microsoft. It's an attack so devilishly smooth that it's a wonder hackers had not figured it out before.
A recent interview about Hillary Clinton's email server controversy drew numerous comments, with respondents divided over whether users will devise ways to circumvent systems safeguards to do their jobs more effectively. Join the conversation.
How low will ransomware go? New malware - dubbed Ranscam - demands bitcoins to unlock files, but in reality they've already been deleted, researchers warn. As always when it comes to defending against ransomware, preparation pays.
Omni Hotels & Resorts is warning customers that for six months, hackers infiltrated its networks and used point-of-sale malware to steal payment card data. One security expert says more than 50,000 stolen cards have been sold by a hacker called JokerStash.
The release this week by the PCI Security Standards Council of a new PCI compliance resource for small merchants is being lauded by the banking and payments community. But how effective will the resource be at actually convincing merchants to move forward with PCI compliance?
Interbank messaging service SWIFT will begin collecting and sharing anonymized attack information and offering incident-response services - backed by Fox-IT and BAE Systems - to help hacked banks. But will financial institutions buy in?