The Reserve Bank of India has decided to allow all banks to use remote video-based "know your customer" authentication for onboarding new clients. But some observers say many Indian banks may prove reluctant to use video KYC because they lack the necessary technology and new customers lack smartphones.
The latest edition of the ISMG Security Report discusses why Britain is struggling to determine whether to use China's Huawei technology in developing its 5G networks. Plus: An update on a mobile app exposing infant photos and videos online and an analyst's take on the future of deception technology.
One of biggest challenges of complying with Thailand's Personal Data Protection Act, which will go into effect in May, is managing the consent of customers, says Surachai Chatchalermpun, CISO with Krung Thai Bank, the nation's largest state bank.
A federal judge in Atlanta has given final approval to a settlement that resolves a class action lawsuit against credit bureau Equifax, which in 2017 suffered one of the largest data breaches in history. The minimum cost to Equifax will be $1.38 billion.
U.S. Attorney General William Barr is ratcheting up the pressure on Apple to unlock two iPhones belonging to a Saudi national who carried out a deadly shooting in December. The attorney general is labeling the shooting as an act of terrorism and says Apple is hampering a counterterrorism investigation.
Corporate network security breaches, which can prove costly to remediate and expose a company to lawsuits, are frequently the result of vulnerabilities that could have been fixed for a relatively low cost. A a brute force penetration test is a critical first step in finding those vulnerabilities.
Six months after Facebook agreed to a landmark privacy settlement with the U.S. Federal Trade Commission that resulted in a $5 billion fine, a federal judge is still considering objections from advocacy groups that claim the deal doesn't go far enough.
The FBI has sent a letter to Apple asking for help in accessing encrypted data from two iPhones belonging to a deceased shooter. The bureau's move may be a prelude to another legal fight between the FBI and Apple over strong encryption.
Although the government's latest revised draft of India's proposed data protection bill is drawing harsh criticism, the nation will eventually adopt a measure that adequately addresses privacy issues and evolves over time, predicts Maninder Bharadwaj, partner, risk advisory, at Deloitte.
Not even George Orwell could have predicted nation-state surveillance in the 21st century. Give us free instant messaging for our smartphones, and faster than you can say "viral kitten video," we're collectively part of a mass surveillance nightmare. Case in point: The ToTok social messaging app.
In a video interview, Justice B.N. Srikrishna, chairman of India's Data Protection Committee, explains why he's disappointed with the revised draft of a data protection bill, which he says diluted most of the provisions that the committee had proposed.
"Data sovereignty is required for the growth of the country, and as data is the new oil, we would like to preserve it appropriately and in a secure manner within the country, which can be used for the betterment of the country," says Bharat Pancha of FIS Global, in support of data localization in India.
While Congress is unlikely to pass major new national cybersecurity legislation in an election year, federal regulators and state attorneys general will be busy addressing evolving health data privacy and security issues in 2020, predicts attorney Marcus Christian of the law firm Mayer Brown.
"I don't think most organizations are prepared for the personal data protection and privacy bill that has been approved by the cabinet, as most people still confuse privacy and security and think that it is just an add-on to security," says Privacy Expert, Shivangi Nadkarni, CEO, Arrka Consulting.
While CCPA has drawn the biggest headlines when it comes to new U.S. privacy laws, businesses and consumers should also take notice of New York's SHIELD Act, which goes into effect in March 2020. The law is expected to have impact on Wall Street firms and other financial institutions headquartered in the state.
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