The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.
Nearly one-third of U.S. banking consumers use online and mobile fintech apps to help manage their money. But those users are concerned about data privacy and want more control over the financial data their apps can access, says David Fortney of The Clearing House, who reviews the results of a survey.
Apache has released an emergency fix for its Struts web application framework to patch a flaw that attackers can exploit to take full control of the application. Some incident response experts, based on the severity of breaches they've investigated, recommend dropping Struts altogether.
An analysis of the privacy issues Amazon will face as it dives deeper into the healthcare business leads the latest edition of the ISMG Security Report. Also featured: A preview of ISMG's Security Summit in New York Aug. 14-15.
Nearly two dozen security weaknesses in OpenEMR - open source electronic medical record and practice management software - left patient data vulnerable to cyberattacks before most were patched, according to the London-based security research firm Project Insecurity.
Check Point says it has found three ways to falsify messages in WhatsApp, which it claims could be employed by scammers and used to spread fake news. WhatsApp acknowledges the findings, but it will not engineer patches.
Although there's widespread agreement that addressing security early in the software development cycle is an essential component to any breach prevention strategy, implementing DevSecOps can prove challenging.
The Reserve Bank of India issued a notice to all cooperative banks advising them to apply caution while deploying third-party core banking applications and check for appropriate security standards. The move came after credential theft incidents at some banks. But will banks heed the advice?