"Inertia and clumsiness" at the Federal Reserve Bank of New York nearly led to one of the biggest cyber-heists in history - resulting in $81 million being stolen from the central bank of Bangladesh - being even worse, according to a new report.
France's data protection watchdog has slammed Microsoft Windows 10 for collecting excessive amounts of personal data and failing to use strong security controls. Under the country's data protection laws, Microsoft may now face up to $1.7 million in fines.
The 2016 RSA Conference Asia Pacific & Japan, to be held July 20-22 in Singapore, will offer a security road map, imparting lessons to practitioners to help them navigate through cybersecurity complexities. Here's a preview of some of the top session.
While many banks and merchants in Britain, France and Germany have long complied with the PCI Data Security Standard, deregulation has led organizations in other European countries to start taking PCI compliance more seriously and use it for competitive advantage.
Businesses on both sides of the Atlantic are lauding the new U.S.-EU Privacy Shield, which gives them a legal way to handle Europeans' personal data. But privacy rights groups have criticized the agreement for falling short of the EU's own privacy protections.
The release this week by the PCI Security Standards Council of a new PCI compliance resource for small merchants is being lauded by the banking and payments community. But how effective will the resource be at actually convincing merchants to move forward with PCI compliance?
Ten years after the launch of the PCI Data Security Standards Council, the key to ensuring ongoing compliance with the PCI Data Security Standard is winning CEO buy-in worldwide, says Stephen Orfei, general manager of the council.
The need for PCI-DSS compliance is being embraced in Southeast Asia and the Middle East, with adoption of PCI standards increasing dramatically over the last five years, says Dharshan Shanthamurthy, CEO of SISA Information Security, who shares insights about why PCI adoption is likely to continue to grow.
Achieving international acceptance of PCI-DSS is an ongoing challenge, says Jeremy King, international director of the PCI Security Standards Council, who's working to educate merchants about baseline security that goes far beyond cardholder data protection.
While PCI compliance is a priority for many U.S. retailers, some major companies in Australia say they'd rather forego the cost of compliance and risk the possibility of steep fines if a card breach occurs.
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
Kaspersky Lab says that its original estimate of how many remote desktop protocol server credentials were offered for sale in the now shuttered online cybercrime marketplace xDedic may have been far too low, based on new data coming to light.
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.
India's National Cyber Security Coordinator, Dr. Gulshan Rai, puts forth a five-point agenda to secure digital India. Critics question what's new and different about the plan and suggest what they see as the right steps to security.