Mexican officials are investigating a series of technical glitches that may have been a prelude to a large cyberattack affecting at least five banks, according to news reports. While the full scope of the incidents remains unclear, up to $20 million may have been stolen.
Payments are getting faster, and so is payments fraud. A robust fraud management strategy focusing on strong authentication, customer education and scalable responses can be instrumental in minimizing payment fraud risk.
A remote code execution vulnerability revealed in late March in the Drupal content management system is now being used on a large scale for mining the virtual currency monero, a researcher says. At least 400 websites have been infected, and the total number is likely far higher, security experts warn.
What matters most, right now, to the information security community? At RSA 2018, RSA's president said WannaCry was a wakeup call for vulnerability and risk management. Other experts see artificial intelligence, machine learning and secure coding as hot trends.
You know that you've got a problem to solve but how will you address it? More importantly, who will help you address it? This is the crux of the build versus buy debate that companies are currently having with themselves.
While building and buying both have their merits, they also have costs which should be...
Jan Koum, WhatsApp's co-founder, is leaving Facebook. His departure marks another exit of a high-level privacy and security advocate. If Facebook continues to lose those who could better influence the social networking site's worrying views toward user data, what does that mean for the rest of us?
Great news: "SunTrust to offer free identity protection ... at no cost on an ongoing basis." Of course, nothing comes for free, at least for 1.5 million customers of the Atlanta bank, whose personal details may have been sold to criminals by a former employee.
Thirty-four companies have signed on to the Microsoft-led Cybersecurity Tech Accord, which is aimed at protecting civilians from cybercriminal and state-sponsored attacks. The agreement crucially includes a pledge not to help governments with cyberattacks
The Reserve Bank of India is requiring that payment system operators store all their data domestically. Many security practitioners and payment companies in India have lauded the move, stating that the mandate could lead to quicker resolution of breach cases.
Leading the latest edition of the ISMG Security Report: Assessing cryptocurrencies' role in the latest ransomware and malware attacks. Plus: Facebook's revised estimate on account details accessed by Cambridge Analytica.
The Secure Payments Task Force was established by the Federal Reserve Bank in 2015 in part to determine areas of focus and priorities for future action. Jim Cunha, a member of that task force, talks discusses how to advance payment system safety, fight fraud and ensure resiliency.