RBI Governor Raghuram Rajan's decision to step down at the end of his term in September has provoked interesting discussions within the security fraternity. Leaders believe he has been instrumental in setting a new cybersecurity vision for the banking sector
In this edition of the ISMG Security Report, you'll hear our editors explore how hackers use Java script for ransomware, the latest digital currency security issue and privacy threats posed by virtual reality.
As the PCI Security Standards Council celebrates its 10th anniversary, Troy Leach, the council's chief technology offer, offers his assessment of how its Payment Card Industry Data Security Standard could evolve in the next 10 years.
Apple is building "differential privacy" into iOS 10 to try and block attempts to identify or track individual users based on their behavior, keyword searches or other activities. But will the functionality perform as advertised?
As we prepare to mark the tenth anniversary of the PCI Security Standards Council, it's time to assess the impact PCI-DSS has had on payments security and consider whether it will remain a viable standard 10 years from now. A series of upcoming reports will address these topics.
The Retail Industry Leaders Association is battling against passage of a national data security and breach notification bill known as the Data Security Act of 2015, arguing it would unreasonably require retailers to meet some of the same security standards as banks, says Austen Jensen, a RILA vice president.
Some 85 percent of the mobile banking apps in the Asia-Pacific region fail basic security checks, according to a recent study by AppKnox. Experts outline the challenges faced by banks in securing mobile apps and share some recommendations.
The third edition of ISMG's Data Breach and Fraud Prevention Summit in Asia took off June 8 in Mumbai. Here are some highlights and first impressions from the day-long event, featuring key industry thought leaders.
ISMG's upcoming Data Breach & Fraud Prevention Summit Asia 2016 in Mumbai will focus on the latest fraud techniques and technologies, as industry thought leaders take us through new approaches to tackle breaches as well as today's top schemes and solutions to stop them.
Asking how many different technologies consumers will tolerate when it comes to paying for their goods and services is a bit like asking how many more superheroes moviegoers will countenance in the latest "Avengers" film.
Is SWIFT now playing good cop/bad cop? While it initially promised to not police the financial services industry, it's now considering training auditors and suspending banks found to have poor information security practices.
Since the theft of $81 million from the central bank of Bangladesh came to light in February, investigators have continued to probe similar SWIFT-related attacks against four other financial services firms, dating back to at least 2013.
Before moving to faster payments, U.S. banks should scrutinize the security gaps exploited in the SWIFT-related bank heists and build effective risk-mitigation strategies that include stronger layers of authentication, financial fraud experts say.
A Bangladesh probe says that an insider may have assisted attackers in perpetrating the $81 million cyber heist against Bangladesh Bank. SWIFT has unveiled new security measures to help other banks, but security experts say more will be needed.