The hacking group known as Legion is taking credit for hijacking the twitter accounts of high-profile Indians as well as accessing more than 40,000 servers. Is the nation well-equipped to mitigate the risks posed by hackers?
After the recent compromise of 3.2 million debit cards details in India, Ravi Shankar Prasad, minister of IT and law, is calling for more organizations to have a third-party security audit and hire a CISO.
Talking to your boss about cybersecurity is vital, yet we often get sidetracked by day-to-day activities and never take the time to sit down and get on the same page...or simply because it can be very daunting to try to make a case for something that your boss doesn't really understand. Where do you even begin and...
In the wake of recent cyberattacks on the financial sector, the Insurance Regulatory Authority of India plans to develop by March 2017 a comprehensive cybersecurity framework offering guidance for insurers. Security experts weigh in on the priority areas that need IRDAI's attention.
In light of the increase in ATM fraud in India, it's essential that banks more closely monitor the security efforts of third-party service providers they increasingly are relying on to help manage their networks, says Prakash Joshi, COO at Electronic Payment Systems
It's a story you'll watch unfold time and time again. The breach. The headlines. The confusion. The public apologies. The finger-pointing. And it's often followed by some form of the following statement: "But I was compliant." Compliance is never enough. The challenges are understandable, but taking the path of least...
Same-day Automated Clearing House (ACH) payment processing became a reality. While this represents a terrific opportunity for banks to be responsive to their customer's requirements for faster ACH payments, plus the ability to attract new customers from banks who choose not to offer the same level of responsiveness,...
To improve security, The Insurance Regulatory and Development Authority of India is requiring insurance companies to stop using internet servers outside India and to store all critical customer data domestically. The authority also is requiring insurers to take stringent measures to safeguard indigenous servers.
While the push for security in regulated industries is compliance driven, it's essential for organizations to also develop security strategies based on business risks, says A. Shiju Rawther, head of infrastructure and security operations at a leading credit-rating bureau in India.
The UAE has amended its federal law against using fraudulent VPNs. Anyone using one will be fined and possibly imprisoned. Security leaders welcome the move, saying it is a positive step to help combat cybercrime.
As the PCI Council turns 10, this year, Indian banks say compliance with the PCI Data Security Standard remains a priority, in spite of the market's push for more cardless payments.
Shriram Life Insurance responds to the recent alleged hacking of its servers by an unknown group of attackers. The company strongly denies any breach of its servers and says it has robust security controls with strict policies in place to prevent breaches.
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.
The security landscape is undergoing churn in India, and Deloitte's Akshay Garkel warns that with the country's regulators making big moves, the next six months should keep practitioners on their toes.
The nature of sophisticated fraud is changing, argues NPCI's Bharat Panchal. He shares experiences from his sector to support this idea, and he shares insights on how this will affect the security practitioner roles.
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