The business of executive email hacking is booming, with hundreds of millions of dollars lost in fraudulent wire transfers. But businesses can improve their processes to avoid inadvertently transferring funds to fraudsters, according to one expert.
Cyberattacks have gained regulatory attention worldwide. But the world doesn't need more regulation to address new threats, says Steve Durbin of the Information Security Forum. Instead, government must work more closely with the private sector.
Dr. Amirudin Wahab, CEO, Malaysia Cybersecurity, says organizations in the Middle East must adopt a strong public-private partnership model and build an effective information-sharing platform to create a more secure ecosystem.
After blaming a recent spate of bank robberies on banks' poor information security practices, SWIFT has changed its tune. Now it says it wants to help financial firms spot related fraud and better share information about unfolding threats.
Security leaders, while welcoming India's new intellectual property rights policy as a step in the right direction, argue that the policy lacks specifics around awareness creation, enforcement of IP rights and software patenting.
Cyberattacks are increasing in frequency, complexity, nuance and stealth. But human error, business compulsions and increasingly complex environments make it difficult to maintain adequate defenses, says Juniper Network's CTO for India and SAARC
With hack attacks continuing against banks, SWIFT must follow in the footsteps of other vendors - notably Microsoft - and begin offering detailed, prescriptive security guidance to its users, says Doug Gourlay of Skyport Systems.
The $940 billion compensation awarded to Epic Systems in its case against Indian IT major TCS is unprecedented - shaking the industry out of its complacency to information security. Cyber law expert "Naavi" takes a close look at the implications for India.
The SWIFT messaging platform, which was hacked during the Bangladesh Bank heist, is used widely by most Indian banks for international financial transactions. Institutions that rely on the platform must be more vigilant, experts warn.
Anonymous, which launched a DDoS attack on Bank of Greece's website and those of several other banks, plans to attack top banks from Southeast Asia. Can Indian banks deflect such attacks with adequate DDoS defences?
Close on the heels of the QNB leak, the same attackers have published data that appears to be from UAE-based InvestBank. The dump appears to contain payment card data, as well as a large number of sensitive, internal files relating to the bank's employees and systems.
Following a massive data leak, Qatar National Bank has confirmed that its systems may have been hacked. A group with Turkish ties has claimed credit for the attack and reportedly threatened to release information from a second bank hack.