The Reserve Bank of India intends to do away with the one-time password authentication process for online transactions. In a step in that direction, for the first time, it's allowing widespread tokenization of debit, credit and prepaid card transactions to enhance the safety of digital payments.
In a case of business email compromise, Chinese hackers stole $18.6 million from the Indian arm of Tecnimont SpA, an Italian engineering company, through an elaborate cyber fraud scheme that included impersonating the firm's chief executive.
The Trump administration has launched a public awareness campaign, spearheaded by the National Counterintelligence and Security Center, urging the U.S. private sector to better defend itself against nation-state hackers and others who may be trying to steal their sensitive data or wage supply chain attacks.
Personal information for 1,000 North Korean defectors, including their names and addresses, has been stolen via a malware attack, officials in South Korea warn. They've traced the leak to a malware infection at a refugee resettlement center, and say police continue to investigate.
In the wake of Equifax and other major breaches, sophisticated fraudsters are finding success as never before. Al Pascual of Javelin Strategy and Research discusses how identity impersonation is manifesting.
Leading the latest edition of the ISMG Security Report: Microsoft's Joram Borenstein highlights his top three areas of focus for 2019. Plus, Randy Vanderhoof of the US Payments Forum on securing card transactions in the coming year.
For the past three years, hackers have been intercepting sensitive diplomatic cables sent between EU member states after stealing passwords for accessing the EU network via a phishing attack against diplomats in Cyprus, The New York Times reports.
Thousands of emails from four senior aides within the National Republican Congressional Committee were exposed after their accounts were compromised for several months earlier this year, Politico reports. Few details have been released about the incident, which was investigated by Crowdstrike.
Because phishing attacks are so pervasive, aggressive staff educational efforts are essential, says Richard Conti of The Children's Hospital of Philadelphia, who also discusses other risk mitigation steps.
Amazon has blamed a technical error for its inadvertent exposure of some customers' names and email addresses online. The online retailing giant maintains that its systems were not breached. It says it's sent an email notification to all affected customers and that the problem has been fixed.
What security steps does India need to take as it continues its shift to digital payments? Nitin Bhatnagar, the new associate director for India for the PCI Security Standards Council, offers insights.
Want to better block business email compromise - CEO fraud - attacks outright, as well as be able to spot and respond more quickly to any BEC attacks that get through? Incident responder David Stubley details essential defenses all businesses should put in place now.
Don't fear free tools and practices if they can help your organization better block phishing attacks, improve information security posture and help safeguard others, too, says Andy Bates of the Global Cyber Alliance.
An analysis of attacks against cryptocurrency exchanges over nearly two years shows hackers have inflicted $882 million in damages, according to the Russian security firm Group-IB. The tally of losses is likely to grow next year, the company warns.