The risk of cyberattacks on financial institutions (FIs) cannot be overstated. In the past year, there have been more than one billion cyberattacks on financial institutions. That is three hundred times more than any other industry, such as retail, insurance, or healthcare. At an average cost of $18 million dollars...
As part of its ongoing push toward cashless payments, India is taking steps to ramp up the use of contactless payments, which are already becoming more common in Japan, South Korea, Australia, the U.K. and the U.S. What can be done to balance security vs. convenience?
Australian security expert Troy Hunt says an 87 GB compilation of username and password combinations - drawn from more than 2,000 databases - includes 773 million unique email addresses for apparent use in credential-stuffing attacks. Takeaway: Use a unique password for every site, or else.
Enterprise use of artificial intelligence, including machine learning, is
taking off. Early adopters report widespread substantial benefits and
a few challenges.
Download this infographic to learn more about the top and bottom-line benefits from AI and ML.
Passwords are a pain. We all aim to protect both our customers and brand, however, passwords are weak, hard to remember and easy to hack. As organizations try to strengthen password policy requirements, legitimate customers fail and abandon into more costly channels like the call center. This cumbersome experience...
Customer lifecyle data management can play an important role in cracking down on fraud tied to the growth in real-time P2P payments, says David Barnhardt of the security firm GIACT.
German officials say the suspect behind the mega-leak of politicians' and celebrities' personal details exploited their weak passwords to access email, social media and cloud service accounts. What can the security industry do to help address the password problem?
Despite increased use of two-factor authentication, single sign-on, and biometrics, passwords are still the most common form of authentication. However, when a significant percentage of breaches are caused by weak, stolen, or reused passwords, it's clear passwords pose significant risks that can't be...
Despite increased use of two-factor authentication and biometrics, passwords are still the most common form of authentication. However, when most breaches are caused by weak, stolen, or reused passwords, it's clear passwords pose significant risks that can't be ignored.
From potential security breaches to increased...
Although the Reserve Bank of India mandated that banks complete the shift from magnetic stripe debit and credit cards to EMV chip-and-PIN cards by Jan. 1 to help reduce fraud, there's still plenty of work to be done.
German police arrested a 20-year-old student - living at home with his parents - who they say confessed to leaking contact details and sensitive information for an estimated 1,000 German celebrities, journalists and politicians, including Chancellor Angela Merkel.
Account takeover is a rapidly growing arena for
cybercriminals. How can organizations strengthen
both authentication and authorization?
Download this white paper to learn more about:
Why account takeover fraud is a growing and strengthening problem;
How organizations can strengthen authentication and...
Hardware authentication and user behavior analytics are among top promising security technologies that Michael Prakhye, CISO at Adventist HealthCare, will closely examine in the year ahead.
The latest version of the NIST Cybersecurity Framework - Version 1.1 - includes more information on supply chain risk management, authentication, authorization, identity proofing and self-assessing cybersecurity risk management, says Matthew Barrett of the National Institute of Standards and Technology.
The financial services industry is in the midst of sweeping change. Earlier this year, we saw one of the latest shifts with the introduction of the European Union's revised Payment Services Directive (PSD2). PSD2's Strong Customer Authentication (SCA) section requires two factors for authentication.
Financial...
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