When taking steps to guard against fraudulent transactions through contactless payments, organizations must carefully balance the level of security versus customer convenience, says Sriram Natarajan, COO at Quatrro.
The STIX and TAXII standards for threat intel interchange have undergone a major upgrade to v2.0. LookingGlass CTO Allan Thomson, who's been closely involved in its development, describes the role of these enhanced standards.
The FBI warns that cybercriminals are planning a large-scale operation aimed at emptying ATMs, a type of attack that has caused swift and costly losses for financial institutions. The attack may utilize data from a breach of an unknown card issuer, the FBI says.
But before India enacts a domestic data storage mandate, all the cost implications must be carefully considered. Legislators must study whether the benefits justify the hefty costs involved.
As the HIPAA security rule turns 20, it's time for regulators to make updates reflecting the changing cyberthreat landscape and technological evolution that's happened over the past two decades, says security expert Tom Walsh.
The EU's General Data Protection Regulation has significantly raised privacy awareness worldwide in the brief time that it's been in force, says Rob Hinson of OneTrust. Organizations are revamping both internal and external privacy programs to meet the minimum global standard, he says.
Hubris has a new name: Bitfi. The cryptocurrency wallet-building company, backed by technology eccentric John McAfee, earned this year's not-so-coveted Pwnies Award for "Lamest Vendor Response" for how it mishandled security researchers' vulnerability disclosures. Bitfi has promised to do better.
UIDAI again found itself embroiled in a controversy when it was revealed that its helpline was being automatically added in the contact lists of mobile phones. But Google acknowledged that its coding error led to the mishap. Why was Google involved in getting a phone number for UIDAI preloaded on phones?
Cloud-based CRM giant Salesforce.com is warning some of its Marketing Cloud users that any data they stored may have been accessed by third parties or inadvertently corrupted because of an API error that persisted for six weeks.
UIDAI, which administers the Aadhaar program, has some simple advice: Avoid behaviors such as what R.S. Sharma, chairman of the Telecom Regulatory Authority in India, did on Saturday, when he tweeted his Aadhaar number.
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.
In the wake of the Facebook/Cambridge Analytica scandal, India needs a strong data sovereignty policy to regulate data storage and use, says Vinit Goenka, governing council member of IT Task Force-Ministry of Railways.
The Ministry of Electronics and Information Technology late Friday released the long-awaited draft of a data protection bill, which now faces Parliamentary debate. The bill, which would require most data about Indians to be stored domestically, was drafted by a committee of experts headed by Justice B.N. Srikrishna.
Facebook is making substantial investments to improve its data security and privacy practices. But the long-term cost of those investments and impact on the bottom line has spooked investors, leading to a $120 billion loss in market value on Thursday, the largest one-day loss of value for a U.S. traded company.
Under the EU's General Data Protection Regulation, within 72 hours of an organization learning about the data breach, it must report the breach to relevant authorities or face fines. The U.K.'s data privacy watchdog says it's already seen the volume of self-reported breaches quadruple.
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