Russian National Charged in Payment Card Scheme

Scott Ferguson • November 13, 2019

The U.S. Justice Department Tuesday unsealed an indictment charging Russian national Aleksey Burkov with running an underground site called "Cardplanet" that acted as a clearinghouse for stolen payment card data. Burkov arrived in the U.S. Tuesday after being extradited by Israel.

PCI Standards

RBI Seeks 'Regulatory Sandbox' Applicants

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Governance

Researchers Describe Significant Flaw in Intel's PMx Driver

Jeffrey Burt • November 13, 2019

Researchers at Eclypsium have revealed new details concerning a significant flaw in Intel's PMx driver, which they say could give attackers "near-omnipotent" control over devices. Intel has released an updated version of the driver, a key step in mitigating risks.

Fraud Management & Cybercrime

Multilayered Security Gets Personal

Tom Field • November 13, 2019

When large-scale data breaches started to proliferate more than a decade ago, security leaders called for end-to-end data encryption. But that approach no longer suffices, says First Data's Tim Horton, who calls for a new multilayered defense.

Governance

'Devaluing' Data to Protect It

Scott Ferguson • November 13, 2019

In today's digital environment, protecting sensitive information and sales transaction data is of critical importance. Tim Horton of First Data explains the concept of "devaluing" data so it's worthless in the event of a breach.

Fraud Management & Cybercrime

EMV 3D Secure: Upcoming Milestones

Tom Field • November 13, 2019

The EMV 3D Secure specification faces some milestone dates in Europe and the U.S. What are these milestones, and how does the standard fit into fundamental fraud defenses? Jackie Hersch of Fiserv shares insight.

Cybercrime as-a-service

New Ransomware-as-a-Service Offered at Deep Discount: Report

Akshaya Asokan • November 12, 2019

A new ransomware-as-a-service model dubbed "Buran" that targets vulnerabilities in certain devices running Windows is offered at a deep discount to help the malware spread faster, according to McAfee researchers.

Governance

CCPA Compliance: Identity Verification Challenges

Suparna Goswami • November 12, 2019

One key step for preparing to comply with the California Consumer Privacy Act, which goes into effect in January, is determining how best to verify the identity of users, say two leaders of the Sovrin Foundation, who discuss the key issues.

General Data Protection Regulation (GDPR)

Take Two: Why Organizations Are Reviewing GDPR Efforts

Mathew J. Schwartz • November 11, 2019

The EU's General Data Protection Regulation rewrote the rules of the data privacy and breach notification game when it went into full effect last year. Now, however, numerous organizations are revisiting and refining their GDPR compliance efforts around preparation and remediation, says PwC's Polly Ralph.

Governance

Insider Threat: Greater Risk Mitigation Required

Mathew J. Schwartz • November 11, 2019

Too many organizations are still failing to prioritize mitigating the risk posed by insiders, whether they're malicious actors or model employees who make mistakes that unintentionally lead to a data breach, says Veriato's Chris Gilkes.

General Data Protection Regulation (GDPR)

Privacy Nirvana: Some Assembly Still Required

Mathew J. Schwartz • November 11, 2019

Data privacy discussions must focus not just on collecting, storing and securing data, but also the impetus for doing so - and whether it is being done in an ethical manner, says consultant Thom Lagford, a former CISO, who addresses GDPR compliance issues.

Governance

Data Breach Defense: Email and File Lockdown

Mathew J. Schwartz • November 11, 2019

Preventing data breaches requires safeguarding information, and for many organizations that means having strong controls in place to protect email as well as files, says Zivver's Olivier Paling.

Governance

'Digital Climate Change': An Inconvenient Truth

Mathew J. Schwartz • November 11, 2019

Too many organizations continue to use digital assets and infrastructure even when they can see that they have information security problems and deficiencies that they're failing to fix, says cybersecurity expert John Walker.

Fraud Management & Cybercrime

Despite Instagram Changes, Minors Are Still at Risk

Jeremy Kirk • November 11, 2019

In June, I wrote an in-depth story about how millions of Instagram users worldwide under 18 years old were exposing their email addresses, phone numbers or both. Instagram has finally made a change to address the issue - but it doesn't go far enough.