The U.K. Payment Systems Regulator wants to reduce the reimbursement cap on authorized push payment fraud to ease the burden on smaller banks. That's unacceptable and would undermine the financial system's integrity, said Jonathan Frost, board member at the Stop Scams Alliance.
In the latest weekly update, ISMG editors discussed the fallout from the CrowdStrike global IT outage on endpoint security tools, Mastercard's monumental acquisition of Recorded Future to bolster its cybersecurity portfolio, and the latest efforts by U.S. officials to secure the 2024 election.
Geopolitical tensions have heightened cross-border fraud, with criminals exploiting technological advances and regulatory gaps between countries. Shilpa Arora, head of anti-financial crime products at ACAMS, discusses ways banks can tackle cross-border fraud schemes.
George Chacko, executive director of information security and compliance at New York Blood Center, shares his journey in cybersecurity, the challenges for nonprofit organizations with limited budgets and resources, and collaborative initiatives to improve security programs.
Healthcare organizations often face obstacles in sharing cybersecurity information. Phil Englert and Errol Weiss from Health-ISAC advocate for shifting the focus from legal risks to business risks, improving incident response and building resilience through collaboration and transparency.
IT concentration risk could pose major problems for financial institutions that rely heavily on one vendor for critical services. United Overseas Bank's Gaurav Gupta recommends CIOs hold vendors accountable for resilience and look for ways to diversify to ensure business continuity.
In the latest weekly update, ISMG editors discussed the implications of the recent arrest of Telegram's CEO in Paris for encrypted messaging services, the transformative impact of artificial intelligence in cybersecurity, and the latest regulations designed to curb fraud in electronic payments.
The Digital Operational Resilience Act aims to reshape the financial services industry by introducing strict cybersecurity standards. Financial institutions must comply with the new rules by Jan. 17, 2025, or face severe penalties, said Richard Breavington, head of cyber and tech insurance at RPC.
In this episode of "APAC Insights," Sujit Christy, president of ISACA's Colombo chapter, discusses the growing need for organizations to focus on cyber supply chain security, including third-party and fourth-party suppliers, which can create significant vulnerabilities.
Organizations face a surge in sophisticated DDoS attacks, and advanced techniques are making traditional defenses obsolete. Neal Quinn, head of cloud security services business, North America, at Radware, discusses how automated solutions and real-time threat intelligence can address these issues.
Ransomware remains a critical concern for healthcare systems, affecting the availability of patient care. Hugo Lai, CISO at Temple University Health System, said defenders need to understand the dependencies within business processes to effectively combat ransomware.
SentinelOne's minimal reliance on the kernel, reduced dependency on cloud connectivity and use of behavioral AI for threat detection reduce the risk of system disruptions and offer a security edge over CrowdStrike, said SentinelOne CEO Tomer Weingarten.
Network detection and response delivers ground truth in cybersecurity, giving organizations crucial visibility into attacker behavior before, during and after ransomware attacks. Corelight CEO Brian Dye explains how NDR helps security teams verify threats and contain incidents effectively.
In the latest weekly update, Information Security Media Group editors discussed how CrowdStrike's competitors are responding to its outage, why security vendors want to serve the unique needs of SMB organizations and the status of U.N. efforts to develop a treaty designed to combat cybercrime.
The NIS2 Directive focuses on addressing gaps and strengthening the security of network and information systems across the European Union. NIS2 mandates rapid incident reporting and holds senior management accountable for cybersecurity, shifting responsibilities to the board level.
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