To help financial institutions better spot attempted fraud, the SWIFT interbank messaging network plans to begin offering voluntary "daily validation reports" to customers to flag unexpected senders, recipients or payments as well as unusually large payments.
The handling of a recent data breach - the details of which are still unfolding - by Oakland, Calif.-based web services company Regpack provides a look into how the discovery and disclosure of a breach can turn into a real train wreck.
At a time when India needs its leaders to spell out practical new ways to address its evolving cybersecurity challenges, Ravi Shankar Prasad, minister of IT and law, unfortunately chose to mainly rehash ongoing efforts in a recent presentation. What should be on the to-do list?
Chipmaker Intel will spin out its Intel Security unit - once again named McAfee - with a value that's markedly lower than what it paid. Meanwhile, long-gone founder John McAfee is suing for the right to launch a new security company bearing his name.
The need for an adaptive security approach, the shift from breach prevention to detection and a surge in spending on information security were some of the key themes at the recent Gartner Security & Risk Management Summit in Mumbai.
Kimpton Hotels & Restaurants is warning that all 62 of its hotels suffered a POS malware infection this year that resulted in the compromise of cardholder data. So far it's unclear if the attack relates to breaches of Oracle MICROS or other POS vendors.
Two hotel chains - Millennium and Noble House - are warning that they've suffered point-of-sale malware infections that compromised customers' payment card data. Both say they were alerted to related card fraud by the U.S. Secret Service. Could the breaches be tied to the Oracle MICROS breach?
Indian organisations are easy prey for Pakistani hackers who are defacing their websites and sometimes also blocking transactions. But law enforcement is finding it challenging to crack down on foreign hackers because of uncertainty over which Indian laws apply.
A Reuters report claiming executives at SWIFT for years neglected the security of its messaging system has stirred debate among security and anti-fraud experts. Who should take the lead role for security of bank-to-bank transactions - SWIFT or its member banks?
Retailer Eddie Bauer is warning customers that their payment card data may have been compromised by point-of-sale malware during a six-month attack. The warning follows HEI Hotels & Resorts disclosing a 15-month malware attack affecting 20 locations.
Vikrant Arora, CISO of NYC Health & Hospitals, offers the four most important questions a board must ask the CISO to get a good understanding of how the organization is addressing top cybersecurity concerns.
Is the recent breach at HEI Hotels & Resorts linked to the hack of POS systems provider MICROS? And have other POS vendors been breached as well? Security experts offer their analysis and size up vendor vulnerabilities.
It's easy to look at the payments landscape and see only the flaws. But payment card security has come a long way in the past 10 years, thanks in large part to the PCI Data Security Standard. How will card security be refined in the coming decade?
Colin McKinty of security firm BAE Systems - hired by SWIFT in the wake of the $81 million heist from the Bank of Bangladesh - explains why BAE now believes the malware used in the SWIFT-related attacks is not unique.