An ultra-secure operating system called seL4 developed by researchers in Australia aims to make critical systems impenetrable to hackers. How does it work, and what do the tests on a drone reveal?
A suspected breach of credit card and personal data from a train ticket booking system has turned out to be simply an irregularity in a database, says the transport agency for the Australia state of News South Wales.
Security is moving fast, but is still playing a catch-up game with technology. In this scenario, age-old paradigms need to be revised to remain relevant, says Oracle's security lead for APAC, Chris Pickett
In this special edition of the ISMG Security Report, a panel of top cybersecurity thought leaders analyzes the value of the Obama administration's cybersecurity framework and its long-term impact.
Asking how many different technologies consumers will tolerate when it comes to paying for their goods and services is a bit like asking how many more superheroes moviegoers will countenance in the latest "Avengers" film.
Is SWIFT now playing good cop/bad cop? While it initially promised to not police the financial services industry, it's now considering training auditors and suspending banks found to have poor information security practices.
Russian police have arrested 50 people in connection with an investigation into a hacker group suspected of unleashing a five-year series of malware-enabled hack attacks on major Russian financial institutions and stealing $25 million.
A House committee is seeking answers from the Federal Reserve Bank of New York about the $81 million theft from the central bank of Bangladesh and its implications for U.S. financial services firms.
Nandkumar Saravade, DSCI's chief, has been named CEO of Reserve Bank of India's new IT subsidiary. Security leaders set expectations for the new role and suggest important areas that need immediate attention.
A federal judge has cleared the way for a class-action lawsuit filed by card issuers against Home Depot over the retailer's massive 2014 payments breach to proceed. In making the ruling, the judge noted that the banks' allegations regarding the retailer's security negligence appear to have merit.
Australia has pledged to spend AU$230 million over the next four years to bolster the country's cybersecurity stance. But two academics argue Australia isn't spending enough compared to the U.S. and U.K. and remains dangerously underprepared.
Since the theft of $81 million from the central bank of Bangladesh came to light in February, investigators have continued to probe similar SWIFT-related attacks against four other financial services firms, dating back to at least 2013.
MySpace has confirmed it is resetting millions of accounts affected by the release of 360 million usernames, email addresses and passwords. According to one expert, more of these types of big breach announcements may be coming.
IBM's Vaidyanathan Iyer says security practitioners need new tactics to bridge the skills gap and fight emerging threats. He suggests the use of analytics and machine learning would easily help fill the gap in detecting threats.
Before moving to faster payments, U.S. banks should scrutinize the security gaps exploited in the SWIFT-related bank heists and build effective risk-mitigation strategies that include stronger layers of authentication, financial fraud experts say.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing inforisktoday.asia, you agree to our use of cookies.