The EU's General Data Protection Regulation, which will be enforced beginning May 25, has significant implications for how financial institutions worldwide handle customer data, says Brett King, CEO of Moven, an all-digital bank, who sizes up the challenges.
If you're paying attention, you've probably already seen a handful of GDPR-related headlines just today, let alone in the last week or month. But there are two good reasons for the deluge of GDPR discussion right now: It's incredibly important and the time to act is now.
Leading the latest edition of the ISMG Security Report: Years of massive data breaches have fueled an increase in synthetic identity fraud, in which fraudsters combine real and bogus details to create more effective fake identities. Plus, has "The Dark Overlord" hacking group finally met its match?
A security breach is always a sensitive topic - but especially so during a merger or acquisition. Ofer Israeli, CEO of Illusive Networks, discusses how deception technology can help prevent disruption by a cyberattack during M&A activity.
The noose appears to be tightening around the Dark Overlord, a group of international hackers who have stolen and held for ransom sensitive information from dozens of companies, healthcare organizations and U.S. public schools. Serbian police say they've arrested a suspect in cooperation with the FBI and U.K....
A former CIA software engineer who is facing child pornography charges is a possible suspect in the largest-ever leak of classified information from the spy agency. While Joshua A. Schulte has not been charged with the leak, prosecutors have indicated they will soon indict him.
The Trump administration has eliminated the top cybersecurity coordinator role in the White House. The decision has earned a sharp rebuke from lawmakers and former government officials, who say cybersecurity demands a greater - not lesser - prominence in the federal government.
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.
Speech recognition software vendor Nuance Communications says an unauthorized third party accessed one of its medical transcription platforms, exposing records for 45,000 people. The company has blamed the breach on a former employee, who accessed personal data from several of Nuance's clients.
European computer security researchers say they have discovered vulnerabilities that relate to two techniques used to encrypt emails: PGP and S/MIME. Security experts recommend all PGP users immediately delete or disable their PGP tools, pending a full fix.
Credit card losses due to synthetic identity fraud exceeded $800 million in the U.S. last year, says Julie Conroy of Aite Group, who analyzes the evolving threat and offers mitigation insights.
Chili's Grill & Bar is warning customers that an unknown number of payment cards were compromised at an unknown number of corporate-owned locations earlier this year for a period of time it suspects lasted two months. Should Chili's have waited to alert customers until it had more information?
A bipartisan group of U.S. lawmakers has reintroduced legislation in the House that would stop the government from forcing software vendors to intentionally weaken their products for surveillance purposes. Two prior attempts to enact the legislation in Congress have failed.
DDoS attacks are morphing from being political statements to a diversion while other forms of attacks are occurring, says Arbor Network's Mike Boose, who describes new threat vectors and best practices for mitigation.
Adequately tracking the nonstop arrival and departure of officials in the Trump White House might require real-time, multidimensional flowcharts. But one thing is clear: The White House is facing a looming cybersecurity knowledge and expertise deficit, and that deficit may soon get worse.
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