An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
The Modi government's "Jan Dhan Yojana" is ambitious, and security concerns are vast. Awareness, complexity and scope must be addressed, says Pervez Goiporia, vice president, IDM development, at Oracle India.
How banks and law enforcement can work together to fight global cybercrime was a hot topic at our Fraud Summit Toronto. And the discussion will continue at our Sept. 23 summit in London.
Spear phishing attacks are increasingly sophisticated. Banking institutions must learn more about how fraudsters dupe one's customers and employees, says a panel of three financial fraud experts.
To honor our loyal readers, and to invite even more of their comments, we're debuting a new, weekly infographic entitled ISMG Buzz, in which we offer a "best of" compilation of the latest insights.
Peruse the agenda for the Black Hat security conference that's being held this week in Las Vegas and you'll get a peek at some of the major cybersecurity challenges ahead - and potential solutions.
A security expert and average consumers respond differently to the eBay breach. As most customers retain a high degree of faith in online merchant security, the expert believes eBay committed a serious sin in its lack of strong authentication.
Banking institutions must improve how they analyze cyber-threat intelligence. But without better tools, security leaders can't adequately anticipate new attacks, says Greg Garcia, the new executive director of the FSSCC.
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.
Embedding some information security practitioners within business units could help improve IT security awareness in many enterprises, reducing security risk, says Steve Durbin, global vice president of the Information Security Forum.
HDFC Bank launched a new cybercrime training program for police. The goal: help officers improve response to fraud and other crimes. What are the program's key elements, and how will success be measured?
The recent Verizon Data Breach Investigation Report notes more than 16,000 incidents in the past year where sensitive information was unintentionally exposed. "Nearly every incident involves some element of human error," the report notes.
An address by FBI Director James Comey at the RSA security conference seems to equate civil liberties and privacy. But when he offers an example of balancing Americans' rights with cybersecurity, he mainly refers to the civil liberties, not privacy.
In light of the critical shortage of information security professionals, organizations must strive to become a "center for security excellence" to successfully recruit the specialists they need, says analyst John Oltsik of Enterprise Strategy Group.
While many organizations rely on employee training to help mitigate the risks of spear phishing, such efforts are generally ineffective, says Eric Johnson of Vanderbilt University, who explains why a technical solution might be better.
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